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Ron Chalmers, edmontonjournal.com% e9 I, X- J, r3 q
Published: Wednesday, April 04, 2007* E u! T0 W+ G& `' z! W/ l1 I
" S. K: A+ Z( ~! d; [7 c+ lAverage house prices have hit half a million dollars in southwest Edmonton and almost $400,000 across the Capital region.
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4 T. I/ Y4 V! ^$ G. H& v* v$ p“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.2 q8 \# \) i. z- ]8 D# S; L
9 L; N% F) x. a f; d: B5 MEdmonton-area prices averaged $398,476 for single-family homes and $325,339 for all housing forms.
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* w/ |4 L. H. @- t; VIn only the first three months of this year, average home prices have climbed 12.4 per cent, so Pratt has abandoned her earlier forecast of a 15 per cent increase for the full year.
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' J3 G0 Z4 s* I$ ?“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.: i; L! K9 X0 L X
Average 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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