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! Z- \. M0 B! E y1 i; jSingle 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 $265,557.2 w* q1 d0 l7 T5 y+ j5 r. Z
% e3 d. J* w5 A" z' A. sCondominiums 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.
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5 i5 ]4 V# U& Q# N: OThe 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 $294,890.6 ~8 q8 l' F5 p- z K+ ^7 ]4 t
5 Z' r9 a$ I$ g0 } TThe least expensive areas were central at $285,347, northeast at $338,973, and Stony Plain, $358,182.' B f: X1 Y, X% ]$ ?
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Total sales, including residential and commercial, were $982 million, pushing the year to date numbers to more than $3 billion.
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6 S1 Y$ w5 h" i8 s; }8 RSales of 48 commercial properties totalled $34.8 million, compared with 45 properties valued at $15.7 million in April, 2006.' U) s- y4 { A0 z$ [
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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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