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Ron Chalmers, edmontonjournal.com
9 y, N4 N5 D$ A8 u) n3 E0 tPublished: Wednesday, April 04, 2007
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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.
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; Z4 Q3 A- F: oEdmonton-area prices averaged $398,476 for single-family homes and $325,339 for all housing forms." Z; W4 `% U6 ^: z2 s2 R
4 ^; G2 B6 }. d! X3 [- ]# ~# D$ }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.5 r2 @2 M6 K `
( w5 \- l- _5 ~4 D# L“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.
) [: B4 R& R1 ]( `5 l" |4 EAverage 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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