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Ron Chalmers, edmontonjournal.com
! ?( f% o0 ` M# g" l$ O UPublished: Wednesday, April 04, 2007 V5 {' l C, w4 o
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Average house prices have hit half a million dollars in southwest Edmonton and almost $400,000 across the Capital region.$ F3 I' O: o3 J4 ^ O- k
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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.1 D o7 y" O2 H1 F4 }0 A$ r% C
3 B2 h5 b$ r6 E+ |Edmonton-area prices averaged $398,476 for single-family homes and $325,339 for all housing forms.- K& R. H, Z! F: ?
; J; P0 ]+ q* P$ g" v$ tIn 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.
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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.
& d4 p, U7 b3 WAverage 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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