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Ron Chalmers, edmontonjournal.com
# Z6 z0 x" `. k% H9 I( x3 uPublished: Wednesday, April 04, 2007
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Average house prices have hit half a million dollars in southwest Edmonton and almost $400,000 across the Capital region.$ i* ?3 D+ I* u$ C6 G$ J( z8 R
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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.. k X7 x5 s2 r& Q
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Edmonton-area prices averaged $398,476 for single-family homes and $325,339 for all housing forms.* ^- j# {5 N% U+ Y2 A
5 I: ?$ |3 H& I' vIn 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.% K" i& U; t0 f4 U+ n
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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