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Ron Chalmers, edmontonjournal.com
D. D% F9 _8 iPublished: Wednesday, April 04, 2007, t8 s- u% F. k) a* b2 ~, q5 |- Y
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Average house prices have hit half a million dollars in southwest Edmonton and almost $400,000 across the Capital region.8 [( J+ h: e% F
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“It is clear that housing prices have not yet peaked,” Carolyn Pratt, president of th Edmonton Real Estate Board said Wednesday, releasing the March sales figures from the Mutiple Listing Service.+ w$ q( U4 e% C. E% j8 y
* g9 u0 t) O' S+ S" ~# B' ]Edmonton-area prices averaged $398,476 for single-family homes and $325,339 for all housing forms. H3 l. k5 `; D# t/ i
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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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“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.' Z' @0 L! @7 k5 D2 u7 ?
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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