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$ ?) f" _& P: ~ dEdmonton
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% r7 d0 n: i4 D- d: ^# e+ nSingle 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 $341,083. b/ y/ S0 x6 c4 C/ `4 g
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There were 3,232 residences listed, 2,441 sold, and inventory increased to 3,151 units. The average time on the market was 22 days. # u' w) T$ C2 a6 u6 G( ~
; V; Q6 H; A* J5 A/ L' f. i. s* n5 \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 $294,890.$ V6 ~3 U# I$ w6 A: s# f
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The least expensive areas were central at $285,347, northeast at $338,973, and Stony Plain, $358,182.$ D+ c# n! W2 ^& h3 X4 J
3 I" o; i4 }& V' H1 pTotal sales, including residential and commercial, were $982 million, pushing the year to date numbers to more than $3 billion. `7 T( P/ G1 m4 M. c* u$ C
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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.! G8 a2 w" G5 c+ b1 R
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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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