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Ron Chalmers, edmontonjournal.com- L# G9 I2 O( ]8 n( I$ p3 V; ]
Published: Wednesday, April 04, 2007
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' P/ v4 q O- @1 K- F: a# {Average house prices have hit half a million dollars in southwest Edmonton and almost $400,000 across the Capital region.
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3 t: r7 o" o0 u2 k“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.2 c( p& R4 _0 {
2 O- F, q) U3 V" V& hEdmonton-area prices averaged $398,476 for single-family homes and $325,339 for all housing forms.
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In only the first three months of this year, average home prices have climbed 12.4 per cent, so Pratt has abandoned her earlier forecast of a 15 per cent increase for the full year.0 R: E' J' j0 O$ }
" u9 |' i+ d9 W“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.$ f. \8 Z; F3 M8 |: `) Z
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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