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Ron Chalmers, edmontonjournal.com
- J( Y# Z7 `1 [( l, sPublished: Wednesday, April 04, 2007
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Average house prices have hit half a million dollars in southwest Edmonton and almost $400,000 across the Capital region.
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$ J$ N# o( p/ r! Q! l1 h& L“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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Edmonton-area prices averaged $398,476 for single-family homes and $325,339 for all housing forms.
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$ }6 L' a( f' Q j, z6 ]- S# jIn 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.
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, a' v3 d# j0 N8 K“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.4 L* ^3 Y+ p! U* e X
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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