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Ron Chalmers, edmontonjournal.com
) m& O$ Z0 u. g% f! Q/ G4 r Q( PPublished: Wednesday, April 04, 2007% B1 q" [/ Y+ d& c# k+ `" @, O, P
1 X: s- b$ e' R# F VAverage house prices have hit half a million dollars in southwest Edmonton and almost $400,000 across the Capital region." C' d) O( z: w9 Y" F* Y
5 u3 \+ g1 A/ { \“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.& H8 }2 E: p# o7 f3 C
( u* I3 e% X/ Z R7 P n7 Y7 fEdmonton-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.
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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.
; B1 K" e' E8 r: o! H" {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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