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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 $265,557.3 I) {5 ?" E8 ^. U
) H5 M( C: |3 uCondominiums 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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- b- U) }! F- E0 `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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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 $294,890.3 J$ B% o7 m; Q( o2 x
' w: k @; E7 F% {2 wThe least expensive areas were central at $285,347, northeast at $338,973, and Stony Plain, $358,182.. [9 E8 S6 O* x* S6 }. k2 p
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Total sales, including residential and commercial, were $982 million, pushing the year to date numbers to more than $3 billion.1 D8 J) P4 ]' i: S0 G/ y
' t7 b6 E0 B6 F7 z2 {0 x, u- `* N3 jSales 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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