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4 w' \& w9 U. D" o9 |& P: `2 K# }1 \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 $265,557.* y- `" @. J! Z' v8 t
0 M' C$ m( h T% K; OCondominiums 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 $341,083. . G) P; w* `# l m$ M* y
5 ~; o+ ?4 _' d# f& ]8 H7 tThere 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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; W; i0 n! s1 Y! C* Y7 uThe 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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* Z8 D' f. x9 l- DThe least expensive areas were central at $285,347, northeast at $338,973, and Stony Plain, $358,182.! U- |$ w$ {. L% I0 [
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Total sales, including residential and commercial, were $982 million, pushing the year to date numbers to more than $3 billion.. S6 `3 i" n3 X1 g
) P. {* E# U' `: Z) m* X ISales of 48 commercial properties totalled $34.8 million, compared with 45 properties valued at $15.7 million in April, 2006.8 v% ]6 _7 Y% d& q
. m. I2 L3 E1 n% a- I+ [0 YMore 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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