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Ron Chalmers, edmontonjournal.com
/ Y$ z* n H s5 g5 k$ JPublished: Wednesday, April 04, 2007
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; R0 e3 I4 f, I. G7 h! F1 tAverage house prices have hit half a million dollars in southwest Edmonton and almost $400,000 across the Capital region.& J2 j+ Y2 W2 \7 \0 }8 R
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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.& x/ u7 Z3 u4 R2 H) W
* G- U7 B( T4 u( _* `3 ~Edmonton-area prices averaged $398,476 for single-family homes and $325,339 for all housing forms.
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$ m7 ?: m, O6 S6 M5 g2 z$ {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 ]# N% g: J, v% u
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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.! o5 o/ Z2 H- A: n0 i8 S! t
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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