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Ron Chalmers, edmontonjournal.com. _% }/ b% c5 ?% T4 S
Published: Wednesday, April 04, 2007+ Q3 Y; {% q8 T
% e# R, E; D, e# r; bAverage house prices have hit half a million dollars in southwest Edmonton and almost $400,000 across the Capital region.5 n, O" _ E; v5 o' A0 t
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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.
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Edmonton-area prices averaged $398,476 for single-family homes and $325,339 for all housing forms.
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In only the first three months of this year, average home prices have climbed 12.4 per cent, so Pratt has abandoned her earlier forecast of a 15 per cent increase for the full year.
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! n9 A/ w* P* e' O2 y“We’re predicting that prices will continue to rise until August, at four to five per cent per month, then at two per cent per month,” she said today.
* n' o4 _0 ]: p$ i' G) U7 aAverage 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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