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Ron Chalmers, edmontonjournal.com8 @% T2 W/ `; e" b, [' u: `
Published: Wednesday, April 04, 2007
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: f9 Q) ?: i0 o- v2 KAverage house prices have hit half a million dollars in southwest Edmonton and almost $400,000 across the Capital region.
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% i$ A/ [$ U! ]! g( I1 U“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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; z; q- F' F% R1 |Edmonton-area prices averaged $398,476 for single-family homes and $325,339 for all housing forms.
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In only the first three months of this year, average home prices have climbed 12.4 per cent, so Pratt has abandoned her earlier forecast of a 15 per cent increase for the full year.
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6 t. b6 n# l4 B) ^* Q# T, A' S. Q8 k“We’re predicting that prices will continue to rise until August, at four to five per cent per month, then at two per cent per month,” she said today.% }$ t- V7 C/ }* Z
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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