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Ron Chalmers, edmontonjournal.com1 |, K$ P- F& x. c
Published: Wednesday, April 04, 2007/ z$ g \' q/ I' L% T& b- S
y5 [! F9 u) R, L0 X. L/ W `Average house prices have hit half a million dollars in southwest Edmonton and almost $400,000 across the Capital region.8 j5 D5 w. r- @" t" P* W/ f
' H. H$ Q" i; U$ v( @+ I“It is clear that housing prices have not yet peaked,” Carolyn Pratt, president of th Edmonton Real Estate Board said Wednesday, releasing the March sales figures from the Mutiple Listing Service.: y7 T7 l- j6 \) y, d, y8 v
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Edmonton-area prices averaged $398,476 for single-family homes and $325,339 for all housing forms.
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' p" l4 I' R& }3 J( yIn only the first three months of this year, average home prices have climbed 12.4 per cent, so Pratt has abandoned her earlier forecast of a 15 per cent increase for the full year.
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“We’re predicting that prices will continue to rise until August, at four to five per cent per month, then at two per cent per month,” she said today.
' \5 \3 F1 Z' }7 a1 m" bAverage prices for single-family homes varied from $501,838 in Southwest Edmonton, and $484,168 in St. Albert, to $320,600 in Morinville, $312,730 in northeast Edmonton and $281,480 in central Edmonton. |
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