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Ron Chalmers, edmontonjournal.com
! d+ S" `8 F+ ?; I8 y( TPublished: Wednesday, April 04, 2007
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Average house prices have hit half a million dollars in southwest Edmonton and almost $400,000 across the Capital region.# S$ n, A( v) h1 F; 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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* J7 @! E% @) i9 K2 \1 ]( WEdmonton-area prices averaged $398,476 for single-family homes and $325,339 for all housing forms.. y$ w B2 L, }) I
& N1 u: Q+ Z; e3 H: p$ H+ u9 qIn 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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8 N+ X& P) `" `- G“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 s* o: ^# \4 Z) \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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