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Edmonton8 f) a( q) j/ F( J( p( B
7 J- F3 K O s, k3 T8 t4 L: {& QSingle 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 $265,557.! b3 X( J3 Q& q+ I* T) k$ K+ M
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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 $341,083.
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There were 3,232 residences listed, 2,441 sold, and inventory increased to 3,151 units. The average time on the market was 22 days. W; k' _/ Q% t9 b* y1 M! {
9 M$ L, T, ?3 B0 |1 H) {; S) rThe 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 G9 L) c+ s6 i# L0 O& h) N
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The least expensive areas were central at $285,347, northeast at $338,973, and Stony Plain, $358,182.% ?1 A9 _2 F5 p
( T ~' d0 Y, _/ u( j+ A. ?Total sales, including residential and commercial, were $982 million, pushing the year to date numbers to more than $3 billion.
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4 C" v5 }4 Z& L# Q0 NSales of 48 commercial properties totalled $34.8 million, compared with 45 properties valued at $15.7 million in April, 2006.# _& t, _" N$ X& d3 h9 `' p! a
: o( A3 _, T- Z5 P* _4 uMore 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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