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Ron Chalmers, edmontonjournal.com
' R2 H c2 f( y2 N: o% l4 pPublished: Wednesday, April 04, 2007, E3 C; x6 G! t, j
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Average house prices have hit half a million dollars in southwest Edmonton and almost $400,000 across the Capital region.( g$ R) d, F0 k. B
' d0 n7 B. B7 `“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.( b% |6 \% i( t9 y* V& h3 _
8 S, K* a1 G9 ]* R* W9 j9 AEdmonton-area prices averaged $398,476 for single-family homes and $325,339 for all housing forms.
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& W/ }, J5 E/ P, w( f- T4 rIn 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: v' k9 v; _: S# }2 I9 S. Y+ p“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.5 T& x4 \) z7 k+ v4 K
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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