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Ron Chalmers, edmontonjournal.com
5 ]0 R6 |* Q/ L5 X, WPublished: Wednesday, April 04, 2007, J- @5 G: q \1 y. m# `+ ]
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Average house prices have hit half a million dollars in southwest Edmonton and almost $400,000 across the Capital region.3 i; \% g: n9 i
% n8 j* G1 j; M7 t9 u“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.2 ^! _( P+ D' M/ R
4 {' ^1 |" T- Y% [! U* IEdmonton-area prices averaged $398,476 for single-family homes and $325,339 for all housing forms." }) c. J$ e: Y( H3 _/ \+ o
2 V1 H! G9 q/ _, M. X* s$ cIn 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.7 i& q4 |6 z2 P5 D* j) H
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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.* s; \+ ~& { G
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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