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Ron Chalmers, edmontonjournal.com
' r' D/ r' y* S- e1 F7 vPublished: 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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“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 $325,339 for all housing forms.% x2 R. h' W) h! T9 `
. `. x x4 d0 |In only the first three months of this year, average home prices have climbed 12.4 per cent, so Pratt has abandoned her earlier forecast of a 15 per cent increase for the full year.. W; ^9 }8 C% L" e9 h
7 g( H" p+ i. H+ \' F$ o: N“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.* Y9 @1 {8 W8 E
Average 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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