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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.
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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. $ A0 H$ A, m, q! S' ~& {' b4 `
% _. W+ c# s- V4 sThere were 3,232 residences listed, 2,441 sold, and inventory increased to 3,151 units. The average time on the market was 22 days. , J4 S O" {4 n( `$ j- u
1 X! U S5 T2 T* \6 j3 S/ PThe 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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The least expensive areas were central at $285,347, northeast at $338,973, and Stony Plain, $358,182.7 V/ |9 _+ ?, a+ R( p
! {4 {: Q6 J# V6 b2 f5 lTotal sales, including residential and commercial, were $982 million, pushing the year to date numbers to more than $3 billion.
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2 ?" b' o3 ]- x/ T) I0 e/ mSales of 48 commercial properties totalled $34.8 million, compared with 45 properties valued at $15.7 million in April, 2006.6 J, B; G# M2 \1 k) w/ O! b7 w
$ Z" r- I% N- S5 Y# n) b2 mMore 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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