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5 H. }: o0 M4 H( TEdmonton& ]# V: _% w$ X, R
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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 $265,557.6 D0 m; W$ _. I! B2 g1 C
. N, Q& `' E$ z9 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. 7 P6 h3 k7 H+ ^6 ?# i
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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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5 Q5 j- K1 r5 u1 `' KThe 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.% }# W2 w9 T/ ^6 o+ p- {9 b# d& l {* Z
& t: V, d- o; O: A/ y7 ], T* G( i0 C7 AThe least expensive areas were central at $285,347, northeast at $338,973, and Stony Plain, $358,182.
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, H w# X% g5 v8 t) {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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; }/ Q7 {( V) ~+ N/ @, @; qMore 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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