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Edmonton* l, c5 E0 `) X' ~; v" P
& H7 G$ f3 Y$ Q' J5 USingle 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.. i& B2 A3 \8 n* `: Q3 z
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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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# a+ Y: q/ S4 S7 g3 E6 r2 JThere 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.
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The 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.( K. i9 G- i2 S
9 S* a6 t2 R' b- B' ?5 hSales of 48 commercial properties totalled $34.8 million, compared with 45 properties valued at $15.7 million in April, 2006./ r' o7 _) O; ~% B! z9 s% X
6 Q3 Q9 O) I$ hMore 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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