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Ron Chalmers, edmontonjournal.com7 k, }* H ^* }2 Z/ w6 @
Published: Wednesday, April 04, 2007
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Average house prices have hit half a million dollars in southwest Edmonton and almost $400,000 across the Capital region.& a7 f; M, l6 `' P9 n2 _( W, `: v
' X" s* S8 W7 C1 t5 L1 L“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.% s! k3 L! ]+ }( @- X3 J
" n: L2 K& r: a3 j- J* y& REdmonton-area prices averaged $398,476 for single-family homes and $325,339 for all housing forms.- p8 T0 k1 o- Z! f+ f
5 c M, I, w; c. a$ e0 a; EIn 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.- X; N) y7 o9 W- F
$ y, e9 ]; p& G8 r+ 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.
4 p; O% U# o1 H9 o3 l5 fAverage 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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