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Ron Chalmers, edmontonjournal.com5 _) \6 [% }6 a3 Y& [
Published: Wednesday, April 04, 20074 F9 C* S4 [8 ?4 b6 q% k* r2 H
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Average house prices have hit half a million dollars in southwest Edmonton and almost $400,000 across the Capital region.8 f" E, x, v) c! _7 k8 k) [, M
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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.( s; c6 ^* Q0 t/ [/ K% o# v6 _" t
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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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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.
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3 L( O1 {( c5 H( p7 k3 \. f“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.
& U! J4 u w' ]2 B9 N* d. HAverage 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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