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Ron Chalmers, edmontonjournal.com2 l) E" c+ i% L2 t: S1 T! o
Published: Wednesday, April 04, 20070 A2 i4 O6 z8 W; Y% j2 B
, S7 m5 O# E: u/ A( NAverage house prices have hit half a million dollars in southwest Edmonton and almost $400,000 across the Capital region.' d1 F. C3 |0 @
, A$ E, [% @+ d1 a5 A“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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: E7 o' X3 B' x0 A! IEdmonton-area prices averaged $398,476 for single-family homes and $325,339 for all housing forms.( \# A# K/ k0 \8 Z9 C/ c) E' Z
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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.. ]+ H) ]& @6 h2 E' i5 |
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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.4 k5 f. n/ z- 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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