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Ron Chalmers, edmontonjournal.com9 K$ @8 H8 n: Z
Published: Wednesday, April 04, 2007
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1 F D) o- q& [# b6 X) R8 cAverage house prices have hit half a million dollars in southwest Edmonton and almost $400,000 across the Capital region.
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: D' f7 f; n% ~. j3 i2 y9 F2 V- `: u“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.
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Edmonton-area prices averaged $398,476 for single-family homes and $325,339 for all housing forms.7 j+ K' A' W* u' w1 |7 k
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In 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., ? Z) I7 }2 B5 h
$ y* q! M! r% i$ d% e) o$ n“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.% J! z' H1 v. _2 {% u
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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