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$ t4 ~# x* I& l$ b5 E! |& y: AEdmonton
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. ^1 t) }! a7 H7 fSingle 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.- n7 R* K. o( J2 b4 X, I( Y2 r- Q
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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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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. + x* h1 b! M3 h
3 B9 \, D/ G. _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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( U" v0 l, C) v, J9 x+ d: vThe least expensive areas were central at $285,347, northeast at $338,973, and Stony Plain, $358,182.
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5 `5 S1 l Q3 H6 L9 h7 ?% XTotal sales, including residential and commercial, were $982 million, pushing the year to date numbers to more than $3 billion.' r# q4 Z, f% l" |! Y
: x" Q5 W6 x; u, _. JSales 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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