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1 f6 Z# l D3 f) j% WEdmonton f; a. e+ S) D
6 t1 n) D! g) R1 j! LSingle family homes sold through Multiple Listing Service averaged $413,488 in April — 3.77 per cent higher than March, when prices had increased 6.7 per cent over February. The average price a year ago was $265,557.
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% H( u" U6 Z9 Y* D! h* [0 UCondominiums jumped 5.8 per cent after a slight drop in March to average $261,044, while duplex and row house prices were up 5.49 per cent to $341,083.
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+ x5 X6 M4 t; ]; s. O* ?2 \- wThere were 3,232 residences listed, 2,441 sold, and inventory increased to 3,151 units. The average time on the market was 22 days.
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# A1 g% w+ s/ l( h# p9 P5 @- A% X# p9 `/ eThe southwest continued to boast the highest single family home prices at $534,760, up from $368,846 in April last year. St. Albert was at $491,616, up from $308,625, while West End prices were $479,477, up from $294,890.% X+ v% C# y2 \: s* W9 t9 R
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The least expensive areas were central at $285,347, northeast at $338,973, and Stony Plain, $358,182.
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Total sales, including residential and commercial, were $982 million, pushing the year to date numbers to more than $3 billion.4 M9 E" ?/ a, ^2 R3 K9 v
9 C4 L6 r4 |% fSales of 48 commercial properties totalled $34.8 million, compared with 45 properties valued at $15.7 million in April, 2006.1 A( x4 R. d- m# O" i
( a# {4 n& e& e/ m. [More than 30 per cent of last year’s home sales were in the second “moving" quarter and Pratt expects that to continue despite the price increases. |
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