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Ron Chalmers, edmontonjournal.com
6 |# j% V2 x5 l) s- [Published: Wednesday, April 04, 2007( k; Q% W0 I1 S
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Average house prices have hit half a million dollars in southwest Edmonton and almost $400,000 across the Capital region.( w" ` @5 X- w- e/ l# C. Z
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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.6 J, h# p) ? u# {# L6 L V0 a3 A
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Edmonton-area prices averaged $398,476 for single-family homes and $325,339 for all housing forms.$ W; N2 v4 M+ A- S5 }
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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./ P% V$ e K2 S: p% S
( s* C; r6 ~$ L7 B0 a# \- M“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 m% k* I; L- P! v ^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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