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/ {4 j0 l, z6 H5 B$ A6 L* C- TEdmonton) A- n+ z4 F1 m+ A6 _ C% K0 P
0 L, z+ ~1 A9 _! uSingle 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 $265,557.9 y: \4 r' F! I$ v+ f
# r' z2 G# m5 n2 I) E( HCondominiums 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 $341,083. ; D- y8 K, e4 e, v
* Z4 ?/ X! V5 aThere were 3,232 residences listed, 2,441 sold, and inventory increased to 3,151 units. The average time on the market was 22 days.
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. e4 S$ {" B. e4 ?) xThe 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 $294,890.* ~, ~5 Y. F$ _: c1 _( A8 W& e w
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The least expensive areas were central at $285,347, northeast at $338,973, and Stony Plain, $358,182.
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6 `( b% R8 W1 o9 ]& F$ z! rTotal sales, including residential and commercial, were $982 million, pushing the year to date numbers to more than $3 billion.
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# F! S+ W( j' q* l8 PSales of 48 commercial properties totalled $34.8 million, compared with 45 properties valued at $15.7 million in April, 2006.
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0 I/ F+ h2 H3 x. Y7 I; aMore 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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