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Ron Chalmers, edmontonjournal.com2 E3 t9 J1 k) M! q8 a. ^- C- d7 L
Published: Wednesday, April 04, 2007; C7 C( b: V# a: c, h( d" X, d2 C
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Average house prices have hit half a million dollars in southwest Edmonton and almost $400,000 across the Capital region.8 K% \' c+ Z& [4 Y' E; ?
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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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, F% R, x6 N7 ?- n. w0 N/ M. ?Edmonton-area prices averaged $398,476 for single-family homes and $325,339 for all housing forms.6 `8 O4 h% U6 m0 v2 V: @
4 K+ c8 V( G% t2 EIn 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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' I/ e* `0 L& K0 [% n“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.
" o+ X1 n7 O9 M) tAverage 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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