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* l* O+ s+ O5 `9 q6 hEdmonton
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! r3 Q, D. f$ w' e! u ?% YSingle 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.' k* F6 R# k" C3 U1 Y
2 N( |0 Q, p8 a" [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 $341,083.
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6 b# ^/ \% c5 i( ?. P- j! S4 tThere were 3,232 residences listed, 2,441 sold, and inventory increased to 3,151 units. The average time on the market was 22 days. 1 W. {$ t" ~* n; H
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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.; I: e2 z" L) K5 a% o) [, M
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The least expensive areas were central at $285,347, northeast at $338,973, and Stony Plain, $358,182.+ T5 g# _$ q( m d1 n+ S" N
# z' m6 ^) W/ j* p5 dTotal sales, including residential and commercial, were $982 million, pushing the year to date numbers to more than $3 billion.6 k7 J5 @, A; c4 S4 y
5 q4 x F7 i4 G- j9 D1 `6 X" P8 OSales of 48 commercial properties totalled $34.8 million, compared with 45 properties valued at $15.7 million in April, 2006.
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5 \. S/ L* U+ M; ?( y# X5 C. rMore 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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