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Ron Chalmers, edmontonjournal.com
' e" S2 T# a! 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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1 P' Q( M: Y- I" y. i* f“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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Edmonton-area prices averaged $398,476 for single-family homes and $325,339 for all housing forms.! v! Q1 s& ?. ~& c! x
5 W- l2 {$ d, Q7 H* S. ^! [5 K5 z- CIn 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.! Y7 E5 B: ]2 k- V0 X# T2 H8 Q5 r
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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.
8 c1 U* w: E; i3 Q0 a$ z2 ~$ w; TAverage 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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