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Ron Chalmers, edmontonjournal.com; K/ m( N% z3 I% E6 n1 B
Published: Wednesday, April 04, 2007" w! e( p7 V& W" ?1 `' \( W
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Average 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. Y* R' ], D4 e6 }
2 t1 ?' \$ x8 B0 f6 b( ~' c/ REdmonton-area prices averaged $398,476 for single-family homes and $325,339 for all housing forms.8 N* j8 D; @; G; c
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In only the first three months of this year, average home prices have climbed 12.4 per cent, so Pratt has abandoned her earlier forecast of a 15 per cent increase for the full year., o% ]' C* [6 e4 c% T2 [# ]
9 h k$ k# A( M3 L" H S: \“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.6 H' m4 n9 [7 i9 u8 w' c+ }4 c
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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