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Ron Chalmers, edmontonjournal.com0 A% b. S, D+ i& r
Published: Wednesday, April 04, 20074 ?) v1 u( b3 ~3 ^1 u' o
' T0 n* J0 y8 P2 s1 b: D! pAverage house prices have hit half a million dollars in southwest Edmonton and almost $400,000 across the Capital region.
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/ c2 U& x6 N3 N6 f1 b9 O: R9 G% 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.
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Edmonton-area prices averaged $398,476 for single-family homes and $325,339 for all housing forms.: t! g" p6 T' r' w r; ?
* n, b. [2 Q5 f, H0 fIn 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.- |3 A) C) H) x
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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.% B6 S0 q4 {3 y9 z( L
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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