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Ron Chalmers, edmontonjournal.com" o4 U. s6 o# N3 i" Q7 M- z1 ?6 D
Published: Wednesday, April 04, 2007
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7 x% G5 S" N f4 }& k) Q( ~Average house prices have hit half a million dollars in southwest Edmonton and almost $400,000 across the Capital region.
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. R5 Y: h% P3 Z# ]“It is clear that housing prices have not yet peaked,” Carolyn Pratt, president of th Edmonton Real Estate Board said Wednesday, releasing the March sales figures from the Mutiple Listing Service.1 V& `0 L7 d4 e" t, s+ f/ Y
. Z1 b- K+ r( W5 P" k$ P* REdmonton-area prices averaged $398,476 for single-family homes and $325,339 for all housing forms.+ p( E4 D$ H3 f; ~& P5 S
0 f' P! P I7 ?! MIn 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# _0 A& A: [- Q% L, L“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.7 U/ n! j" [3 n1 w1 r6 d! q
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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