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Ron Chalmers, edmontonjournal.com8 B- \4 F3 Z# p2 Z( a) }
Published: Wednesday, April 04, 2007
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Average house prices have hit half a million dollars in southwest Edmonton and almost $400,000 across the Capital region.
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“It is clear that housing prices have not yet peaked,” Carolyn Pratt, president of th Edmonton Real Estate Board said Wednesday, releasing the March sales figures from the Mutiple Listing Service.% g' f$ T% b3 {' D# l6 `
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Edmonton-area prices averaged $398,476 for single-family homes and $325,339 for all housing forms.( K |( g" U6 H
8 q% I5 A$ Z2 f/ p/ f- g0 OIn 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.' B6 f0 w+ X" q: a4 n" d/ I
5 O* Z+ \: g7 i; O“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.! Y% ]$ S: ]7 w) t) p/ F
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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