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4 E% A( |; |5 H* e7 `. DEdmonton1 W* I: K, c# `$ {# X
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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.& J5 r, j% X4 Y
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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 $341,083.
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There were 3,232 residences listed, 2,441 sold, and inventory increased to 3,151 units. The average time on the market was 22 days.
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& X& y& _! q( M8 ?9 A. @ t$ |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.& f- ?0 Z. Q6 F; \* o/ p
) z" x! }0 O3 O; YThe least expensive areas were central at $285,347, northeast at $338,973, and Stony Plain, $358,182.
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Total sales, including residential and commercial, were $982 million, pushing the year to date numbers to more than $3 billion.* b" \7 H$ R# g0 B+ U
5 _' @/ h# ], t8 u( q2 ?2 B! V4 h( hSales of 48 commercial properties totalled $34.8 million, compared with 45 properties valued at $15.7 million in April, 2006.
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More 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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