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Edmonton' b+ U5 f- }4 ~
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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. : F6 {3 H4 T. f/ k
" o% M2 F" t/ y& K( r* MThere were 3,232 residences listed, 2,441 sold, and inventory increased to 3,151 units. The average time on the market was 22 days.
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2 k9 [4 A# C _6 [0 DThe 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.: ^( b% j6 z, E% Q1 J. @
) M5 Z3 b3 h3 p0 C, l4 M, a7 j0 kThe least expensive areas were central at $285,347, northeast at $338,973, and Stony Plain, $358,182.7 |' \# ^% w e: o" b' U
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Total sales, including residential and commercial, were $982 million, pushing the year to date numbers to more than $3 billion. Q. H( a, L% q2 C- N* U
: T7 { a) {& DSales of 48 commercial properties totalled $34.8 million, compared with 45 properties valued at $15.7 million in April, 2006.- T/ Q" y- l. [( D! N8 K: C
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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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