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Ron Chalmers, edmontonjournal.com
k2 Z; {$ h) a) {/ uPublished: Wednesday, April 04, 2007- @2 g5 o3 p) e8 b: d$ D# k) y- z+ M" `
1 \3 B3 d4 f8 W3 z' |4 @Average house prices have hit half a million dollars in southwest Edmonton and almost $400,000 across the Capital region.. b/ Y N, P6 A
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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 $325,339 for all housing forms.; x$ o4 z6 x4 X5 \
1 ~, o( K2 l) b/ v: aIn 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.$ B8 U$ H! r2 J( P' t) k
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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