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Ron Chalmers, edmontonjournal.com* a' E( [' }5 V7 l, o2 Q5 n3 D
Published: Wednesday, April 04, 20074 t6 X: k( D2 E/ o
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Average house prices have hit half a million dollars in southwest Edmonton and almost $400,000 across the Capital region.. S& D+ w4 g' n
+ ^% ^9 r( x" ~“It is clear that housing prices have not yet peaked,” Carolyn Pratt, president of th Edmonton Real Estate Board said Wednesday, releasing the March sales figures from the Mutiple Listing Service.+ W: t, k6 y L# T$ n
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Edmonton-area prices averaged $398,476 for single-family homes and $325,339 for all housing forms.
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In only the first three months of this year, average home prices have climbed 12.4 per cent, so Pratt has abandoned her earlier forecast of a 15 per cent increase for the full year.- h$ Q" t- o( _
2 P6 _* u. r; ]+ N“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.& O( ^7 R- H4 `& P( q9 ^0 b4 K9 w
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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