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Ron Chalmers, edmontonjournal.com% s: w2 s/ V" U9 y! @
Published: Wednesday, April 04, 20076 p6 Z- x3 b" N2 t: D! E2 W
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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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5 w( C0 Z1 W9 N; l- u! z) G“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 $325,339 for all housing forms.
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In only the first three months of this year, average home prices have climbed 12.4 per cent, so Pratt has abandoned her earlier forecast of a 15 per cent increase for the full year.. i8 b1 w. G$ u6 V& h, o+ W' P
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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.
! H# O2 n' L I3 b4 uAverage 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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