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Edmonton$ a' y7 @, J. S* I* E* V6 u
' |* n% G) _- sSingle 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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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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- C+ e, g7 d6 N4 W3 ~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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3 n9 {; w# B) u8 }' u! T7 i2 jThe 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.) _. J6 [) x- F9 u4 L" Q1 G
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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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4 M7 D" C1 Z% W) @' L, KTotal sales, including residential and commercial, were $982 million, pushing the year to date numbers to more than $3 billion.
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, P: K* d1 U7 ~Sales of 48 commercial properties totalled $34.8 million, compared with 45 properties valued at $15.7 million in April, 2006.
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$ _6 E P" u0 k5 ~2 r: a4 cMore 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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