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Ron Chalmers, edmontonjournal.com
/ ~/ q4 N" T- ~' OPublished: Wednesday, April 04, 2007% |( V& |! l* B8 r" Q6 B+ W7 s
: }- n* r. m+ B/ Y( [Average house prices have hit half a million dollars in southwest Edmonton and almost $400,000 across the Capital region.
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. e1 `' M2 Z6 U' Z' Y, o“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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; j v. R8 H# jEdmonton-area prices averaged $398,476 for single-family homes and $325,339 for all housing forms.0 Q4 W& _9 e# l
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In only the first three months of this year, average home prices have climbed 12.4 per cent, so Pratt has abandoned her earlier forecast of a 15 per cent increase for the full year.% F3 _, h/ x; {5 i
" u9 R% o& x4 f p2 E9 Y“We’re predicting that prices will continue to rise until August, at four to five per cent per month, then at two per cent per month,” she said today.$ G4 `% O( [* i- @
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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