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Ron Chalmers, edmontonjournal.com
* t4 V& R/ t7 I" Y3 @Published: Wednesday, April 04, 2007
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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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6 f6 J9 Q9 ~5 v. K9 L“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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& j- D0 b8 J# E. P+ g& K, A" Q. hEdmonton-area prices averaged $398,476 for single-family homes and $325,339 for all housing forms." w) V, d% u$ T( u; c M
% F' D# \2 p4 h4 A5 Z0 F- P' [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.
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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.
d1 K8 W% P5 b% o, MAverage 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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