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Edmonton( {9 l$ T% v. ]/ p2 p3 J) p
% F5 U, q0 m4 v6 F6 W6 n eSingle 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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X- ^3 r1 s. d, l! z0 cCondominiums 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. $ Q/ K) F! t5 [7 h
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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.
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, \4 u# F& D9 i! w, ]The least expensive areas were central at $285,347, northeast at $338,973, and Stony Plain, $358,182.
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; t- d+ _0 H/ ]# e/ n* l h: `Total sales, including residential and commercial, were $982 million, pushing the year to date numbers to more than $3 billion.
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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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