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Ron Chalmers, edmontonjournal.com
L6 f) f% `1 C4 L" O$ _Published: Wednesday, April 04, 2007
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/ m! {/ p( u$ k; AAverage house prices have hit half a million dollars in southwest Edmonton and almost $400,000 across the Capital region.
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“It is clear that housing prices have not yet peaked,” Carolyn Pratt, president of th Edmonton Real Estate Board said Wednesday, releasing the March sales figures from the Mutiple Listing Service.
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3 O% t! i7 M4 L( X0 s& g( L$ ]Edmonton-area prices averaged $398,476 for single-family homes and $325,339 for all housing forms.% ~4 }+ q. }8 t$ Y2 u
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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., i- x7 `. T( {7 q
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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.. P4 Y8 K7 R: v& \4 v7 A) g
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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