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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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- H7 P" E1 D! _% r: c1 ?! LCondominiums 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 $341,083. 9 ]% g; m) t5 ?* S; j% L3 P4 t1 L
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There were 3,232 residences listed, 2,441 sold, and inventory increased to 3,151 units. The average time on the market was 22 days. ! D$ i- y/ h2 w9 H 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.) L& l, f4 n& Z9 y! _
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The least expensive areas were central at $285,347, northeast at $338,973, and Stony Plain, $358,182.- W, N9 v6 g# M
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Total sales, including residential and commercial, were $982 million, pushing the year to date numbers to more than $3 billion.2 n' H, d0 v) r
/ K7 ~: Z+ E( M" V- XSales 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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