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Ron Chalmers, edmontonjournal.com
1 H' z( w1 o9 gPublished: Wednesday, April 04, 2007) t3 q% K/ a: Y4 q: ~$ [8 i% R
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Average house prices have hit half a million dollars in southwest Edmonton and almost $400,000 across the Capital region.8 `( J4 \( O( E' P
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“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.) j- E7 L8 o8 f4 V
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Edmonton-area prices averaged $398,476 for single-family homes and $325,339 for all housing forms.' U7 Q+ D8 g7 W0 e2 x) z
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In only the first three months of this year, average home prices have climbed 12.4 per cent, so Pratt has abandoned her earlier forecast of a 15 per cent increase for the full year.
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" n4 y; q( C( i1 i. x' e“We’re predicting that prices will continue to rise until August, at four to five per cent per month, then at two per cent per month,” she said today.
9 k$ t; k+ }& d* A, ZAverage 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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