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Ron Chalmers, edmontonjournal.com
5 H5 D" T* z! G9 ?Published: Wednesday, April 04, 2007- g* `9 ~: }! e, Z" ^4 X$ U$ W* @
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Average house prices have hit half a million dollars in southwest Edmonton and almost $400,000 across the Capital region.! o4 c. [) _/ b9 ]
( c. ^) ]* _- t6 _2 D1 J“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 $325,339 for all housing forms.
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; C" q( I$ Y2 xIn 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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1 q7 `) p8 o, h6 Y“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 \% F' u! [5 cAverage 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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