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n$ j2 g* u: {. eEdmonton- ?: {. M+ n0 s' Y" o6 `
) {/ C% V+ ]. \ ?$ W7 dSingle 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 $265,557.4 m; z/ M, b4 y1 o2 t4 i. c
- E5 |" ?( x5 B- w( l6 RCondominiums 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 $341,083.
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There were 3,232 residences listed, 2,441 sold, and inventory increased to 3,151 units. The average time on the market was 22 days. ! }# M, Y5 U$ C* d
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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.% U) ]6 p/ n9 |; C
8 {9 H. V- E9 F3 s3 p* f' h8 O& ]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.6 V3 P6 M7 W% k" i
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Sales of 48 commercial properties totalled $34.8 million, compared with 45 properties valued at $15.7 million in April, 2006.
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& `* z$ r& h6 \% OMore 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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