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Ron Chalmers, edmontonjournal.com; e2 A" z/ {) Y4 k
Published: Wednesday, April 04, 2007
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5 F3 \ _1 E2 Y: \4 d% cAverage house prices have hit half a million dollars in southwest Edmonton and almost $400,000 across the Capital region.9 o- m1 i' b7 n1 p' N
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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.- ~7 ` C) K4 J
0 m c' {; g7 u3 D' j, CEdmonton-area prices averaged $398,476 for single-family homes and $325,339 for all housing forms.+ |$ H( z; b6 f/ E1 t. @! o; a
+ [' B3 S% n4 P* G9 m' ]+ c; G0 rIn 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.3 P9 f- n5 ~: j& \: K+ t; k' X
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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