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Ron Chalmers, edmontonjournal.com
8 j$ i# c/ l9 U% TPublished: Wednesday, April 04, 2007
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5 q9 c1 l+ e! @Average house prices have hit half a million dollars in southwest Edmonton and almost $400,000 across the Capital region.8 R1 q4 K: F- t# ~7 ]9 N
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“It is clear that housing prices have not yet peaked,” Carolyn Pratt, president of th Edmonton Real Estate Board said Wednesday, releasing the March sales figures from the Mutiple Listing Service.
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0 l$ u' V$ Y2 U! bEdmonton-area prices averaged $398,476 for single-family homes and $325,339 for all housing forms., ^1 Y+ M6 J& g5 p+ V: L5 J
3 N) d+ }& I- z' s3 l) c! |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.5 _: S2 _: z' d
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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.* a, o3 T7 [: x* ^2 V
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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