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Ron Chalmers, edmontonjournal.com
0 J& ?( L0 V: Q7 ^' g9 {8 SPublished: Wednesday, April 04, 20074 p: f0 i+ F8 u. J# |6 u
& R! J4 B/ a& X1 G" YAverage house prices have hit half a million dollars in southwest Edmonton and almost $400,000 across the Capital region.4 S `$ @& u% D" }9 x$ v2 ^6 \. p
2 E+ \1 |1 S: z“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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3 D; U( L6 c- R1 }( ]Edmonton-area prices averaged $398,476 for single-family homes and $325,339 for all housing forms. M" \% t) T1 w9 R& V
' U: W2 a# F$ AIn 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.! m2 m0 s$ z+ |* @
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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.4 V+ ^9 R; f& D; i0 k3 D
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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