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Ron Chalmers, edmontonjournal.com7 v( B: O4 L3 q" |1 x$ d" |
Published: Wednesday, April 04, 2007* O' ?. m% P% m: A/ _. U
+ M1 K U, c9 i6 {9 L! `/ M5 ^Average house prices have hit half a million dollars in southwest Edmonton and almost $400,000 across the Capital region.4 f, i2 ]6 x: w& a! P/ D! u; o" {" O& j
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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.2 U# v" t# L. D
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Edmonton-area prices averaged $398,476 for single-family homes and $325,339 for all housing forms.
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9 [/ w! V/ T0 }' o4 W" B0 Q6 fIn 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.8 u- V' \5 d' E
- ~+ J# J" L& \6 F: j! M2 C1 O6 d“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.
0 w( P* r+ ~) m; KAverage 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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