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Ron Chalmers, edmontonjournal.com: Z* p6 d7 P* L9 l# Y
Published: Wednesday, April 04, 2007
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( d2 I3 p+ e# l5 rAverage house prices have hit half a million dollars in southwest Edmonton and almost $400,000 across the Capital region.8 p) ?% \$ A+ q/ @$ j& \
6 z1 w2 T0 T$ q5 V“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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! Q) a4 `5 ^0 J6 Q0 _6 _Edmonton-area prices averaged $398,476 for single-family homes and $325,339 for all housing forms.7 e v, f( V8 B% w* S; I
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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.
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: e) L6 L# W0 H) \ z2 J“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.
, H' w& b' D4 ^% d+ s1 H' g8 P, AAverage 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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