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Ron Chalmers, edmontonjournal.com1 A/ X7 h# A+ k3 C" s
Published: Wednesday, April 04, 2007' z8 W1 ?5 X6 W
& {7 \. b7 O3 o" i" R0 D* }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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k: [8 ?/ L) x( f4 }5 d! @) m& OEdmonton-area prices averaged $398,476 for single-family homes and $325,339 for all housing forms.7 q1 `. D* a/ C- D$ }7 _% d9 c) L
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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.
. W' X' J' ^0 \7 l# b0 t ZAverage 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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