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Edmonton. H2 {/ ^2 L8 N; W; e# e8 A) q
" m- W2 d2 H' g. V! [4 XSingle 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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) s) Q: U3 e0 k. qCondominiums 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 $341,083. / W8 I/ D. Q$ J, a. p4 P5 j- ` M
# {/ J) W* w8 d1 _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. , U6 P k1 T" L6 i
" g" M) n; W' |# x# f2 {; 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 $294,890.1 M: f' D$ @ w# n Y2 [. o& z
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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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* n7 ?( z8 t6 TTotal sales, including residential and commercial, were $982 million, pushing the year to date numbers to more than $3 billion.! m/ w! h; F' s' o( r; i
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Sales of 48 commercial properties totalled $34.8 million, compared with 45 properties valued at $15.7 million in April, 2006.4 ?6 o Y% n. `% n, P4 [
' ~4 ~/ t8 A m+ nMore 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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