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Ron Chalmers, edmontonjournal.com' d O, H, _ i) F. |" S9 o+ x
Published: Wednesday, April 04, 2007# @9 R2 T! ?3 m: d3 Q4 T8 x7 T
) P& r" }6 z V9 XAverage house prices have hit half a million dollars in southwest Edmonton and almost $400,000 across the Capital region.0 h6 U# j* P. L' t
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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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( m, M, Q2 x9 B* c% ?Edmonton-area prices averaged $398,476 for single-family homes and $325,339 for all housing forms.9 Q+ Z$ F/ _0 n! @3 Z
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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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“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.6 x9 u4 R+ O6 I$ K6 m" ]
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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