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Ron Chalmers, edmontonjournal.com
2 O5 u' f3 s* q i+ G! x; fPublished: Wednesday, April 04, 20072 f+ `- @0 c; s2 V
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Average house prices have hit half a million dollars in southwest Edmonton and almost $400,000 across the Capital region.
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“It is clear that housing prices have not yet peaked,” Carolyn Pratt, president of th Edmonton Real Estate Board said Wednesday, releasing the March sales figures from the Mutiple Listing Service.$ L8 t$ ~$ x% [( k O; g/ i
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Edmonton-area prices averaged $398,476 for single-family homes and $325,339 for all housing forms.% c; z; Y4 w, b. B6 q+ K
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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.
; J& v% E! Y+ S2 t, Q yAverage 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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