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Edmonton+ S1 e. D/ M6 D& Q3 Z
/ O8 d4 O& J' ?4 B' WSingle 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 $265,557.# Y+ Q* G9 n$ E1 C. k
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Condominiums 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. 7 R! q" q# w+ \- T) g2 \
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There 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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The 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 $294,890.0 h% `6 \2 ]% z9 s1 y
! f- m, X. U7 r1 K$ V) ]# d) t& H5 ?" zThe least expensive areas were central at $285,347, northeast at $338,973, and Stony Plain, $358,182.! l" |8 `% c5 b2 t* ]
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Total sales, including residential and commercial, were $982 million, pushing the year to date numbers to more than $3 billion.
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Sales of 48 commercial properties totalled $34.8 million, compared with 45 properties valued at $15.7 million in April, 2006.5 S2 ]- d1 c5 r; z8 }5 d
! H: W& v# y1 u1 b- O4 lMore 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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