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Ron Chalmers, edmontonjournal.com/ h! \, @) L" V4 Y& v
Published: Wednesday, April 04, 2007' d/ _- J6 m2 p% Z8 ~5 z
. d) k0 U2 m3 _Average house prices have hit half a million dollars in southwest Edmonton and almost $400,000 across the Capital region.( _8 ~) P$ n& A$ H; Z7 c
# s. D- o! o9 b! L" ]“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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$ G- l, x5 S4 G1 H% L" sEdmonton-area prices averaged $398,476 for single-family homes and $325,339 for all housing forms." V3 t3 B7 `6 {
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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.2 c% O2 _# V) `9 L: Y
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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.) e/ S# H! f ?# `, | M9 u4 T
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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