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Edmonton
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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.
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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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- A6 p- f4 W3 y* e4 F/ i/ U9 O' ]) gThere were 3,232 residences listed, 2,441 sold, and inventory increased to 3,151 units. The average time on the market was 22 days. 0 U8 j' z3 E* e9 s+ g/ k5 j! G
n: ~2 L) o; a" _5 [- ~( ]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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" o; @. A+ S( S0 t. L E4 lThe least expensive areas were central at $285,347, northeast at $338,973, and Stony Plain, $358,182.
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- v$ H: E$ q7 k8 j/ HTotal sales, including residential and commercial, were $982 million, pushing the year to date numbers to more than $3 billion., G' Y9 z5 r. o# w8 f# @
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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.' b/ F% H/ W7 A0 I% e9 ]4 P4 |6 f9 }& G
5 e5 r! R9 E. bMore 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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