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Ron Chalmers, edmontonjournal.com7 b- _7 w, U" M
Published: Wednesday, April 04, 2007
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Average house prices have hit half a million dollars in southwest Edmonton and almost $400,000 across the Capital region.( t4 c( h; E; M$ p u- [- X8 S; z
0 c# z* m/ R" @* ~- ~6 C“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 $325,339 for all housing forms.) o( B* |/ }% J" F
! E* V) ], l, QIn only the first three months of this year, average home prices have climbed 12.4 per cent, so Pratt has abandoned her earlier forecast of a 15 per cent increase for the full year.* ~1 p$ X0 p1 x. c6 D+ M
! T/ M9 `% a" N! B“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.
9 ^ D- {' K) W7 H* nAverage 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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