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Ron Chalmers, edmontonjournal.com
0 G# u. T$ Q2 z. I4 G1 s% LPublished: Wednesday, April 04, 2007+ _' ^* E5 A) f, a' Q0 T6 L
* _& P6 [1 J6 A2 z) G; N% BAverage 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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- C1 \; ?# x2 z) S8 @4 I8 sEdmonton-area prices averaged $398,476 for single-family homes and $325,339 for all housing forms.
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In only the first three months of this year, average home prices have climbed 12.4 per cent, so Pratt has abandoned her earlier forecast of a 15 per cent increase for the full year.+ \5 l2 F$ \9 ]
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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.
( ^$ Y c# I* hAverage 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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