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Ron Chalmers, edmontonjournal.com/ F* W* B3 k- ^3 U8 n
Published: Wednesday, April 04, 2007) S3 n3 y( S, [, ^( X
" j/ K, t) |8 L8 U5 hAverage house prices have hit half a million dollars in southwest Edmonton and almost $400,000 across the Capital region.; R& e8 l$ u! J* k
F' [3 g1 N# F“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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" |0 @0 t8 K/ C8 C+ ~2 sEdmonton-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.6 R5 f# [ l4 o
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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.
( Y' @! `2 I0 p4 KAverage 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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