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Ron Chalmers, edmontonjournal.com
& R& b' n$ y' U5 h. h& m% O; N; Y1 UPublished: Wednesday, April 04, 2007
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. z' F& b D0 W3 s: u" C1 BAverage house prices have hit half a million dollars in southwest Edmonton and almost $400,000 across the Capital region.& E5 H0 W9 X1 q* R: S
& K* A5 g+ p+ D( f H+ l“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.
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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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“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 s6 u: | u5 @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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