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Ron Chalmers, edmontonjournal.com
3 ^% }4 z9 h6 [; k$ z: p6 D. |Published: Wednesday, April 04, 20078 b/ _" L2 c Q) f% F" e: ^
' ?3 V4 D- O% a6 |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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Edmonton-area prices averaged $398,476 for single-family homes and $325,339 for all housing forms.* X) Z; Y7 h. i, d- `& Z% ?$ G
& p* f+ T* n" h, {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.8 z; r# z' _" u
' g) I/ T D5 q; j3 j. v“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( C% R S6 _9 L7 v& |
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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