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Ron Chalmers, edmontonjournal.com W$ b, d" }: s) D8 ^# v- E
Published: Wednesday, April 04, 20078 O" u1 x# f9 }0 _, i9 U7 j8 q
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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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; Q9 B: o. \; U5 E b, W. P“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.9 B! ]6 m+ D; A, p% Z
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Edmonton-area prices averaged $398,476 for single-family homes and $325,339 for all housing forms.) d# a( j2 ]$ B( W
m7 G' W3 K9 G) 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.
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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.
$ [9 o# Q- V' h6 JAverage 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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