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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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}3 C; h% c9 H7 vCondominiums 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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' M/ O* P6 l" `# X) d L: iThere were 3,232 residences listed, 2,441 sold, and inventory increased to 3,151 units. The average time on the market was 22 days. 6 i& y" M. i' ~2 [/ E
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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 $294,890.4 _$ `$ @6 N& X9 j7 A# d/ \
( \. n; M. M8 i/ m. o- EThe least expensive areas were central at $285,347, northeast at $338,973, and Stony Plain, $358,182.& G9 x/ X4 T+ O* u( ?% g
$ _6 U- E. T1 J9 N; l- v" |) |& kTotal sales, including residential and commercial, were $982 million, pushing the year to date numbers to more than $3 billion.8 {& {2 e9 p6 A8 \1 A" K0 a. r# I: 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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