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Ron Chalmers, edmontonjournal.com
8 ~' i5 F8 e- k) a5 ?, H0 c7 b9 L% KPublished: Wednesday, April 04, 2007) W7 w: m8 K( e) q! T
/ i7 u$ [& G1 p8 P% L. }' F1 eAverage house prices have hit half a million dollars in southwest Edmonton and almost $400,000 across the Capital region.
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# k$ o% T8 q+ s0 e5 g“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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h& t# Z2 o) H U* xEdmonton-area prices averaged $398,476 for single-family homes and $325,339 for all housing forms.
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In only the first three months of this year, average home prices have climbed 12.4 per cent, so Pratt has abandoned her earlier forecast of a 15 per cent increase for the full year. L+ x# w1 W$ Z1 ?6 s* m- b
2 i( b3 o* F6 V' ]+ p" ~“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.# `- s) k( r. r, i$ X
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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