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Ron Chalmers, edmontonjournal.com
. x' u1 ] e3 s: JPublished: Wednesday, April 04, 20075 }5 s5 E! v5 P- U
# C. M3 z& {. w2 CAverage house prices have hit half a million dollars in southwest Edmonton and almost $400,000 across the Capital region.8 [) t" P& L6 c" }0 D0 y, A
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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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; F) P5 V* u- NEdmonton-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.# `/ r+ h/ }/ u, t
8 \: `* ?1 |% B l( }6 P# L3 u“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.
: b4 A; N+ h( P* TAverage 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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