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Ron Chalmers, edmontonjournal.com
0 ^4 w- x E9 }- K9 @. VPublished: Wednesday, April 04, 2007' ^# q2 X+ j g& Y
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Average house prices have hit half a million dollars in southwest Edmonton and almost $400,000 across the Capital region.
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6 M3 [5 }/ {3 u& }“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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! V) K' q& V8 M6 j& {1 N" `Edmonton-area prices averaged $398,476 for single-family homes and $325,339 for all housing forms.
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+ O: Z2 @2 C' q: i9 ~8 DIn only the first three months of this year, average home prices have climbed 12.4 per cent, so Pratt has abandoned her earlier forecast of a 15 per cent increase for the full year.- h, l% d) u; x" u
9 U$ G2 C0 M0 G7 g/ b% k“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.5 r [: [6 L0 c) F/ t8 p' Q3 ~
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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