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Ron Chalmers, edmontonjournal.com( Z( d3 M* @6 R# E
Published: Wednesday, April 04, 2007
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6 ? F4 g1 L q: q" b: d7 YAverage house prices have hit half a million dollars in southwest Edmonton and almost $400,000 across the Capital region.
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- p/ F" ? z0 A4 @! @“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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& W! A4 T& L3 EEdmonton-area prices averaged $398,476 for single-family homes and $325,339 for all housing forms.% a. q# i0 T# c5 N! \. ]8 @9 c! y
0 i3 | p1 R7 V! b4 xIn 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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“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.
* k9 ^. g. l2 c( u RAverage 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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