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Ron Chalmers, edmontonjournal.com
# K/ y6 w5 f) zPublished: Wednesday, April 04, 2007
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: y* m& ]3 r) u3 dAverage house prices have hit half a million dollars in southwest Edmonton and almost $400,000 across the Capital region.
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& U" i8 k& U N* I* K“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.* l/ c( u- d4 K' {7 m
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Edmonton-area prices averaged $398,476 for single-family homes and $325,339 for all housing forms.2 o- x! d" i- R# n
$ j' [1 f t( S( U. O' kIn 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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" v# w$ V6 ~7 z: Q9 L' w“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 \, M8 N/ E$ S9 w8 V3 b3 iAverage 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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