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/ a" _, D2 P4 ~5 t: AEdmonton
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+ d1 x: F/ @/ S5 K# ~& c+ N$ hSingle 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.+ Y8 s. s& z4 o- B+ g
. J Q* G( l) a( d) Q' T' ]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 $341,083.
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+ o; N* B0 R$ z/ Z, c6 N( f9 HThere were 3,232 residences listed, 2,441 sold, and inventory increased to 3,151 units. The average time on the market was 22 days. / E( R9 D5 q L4 K7 g W" P
3 R: p5 M) n' h0 OThe 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 $294,890.
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- h+ y+ S3 F$ r. Z R2 }9 }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.* y2 n# ^* D2 y5 q d* r; }
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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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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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