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Ron Chalmers, edmontonjournal.com
" J& A6 h8 F4 w3 q. ?; F2 n$ CPublished: Wednesday, April 04, 2007
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0 `- B0 a4 G ]5 p% mAverage house prices have hit half a million dollars in southwest Edmonton and almost $400,000 across the Capital region., p. B- w5 s; j- ?* w. s2 u
) Q* @1 P9 h* w$ k“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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Edmonton-area prices averaged $398,476 for single-family homes and $325,339 for all housing forms.
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8 A# e6 }/ K) \1 o; D; zIn only the first three months of this year, average home prices have climbed 12.4 per cent, so Pratt has abandoned her earlier forecast of a 15 per cent increase for the full year.# a) ?# n8 Q2 `6 V2 M
& \* m0 x$ L; e, s1 q. ]4 ?“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.& g1 [" |6 m: P K3 w( A: F- q
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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