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Ron Chalmers, edmontonjournal.com
( H. y5 q4 R, CPublished: Wednesday, April 04, 2007: A& m3 v' H# V1 \# r
o' a: a+ A. G4 s9 f" ]! ZAverage house prices have hit half a million dollars in southwest Edmonton and almost $400,000 across the Capital region.& ~$ t1 w# A& b7 [' O n9 f
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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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Edmonton-area prices averaged $398,476 for single-family homes and $325,339 for all housing forms.6 S# o1 F& ?' F K5 o7 A' U7 l' G
- `: O1 a- @- P9 _! y) `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.
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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.
4 T" S& L) J2 s+ T3 q" E% D6 kAverage 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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