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Ron Chalmers, edmontonjournal.com
+ d9 K- o' V H2 \Published: Wednesday, April 04, 2007
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# X+ J: \& s0 [% Q' J" VAverage 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.8 a% d2 Y9 W* B
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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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7 U0 M# k9 i6 M/ E# pIn 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.5 c; v/ {" W: Y. o8 P a, s2 X
7 X" t7 {2 L' q1 P# {“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.5 X( ^& I, z. h' P
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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