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Edmonton
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% R$ k: }1 H. C2 N6 KSingle 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 $265,557.1 _% X: S5 y8 \1 y3 P- T, L
7 e- r2 T) }- K' L1 [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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* h+ [# j9 e( p0 v- W4 Z& W) ~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. $ q2 r$ m" T% S2 G6 F# y# v h) }
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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.& i, @( X: ?" o' l! j8 p
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Total sales, including residential and commercial, were $982 million, pushing the year to date numbers to more than $3 billion., t4 A2 J. {; p$ f/ n2 O6 e/ v6 O
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Sales of 48 commercial properties totalled $34.8 million, compared with 45 properties valued at $15.7 million in April, 2006.3 \$ Y5 i# C6 P) t
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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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