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Edmonton
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Single 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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) p0 \: D9 T* R9 Y: f: fCondominiums 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 $341,083. ) Q8 L- d$ E' `- d- \' Z1 L' \
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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. # |* D6 W, F ~
7 i. |2 z: U0 T; d2 B$ VThe 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.
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7 M3 A w/ i+ I9 hThe least expensive areas were central at $285,347, northeast at $338,973, and Stony Plain, $358,182.1 N( d) ?$ S% a6 V
4 q" O% B: G1 p J7 uTotal sales, including residential and commercial, were $982 million, pushing the year to date numbers to more than $3 billion.
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[6 G; s. b: D( o/ U: WSales of 48 commercial properties totalled $34.8 million, compared with 45 properties valued at $15.7 million in April, 2006.( r4 ?1 [, \4 Q n& G+ I
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More 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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