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Ron Chalmers, edmontonjournal.com6 ~: y- i1 G; ~% j. _
Published: Wednesday, April 04, 2007
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5 {5 p( p& ^/ o4 H% c- BAverage house prices have hit half a million dollars in southwest Edmonton and almost $400,000 across the Capital region.0 |, u+ R# b" g' W) G) B
. Y; H( E, c) n“It is clear that housing prices have not yet peaked,” Carolyn Pratt, president of th Edmonton Real Estate Board said Wednesday, releasing the March sales figures from the Mutiple Listing Service.
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a$ K& l! F; w8 g7 S! Q2 |Edmonton-area prices averaged $398,476 for single-family homes and $325,339 for all housing forms.
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. Y' r t: @- f3 r9 PIn only the first three months of this year, average home prices have climbed 12.4 per cent, so Pratt has abandoned her earlier forecast of a 15 per cent increase for the full year.: Y8 E. I$ k7 J! o7 R
8 O/ h9 T/ P$ R" n$ J' F$ `“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.4 O3 S* R! m9 I! H
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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