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6 A2 `* Z' ]* o i/ M5 u# uEdmonton
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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.# G( b F3 w3 Y
+ c8 g* v, i' cCondominiums 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. ( n2 N# ^* E, [
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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.
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" Y* [1 `) e% l; ]/ J) B& @( aThe 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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The least expensive areas were central at $285,347, northeast at $338,973, and Stony Plain, $358,182.# Q; Z: i3 t* Y4 @/ f. A
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Total sales, including residential and commercial, were $982 million, pushing the year to date numbers to more than $3 billion.' c0 g; O! R7 }* Q7 V$ W2 o
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Sales of 48 commercial properties totalled $34.8 million, compared with 45 properties valued at $15.7 million in April, 2006.
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6 D$ R5 L3 J! n% z: D( |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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