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Ron Chalmers, edmontonjournal.com
% \- h' y. D' x$ sPublished: Wednesday, April 04, 2007
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Average house prices have hit half a million dollars in southwest Edmonton and almost $400,000 across the Capital region.( A# }6 X& B( |6 }4 s8 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." f/ v( P% H* B2 u
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Edmonton-area prices averaged $398,476 for single-family homes and $325,339 for all housing forms.9 A F, ~6 E% m) U" W+ K: v
% ^/ G3 ~$ Q5 q0 H, s/ V- LIn 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.1 G: S, m1 N# U! G4 a0 \
" |7 t j5 y! L# c9 g0 V9 K3 G/ q“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.
6 R0 D; k8 w9 \) O" K9 S+ oAverage 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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