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Ron Chalmers, edmontonjournal.com$ I, [, f$ s! _ u; Y9 L
Published: Wednesday, April 04, 20077 ]3 M" Y* Y0 V! L" ]9 C
7 a& o; W) ^$ L* YAverage house prices have hit half a million dollars in southwest Edmonton and almost $400,000 across the Capital region.
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. |; x1 ^4 ^0 D6 x7 [“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 $325,339 for all housing forms.
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9 N( L+ ^1 O- Y- a* k* y* FIn only the first three months of this year, average home prices have climbed 12.4 per cent, so Pratt has abandoned her earlier forecast of a 15 per cent increase for the full year.
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“We’re predicting that prices will continue to rise until August, at four to five per cent per month, then at two per cent per month,” she said today." K( ?/ _2 n/ S# u2 R$ y& u
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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