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Edmonton& \# z8 B0 h3 B5 [
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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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5 z9 B( M! j; i* Q2 KCondominiums 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 $341,083. 5 ^: X* w7 o5 z1 ^
; r$ e$ m: `+ ~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. 9 C; l2 a- U* E5 a) \" w6 d# G6 K
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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.
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# ^8 ?) D/ j/ j: n0 A1 vThe least expensive areas were central at $285,347, northeast at $338,973, and Stony Plain, $358,182.* e* _- `- V8 r
. k' f2 q: g) V6 y9 y. G; TTotal sales, including residential and commercial, were $982 million, pushing the year to date numbers to more than $3 billion.4 o' Q, y5 l% a0 k1 J$ e4 z
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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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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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