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Ron Chalmers, edmontonjournal.com8 i" R8 t( s) z: ]7 P; ?9 [
Published: Wednesday, April 04, 2007# W) m/ Y, o" _5 R7 N& N
- G, g- `! g) o# g' sAverage house prices have hit half a million dollars in southwest Edmonton and almost $400,000 across the Capital region.1 `5 w0 O) d' p! H+ p
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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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Edmonton-area prices averaged $398,476 for single-family homes and $325,339 for all housing forms.% y) _' z& @' o
, C. G! X" u b8 q. ^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.2 m5 l/ s4 O5 m6 S7 [
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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.: t2 l1 D, Y" A0 Z' ]
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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