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Ron Chalmers, edmontonjournal.com
' V6 q$ s5 q$ ?$ L8 P& s; OPublished: 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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“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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1 {! w/ U. X# t5 K4 hEdmonton-area prices averaged $398,476 for single-family homes and $325,339 for all housing forms.4 O& e$ G% F* n7 A
6 z' n3 b u7 m$ _/ M! X- C7 k, sIn 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./ @, ~3 X4 v3 J- P7 `
: \& a9 S0 n! I1 D/ @* C“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.* W! u& f/ s9 U6 Q' _" e
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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