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Ron Chalmers, edmontonjournal.com
9 ^3 z( r, H+ D! t. Y" gPublished: Wednesday, April 04, 20079 t2 f9 k+ }) m6 U
9 w" v5 h0 Y, T+ Q$ vAverage 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.3 j! ?; D: i2 o5 u) D# {
$ z# C+ G) N0 U! {Edmonton-area prices averaged $398,476 for single-family homes and $325,339 for all housing forms.9 F9 G) o7 m; |! L7 x4 A- R
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In only the first three months of this year, average home prices have climbed 12.4 per cent, so Pratt has abandoned her earlier forecast of a 15 per cent increase for the full year.5 N* e: o" a* B$ Q9 L: U
u( J& L# t. Q$ q- i" o“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.
- ~7 }/ s z& d3 A9 Q, pAverage 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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