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. _# h# G/ K+ E, u7 a& QEdmonton- f u: ]) d! }1 @* H' m9 v8 j4 l
! H* |& I! e4 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.. e0 K0 H2 [' t* j
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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. + z3 N* \" ~8 s6 r+ f6 ^/ c
7 D0 `6 L! I+ O9 W4 O* [. q' qThere were 3,232 residences listed, 2,441 sold, and inventory increased to 3,151 units. The average time on the market was 22 days. & I5 m8 r+ \7 G" j5 [
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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 $294,890.( j$ c. x$ p3 ?6 t2 H& ?
3 e# `' @8 j0 y: {The least expensive areas were central at $285,347, northeast at $338,973, and Stony Plain, $358,182.% c- v! l+ P5 b, j+ H+ _4 D' [
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Total sales, including residential and commercial, were $982 million, pushing the year to date numbers to more than $3 billion. E& S' p1 f- v- n4 ?4 `
! Z" P& l8 J" A+ U$ p- @Sales of 48 commercial properties totalled $34.8 million, compared with 45 properties valued at $15.7 million in April, 2006./ @' w- Q+ Z+ w+ `' O
, u8 C* H7 O$ g. u; MMore 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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