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Ron Chalmers, edmontonjournal.com$ i( I6 `1 o1 Y ]0 V2 i- ]5 I f
Published: Wednesday, April 04, 2007
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: F/ o) T+ a( T8 J2 M$ R+ jAverage house prices have hit half a million dollars in southwest Edmonton and almost $400,000 across the Capital region.
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# [8 W$ U6 ?# M4 Y# O8 D2 b2 ]2 z; g8 v“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.; U& \: |0 f! h7 q2 {5 l! O
$ e. Q& D# ], kEdmonton-area prices averaged $398,476 for single-family homes and $325,339 for all housing forms.3 o2 Y9 ]( p7 j7 ~* {
2 B- H7 f' a+ |In only the first three months of this year, average home prices have climbed 12.4 per cent, so Pratt has abandoned her earlier forecast of a 15 per cent increase for the full year.$ Q- e+ V/ f- V3 |
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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- w; ]2 a) Z5 d* _: b8 d
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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