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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.# x: p* G( C& u
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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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, s2 b. U8 p3 \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. . D" C) N8 W d0 Y8 C
+ z( t. [4 K) }% M4 h, ]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 $294,890.5 J" U/ [: l6 N; F
, b; h6 R) w; x% S9 X% TThe least expensive areas were central at $285,347, northeast at $338,973, and Stony Plain, $358,182.( i/ q G9 ~" E5 f9 ?( z, I
/ I! j6 F: l- x3 B1 l" v$ ~# oTotal sales, including residential and commercial, were $982 million, pushing the year to date numbers to more than $3 billion.
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% ?& d0 _) c! n, G6 ISales of 48 commercial properties totalled $34.8 million, compared with 45 properties valued at $15.7 million in April, 2006.
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+ R5 n, x# Q% E5 vMore 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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