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Ron Chalmers, edmontonjournal.com
2 Y! }/ J, d8 qPublished: Wednesday, April 04, 2007
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" }' d+ S" e# R2 \! @5 a4 U& L. R6 @Average house prices have hit half a million dollars in southwest Edmonton and almost $400,000 across the Capital region.) e6 d1 m$ q* l4 D% {4 {! s
# L# T" X& C! }, K {' J“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 $325,339 for all housing forms.
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" w7 n4 ?5 E/ U- \ D. f) K. XIn only the first three months of this year, average home prices have climbed 12.4 per cent, so Pratt has abandoned her earlier forecast of a 15 per cent increase for the full year.. L( c; P+ U u- H5 F
* u: d. Y# K$ l/ t/ b v“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.
8 t* K5 e. L7 v8 S* VAverage 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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