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Ron Chalmers, edmontonjournal.com. B( M; ~8 G, p, Q
Published: Wednesday, April 04, 2007
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Average house prices have hit half a million dollars in southwest Edmonton and almost $400,000 across the Capital region.
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$ b; C& W( Z/ b' F7 Z2 A. D“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.3 e0 F* X1 h: o' n G& _3 U- D
2 } y# Y( U- n, H- q2 U; GEdmonton-area prices averaged $398,476 for single-family homes and $325,339 for all housing forms.7 v5 U x- a2 w2 X% n
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In only the first three months of this year, average home prices have climbed 12.4 per cent, so Pratt has abandoned her earlier forecast of a 15 per cent increase for the full year.1 h+ H+ n! T( Q; f% `6 L' C' ]
6 K/ i$ Q4 T. w" A" f1 S“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.+ E% b0 |9 i3 l- q
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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