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Ron Chalmers, edmontonjournal.com$ S2 X/ [5 [" k7 y* q' X
Published: Wednesday, April 04, 2007 V* j- l0 Y$ W0 n
' x' v$ h) t$ F% R/ GAverage house prices have hit half a million dollars in southwest Edmonton and almost $400,000 across the Capital region.
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“It is clear that housing prices have not yet peaked,” Carolyn Pratt, president of th Edmonton Real Estate Board said Wednesday, releasing the March sales figures from the Mutiple Listing Service.& ]/ d5 C9 y8 D6 X! Q" E1 v% E
7 s3 e/ J: c2 r# R0 V5 K$ t; J5 O) MEdmonton-area prices averaged $398,476 for single-family homes and $325,339 for all housing forms.7 w S6 r2 o6 W& t* l* ^
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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./ F7 d1 U0 w1 V& d% I3 @: I
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“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.
1 t, H: K) E1 FAverage 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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