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Ron Chalmers, edmontonjournal.com
: a& U. ?! z d6 c" X' w# iPublished: Wednesday, April 04, 2007
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- X" o$ c2 \, pAverage house prices have hit half a million dollars in southwest Edmonton and almost $400,000 across the Capital region.
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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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4 r+ w2 m# {: B( F. IEdmonton-area prices averaged $398,476 for single-family homes and $325,339 for all housing forms.
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( R, Y) ~4 a( l' P) }! FIn only the first three months of this year, average home prices have climbed 12.4 per cent, so Pratt has abandoned her earlier forecast of a 15 per cent increase for the full year.$ o1 f; @1 ?, v3 D8 _
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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.
7 _/ b7 U+ x0 t; tAverage 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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