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4 C, G4 x3 u! @$ ~Edmonton6 }- \% L v! d- P+ ^
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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 $265,557.6 p' i% d; ~+ e* l
2 D7 z2 G Q" G4 t, n* nCondominiums 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. 5 }% q* w6 T) K; I9 D
% G% m! ?7 w9 W8 w. A* DThere 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.; A) S, z1 `1 e' A% I; ?
2 B- T6 ?1 f% d0 |+ { ^) i9 nThe least expensive areas were central at $285,347, northeast at $338,973, and Stony Plain, $358,182.9 E( P: ]: w. G. v' \" b, b2 N' g
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Total sales, including residential and commercial, were $982 million, pushing the year to date numbers to more than $3 billion.* I! T% Z1 j% q! L% e5 N4 X
5 L8 r" `( T* r# U$ ]Sales of 48 commercial properties totalled $34.8 million, compared with 45 properties valued at $15.7 million in April, 2006.& O5 p$ X3 M% O
8 y1 ~1 B& c3 w! A7 c* x, x, `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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