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Ron Chalmers, edmontonjournal.com
" N* G: u0 _0 L3 }4 SPublished: 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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. y- W- m8 i4 }7 w. L, o5 t. R“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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. J2 O5 k& v2 t4 [- z+ j& o8 JEdmonton-area prices averaged $398,476 for single-family homes and $325,339 for all housing forms.% R* V$ ?7 L( P e. k/ y
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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.2 Y8 d# q9 O! k3 r& n) o3 _& Y
! m- a0 C. r- L# 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.5 C9 |- i" b8 E4 X8 [) E7 H# J
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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