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Ron Chalmers, edmontonjournal.com
& \8 w( v% ^8 t- r$ ~1 p5 lPublished: Wednesday, April 04, 2007! k- p/ i* [3 a1 @" @- D2 J. X. q
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Average house prices have hit half a million dollars in southwest Edmonton and almost $400,000 across the Capital region.7 k5 ^! v% A4 _6 J: L+ V V0 I ~
# [; X. b# @8 l# L9 L8 w“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.5 q0 E2 I' v; R
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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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“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.
( D& S+ q: p' ]! DAverage 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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