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Ron Chalmers, edmontonjournal.com
! G. B g, i6 n) QPublished: Wednesday, April 04, 2007. W7 a) s$ L2 K! R' C$ }) x- X4 I9 z
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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.
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2 L, _0 U; P7 C9 `" O) v9 I8 oEdmonton-area prices averaged $398,476 for single-family homes and $325,339 for all housing forms.- Y$ ~* ?, t# l2 s- m+ p
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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.7 M1 D0 @1 \4 i8 s1 ^0 t
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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.6 k+ P5 X7 Y# ]3 q/ y- D
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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