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Ron Chalmers, edmontonjournal.com
' i% m9 @9 ~$ k" M7 g+ i* OPublished: 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.
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_5 O7 o! U/ A* _9 I“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.7 @9 I) J- g7 O& I
) r& B* n5 K4 h! y. g" P8 m0 P0 O& H5 wEdmonton-area prices averaged $398,476 for single-family homes and $325,339 for all housing forms.+ c3 y' _/ s4 y0 F
- f1 U# P: R- N6 i9 uIn only the first three months of this year, average home prices have climbed 12.4 per cent, so Pratt has abandoned her earlier forecast of a 15 per cent increase for the full year.
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“We’re predicting that prices will continue to rise until August, at four to five per cent per month, then at two per cent per month,” she said today.
/ U" n9 \' {0 |# Q* l( q$ kAverage 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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