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Ron Chalmers, edmontonjournal.com4 _" e+ A! l2 p {$ o8 m1 [, j
Published: Wednesday, April 04, 2007
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: s% e! K$ ^) \4 Y. m# b3 W: S7 \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./ z5 q7 A3 I0 T2 W" B+ Q
, n! w6 f1 O" t/ M' @# s% kEdmonton-area prices averaged $398,476 for single-family homes and $325,339 for all housing forms.
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- l, M, w+ k3 uIn only the first three months of this year, average home prices have climbed 12.4 per cent, so Pratt has abandoned her earlier forecast of a 15 per cent increase for the full year.+ |9 R- Z8 F5 c" }
+ Z% m1 Q8 H/ F/ a) L“We’re predicting that prices will continue to rise until August, at four to five per cent per month, then at two per cent per month,” she said today.
; T$ e5 U0 ]# `, v( ~! KAverage 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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