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Ron Chalmers, edmontonjournal.com) A& t$ L9 T9 x. D9 I; X
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.
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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., @0 j, R2 v3 b
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Edmonton-area prices averaged $398,476 for single-family homes and $325,339 for all housing forms.. r/ s8 q/ h: d% A0 Z4 M/ B
1 m: W B. x% C) ~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.2 B5 R+ D! [0 H1 L3 e' C
3 g% L0 r: ?0 U" |( h. 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.
0 W3 W8 a! i1 \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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