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Ron Chalmers, edmontonjournal.com
& H; r7 D' F4 v$ QPublished: Wednesday, April 04, 20077 [ }7 J) T5 H/ u
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Average house prices have hit half a million dollars in southwest Edmonton and almost $400,000 across the Capital region.; @) [* n. D; {* d! g6 \, ^* i
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“It is clear that housing prices have not yet peaked,” Carolyn Pratt, president of th Edmonton Real Estate Board said Wednesday, releasing the March sales figures from the Mutiple Listing Service.
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7 f$ d# ^$ a( y% E" f& ^- XEdmonton-area prices averaged $398,476 for single-family homes and $325,339 for all housing forms.
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6 c( R! w/ |( N1 n3 ]; Y/ P1 @In only the first three months of this year, average home prices have climbed 12.4 per cent, so Pratt has abandoned her earlier forecast of a 15 per cent increase for the full year.* x9 f2 N: R! t: n3 a. p
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“We’re predicting that prices will continue to rise until August, at four to five per cent per month, then at two per cent per month,” she said today.* w, \7 _9 k' l! ^$ }8 X" [' ~
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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