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Ron Chalmers, edmontonjournal.com" s3 ?" S& J& F# o
Published: Wednesday, April 04, 2007
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Average house prices have hit half a million dollars in southwest Edmonton and almost $400,000 across the Capital region., E! Q0 r. B; Y' j
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“It is clear that housing prices have not yet peaked,” Carolyn Pratt, president of th Edmonton Real Estate Board said Wednesday, releasing the March sales figures from the Mutiple Listing Service.$ z N1 h4 d+ @2 ?
$ d2 N B# L) b5 s/ ~1 JEdmonton-area prices averaged $398,476 for single-family homes and $325,339 for all housing forms.$ {+ B- _2 k; \- E) a0 |
, R' d* B+ C5 V; \, jIn 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.3 q9 O1 X' i7 y& Q* ]8 m9 P
7 {) x. L! t' S2 \“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.
/ Z2 W" a; \' D# x) u4 P( U. `! 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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