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Ron Chalmers, edmontonjournal.com( E+ v! o) b9 K/ V/ |; H
Published: Wednesday, April 04, 20079 H+ [7 {* J7 ]/ ?" I! v* d8 Y7 L
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Average house prices have hit half a million dollars in southwest Edmonton and almost $400,000 across the Capital region.
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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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Edmonton-area prices averaged $398,476 for single-family homes and $325,339 for all housing forms./ \! ^) i1 [* [" K6 w4 q+ e
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In only the first three months of this year, average home prices have climbed 12.4 per cent, so Pratt has abandoned her earlier forecast of a 15 per cent increase for the full year.9 y- Q% w4 R4 U8 V( m
. Z% _% \0 b1 ?“We’re predicting that prices will continue to rise until August, at four to five per cent per month, then at two per cent per month,” she said today.: J+ r7 n# }+ m/ p$ d7 v
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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