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Ron Chalmers, edmontonjournal.com7 O% {" M0 [9 G. Z
Published: Wednesday, April 04, 2007. i4 {+ k5 z/ q7 p
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Average house prices have hit half a million dollars in southwest Edmonton and almost $400,000 across the Capital region.1 ]& q; u3 n _; l
4 G+ a m: Z5 F- |% m# 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.: C1 K4 X0 `4 E8 R
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Edmonton-area prices averaged $398,476 for single-family homes and $325,339 for all housing forms.. ?" E3 f% _: Y0 s
9 B0 e5 |' J6 D0 V, IIn only the first three months of this year, average home prices have climbed 12.4 per cent, so Pratt has abandoned her earlier forecast of a 15 per cent increase for the full year.! v5 V# O: V* Q: ]; N$ D# T
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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.
7 k8 U* T3 M/ o3 Q% G/ p+ b! E7 i: b: rAverage 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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