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Ron Chalmers, edmontonjournal.com
* ~. w. V% z. N9 Y C$ EPublished: Wednesday, April 04, 20070 S' s# d. J$ ]( q3 f
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Average house prices have hit half a million dollars in southwest Edmonton and almost $400,000 across the Capital region.6 Z* e# c; x5 y+ Z" O8 H$ n, d2 T
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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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* O: i Z! N' W. T# AEdmonton-area prices averaged $398,476 for single-family homes and $325,339 for all housing forms.2 z [( `3 A9 `4 h- Q/ x* x4 v
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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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; q# f* g M0 E8 b0 v( R* |“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., ^3 \, B2 D) A4 z. f8 _( s
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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