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Ron Chalmers, edmontonjournal.com
, s% y( Y) v S1 ^! m" }% P# n) sPublished: Wednesday, April 04, 2007- F7 s" h) i: e u
T( {( i* L+ Z' q0 }' P1 uAverage house prices have hit half a million dollars in southwest Edmonton and almost $400,000 across the Capital region.- Z. Z7 @& f' v" _
' G+ r0 z: n0 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 $325,339 for all housing forms.; ^1 m: E+ y0 M7 { ^
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In only the first three months of this year, average home prices have climbed 12.4 per cent, so Pratt has abandoned her earlier forecast of a 15 per cent increase for the full year./ x$ r- \! ~2 m( \
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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.; L# f" X% j) T& ^1 Y" c3 R1 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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