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Ron Chalmers, edmontonjournal.com
, C2 W5 R3 g4 v; WPublished: Wednesday, April 04, 2007" C2 ~9 o$ g! \- ]
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Average house prices have hit half a million dollars in southwest Edmonton and almost $400,000 across the Capital region.
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) Q# o3 d! \% I8 q/ O“It is clear that housing prices have not yet peaked,” Carolyn Pratt, president of th Edmonton Real Estate Board said Wednesday, releasing the March sales figures from the Mutiple Listing Service., D) {/ S% \8 v
, M$ A# c3 O1 G* g+ M. k6 hEdmonton-area prices averaged $398,476 for single-family homes and $325,339 for all housing forms.2 n( [' \: w7 f: S: y
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In only the first three months of this year, average home prices have climbed 12.4 per cent, so Pratt has abandoned her earlier forecast of a 15 per cent increase for the full year.
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( H. [5 I+ c- z: C“We’re predicting that prices will continue to rise until August, at four to five per cent per month, then at two per cent per month,” she said today.
/ _+ i8 @$ _- p" L" @; h- p3 HAverage 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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