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/ B& s" k1 R4 }7 w+ T) eEdmonton
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9 V7 q+ C% {3 Q h. `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 $265,557.4 }- j8 b/ i/ i5 _* u& ^
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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 $341,083. e% e$ q& g- x9 s
]7 D( e3 ?5 g5 a, ]6 Z) bThere 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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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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The least expensive areas were central at $285,347, northeast at $338,973, and Stony Plain, $358,182./ T( f, i3 n+ [1 E* E, O0 i# T
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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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) w% |5 I: p+ H1 O* wSales of 48 commercial properties totalled $34.8 million, compared with 45 properties valued at $15.7 million in April, 2006.. N" L" l# U% L7 \& H, d7 c1 q
* e8 ]* l( l8 d ^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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