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Ron Chalmers, edmontonjournal.com( B! h1 T6 P& M
Published: Wednesday, April 04, 2007
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( _0 V% U: m& P- p* B( yAverage house prices have hit half a million dollars in southwest Edmonton and almost $400,000 across the Capital region.
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) _: B4 ?$ ?+ `% i4 f“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.% F3 t& V3 l4 q* i6 w/ n% \4 @* v
# s7 k5 r8 b+ O; y: {' {Edmonton-area prices averaged $398,476 for single-family homes and $325,339 for all housing forms.
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- h' P& x9 D- Q4 p8 ^% [' EIn 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.8 {: m0 V, o) O, G
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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.: [0 N- G0 p- h7 J% i- K
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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