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Ron Chalmers, edmontonjournal.com$ S- ^* P/ }) E2 ]
Published: Wednesday, April 04, 2007# j- v! l! E+ U( s: u6 |' _
, |$ k- ~. j6 Q' R3 u4 aAverage house prices have hit half a million dollars in southwest Edmonton and almost $400,000 across the Capital region.& z9 e, Q5 [, u& g+ g
. G0 p! S" v/ |. P+ `“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. \( |% h. M" B: F! E3 h
* E1 Z, v8 ?# |, JIn 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.8 u! c+ T- D/ K0 ~- |0 }
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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