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Edmonton' @" S8 R+ a) ^+ J, x' e7 n$ D
. w" [3 l9 c7 d) t5 U; c$ A6 tSingle 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 $265,557.; o$ |1 o0 [! c- w2 {( ]7 `& K
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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 $341,083.
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. H7 c' e; _: C& v5 y) E! u# S+ RThere were 3,232 residences listed, 2,441 sold, and inventory increased to 3,151 units. The average time on the market was 22 days. : i; w4 y2 \8 ?$ A( v& z a
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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 $294,890.: H6 ~4 F( U0 ]
. h4 }# r! y! A& [$ f, tThe least expensive areas were central at $285,347, northeast at $338,973, and Stony Plain, $358,182.; Q ^; U5 p8 F3 t7 C& E
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Total sales, including residential and commercial, were $982 million, pushing the year to date numbers to more than $3 billion.
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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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