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Ron Chalmers, edmontonjournal.com
# o" H$ I- S0 v2 iPublished: Wednesday, April 04, 2007' E( Z1 N$ V& x F6 B- h) D4 x
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Average house prices have hit half a million dollars in southwest Edmonton and almost $400,000 across the Capital region.
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0 L( i4 P( G# M$ x. P7 v“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.& T0 t* g, L, i" M0 j
) ] E, X D- TEdmonton-area prices averaged $398,476 for single-family homes and $325,339 for all housing forms.
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In only the first three months of this year, average home prices have climbed 12.4 per cent, so Pratt has abandoned her earlier forecast of a 15 per cent increase for the full year.0 ?9 B! }- E( q5 q0 ]
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“We’re predicting that prices will continue to rise until August, at four to five per cent per month, then at two per cent per month,” she said today.
; O: m$ j/ o% L9 v j- RAverage 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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