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Ron Chalmers, edmontonjournal.com' f2 O& x. W- A: {- b+ p
Published: 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.. p I* }) t- E* H3 H
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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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% I" P+ x' g* h5 X4 G" KEdmonton-area prices averaged $398,476 for single-family homes and $325,339 for all housing forms.( u* y: v) [: K8 r& x
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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./ _0 B; ~3 c9 w O n
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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.
3 W0 Q) m( A" Q5 h% s4 t6 yAverage 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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