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Ron Chalmers, edmontonjournal.com3 d8 G8 \& B" \& G& T: D. Z6 J
Published: Wednesday, April 04, 2007! r }2 D# `, Y) m
7 `# D+ z, R4 s7 D, E( r# [Average house prices have hit half a million dollars in southwest Edmonton and almost $400,000 across the Capital region.) k+ z+ C8 ~1 H& c$ L, n
) D! A) }, t- j" u4 B) l“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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4 e5 M/ h4 }9 F, ]) h" l: ^Edmonton-area prices averaged $398,476 for single-family homes and $325,339 for all housing forms.6 R7 m) `2 `, @
+ B: V: \+ t! wIn 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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; O J# f/ I8 m5 ^/ ~“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.! v& J/ m; t' F) F
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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