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' S3 L# q3 w$ dSingle 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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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.
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- t. D4 @' b* a+ w( |% F1 EThere were 3,232 residences listed, 2,441 sold, and inventory increased to 3,151 units. The average time on the market was 22 days. & f7 m6 u2 F' h) x s7 ~
7 Y, |8 o" E8 V) p% s, x) e0 HThe 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 $294,890.1 I6 A4 a9 q z" f
8 B" G# N9 Q# yThe least expensive areas were central at $285,347, northeast at $338,973, and Stony Plain, $358,182.
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) D. Q I1 Z6 G3 C" ^8 BTotal sales, including residential and commercial, were $982 million, pushing the year to date numbers to more than $3 billion.3 d# p @3 Q; l5 e/ j
( t! Z1 n3 f" [- K. |0 qSales of 48 commercial properties totalled $34.8 million, compared with 45 properties valued at $15.7 million in April, 2006.6 T# O9 r2 f& ^$ @8 H' R$ a5 V
8 J$ |8 |: O8 o! jMore 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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