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Ron Chalmers, edmontonjournal.com' d/ I% Q* S9 b$ d* x5 D3 N& |0 M
Published: Wednesday, April 04, 2007! Y) S6 z T" J+ l
; j# [ I- B `* P; ~" hAverage house prices have hit half a million dollars in southwest Edmonton and almost $400,000 across the Capital region.! y) B/ u0 h; s# k2 m2 j4 @9 E
7 q1 G% w! u- i9 V- ]4 Y. `. d“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.; [; E/ C2 @- ] p" x. B
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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.! o, E) n) Q1 t- B8 u, e
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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.. a8 P. `6 I2 S1 M* M2 ^
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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