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Edmonton! o. V1 O# u9 D I& l
T$ T, I# t R3 P2 F; `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 $265,557.5 L- ~) n; Z* e
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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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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 $294,890.1 w c W5 l8 l* T' L; m" o5 p
/ h& b8 W# q5 t* nThe least expensive areas were central at $285,347, northeast at $338,973, and Stony Plain, $358,182.' T3 N( J3 Q% H9 `
: D( S( T A" ?. c' v }$ aTotal 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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d2 B# R* S0 WMore 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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