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Ron Chalmers, edmontonjournal.com
9 T- h& L# |6 n0 d4 @7 SPublished: Wednesday, April 04, 20074 L: d: o2 D. O" X/ a3 S# Q
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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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/ L4 R. D- ^1 z' N8 ^Edmonton-area prices averaged $398,476 for single-family homes and $325,339 for all housing forms.
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7 k7 K9 ~! q) yIn 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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“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.
3 p+ d7 v) ?: V! F: u0 fAverage 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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