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Edmonton; k7 B7 T+ H7 ~% b8 _$ X" g
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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 $265,557.7 ~$ k( J2 d' {* V! A4 C
3 P5 S# X4 {( d" A0 T7 q6 Z) jCondominiums 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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" R2 p" T7 [% {% i6 ~2 L3 R m% C# JThere 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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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 $294,890.
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7 S6 e: P$ @$ i& v7 n* GThe least expensive areas were central at $285,347, northeast at $338,973, and Stony Plain, $358,182.
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8 }& }9 o! ?( t6 ?: h5 _" KTotal sales, including residential and commercial, were $982 million, pushing the year to date numbers to more than $3 billion.6 ?4 B7 ?! c0 V" b9 x* }& N: a
/ }: B% D9 s; {" a) ], v# NSales of 48 commercial properties totalled $34.8 million, compared with 45 properties valued at $15.7 million in April, 2006.
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+ ~2 z a4 z% n4 WMore 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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