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Ron Chalmers, edmontonjournal.com
4 k Z. O( W, U) gPublished: Wednesday, April 04, 2007
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4 J- D, k: b/ v3 X2 ^ V% b( e aAverage house prices have hit half a million dollars in southwest Edmonton and almost $400,000 across the Capital region.
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" B( t& H1 o' S+ ~( _“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.: ]& b& y5 S b) l7 k
$ q- e9 [0 B6 A" aEdmonton-area prices averaged $398,476 for single-family homes and $325,339 for all housing forms.0 A/ Q. g; v- ]4 u) E
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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.4 g0 @" T4 G7 k3 |( E+ [
' i. a2 W& F8 e/ \6 [ z“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.7 [) e% q9 L; Q7 G2 M0 \1 U0 H
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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