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Ron Chalmers, edmontonjournal.com
- k4 v8 W C9 APublished: Wednesday, April 04, 20074 ~: t" D3 x0 T; A- x& z6 `
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Average house prices have hit half a million dollars in southwest Edmonton and almost $400,000 across the Capital region." M' ]/ w; ~$ ?% f; Y* w4 ^
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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.- I% O3 d h3 j" ~9 @8 I
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Edmonton-area prices averaged $398,476 for single-family homes and $325,339 for all housing forms.
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% U& q% c$ P& q. k. AIn 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( I, k2 i1 }6 r
0 d. e, \- y- o# a4 T6 a. [. w: t“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.
' H, p$ G% c9 z8 ^2 {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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