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+ v8 |2 N% c3 W7 cEdmonton. P; F, J& ]9 g% ~2 e. E
8 w' a f; `) F# M, kSingle 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 $265,557./ h5 b7 q7 g- ]3 y$ `' O6 I
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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 $341,083. & Q+ I& I- `7 l" F. q6 P7 p
6 Q/ c% k0 t/ _: x5 y. _3 eThere were 3,232 residences listed, 2,441 sold, and inventory increased to 3,151 units. The average time on the market was 22 days. ; B d. E1 I9 z1 U# ^$ q9 P' L& b
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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 $294,890.9 B9 T/ ~' [3 H' p& [- z9 I: l6 m& z
7 P4 Y( ]; W2 ~) \1 o' c6 BThe 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.
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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.
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/ E+ ~, J) N8 B( F8 Q% 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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