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Ron Chalmers, edmontonjournal.com& o# S3 Q: P6 }7 Z$ @6 ^
Published: Wednesday, April 04, 2007
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0 {! ]$ t( i" d: M7 xAverage 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. u, A+ P0 A& I7 h
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Edmonton-area prices averaged $398,476 for single-family homes and $325,339 for all housing forms.
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# ^6 g9 h9 ]$ }! |" O, x9 j# \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.& \! h) v4 O8 f* t" A. B
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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.
7 s0 h2 j8 J A6 WAverage 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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