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Edmonton; L7 e0 P' L! P
+ {" P! h. A2 l7 L6 hSingle 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., W/ b6 T: A1 I7 O7 C
+ n: U7 b) F0 f8 H% kCondominiums 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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" P% a& j7 r. \1 {) w7 cThere were 3,232 residences listed, 2,441 sold, and inventory increased to 3,151 units. The average time on the market was 22 days. Q# Y& }4 c- d5 \* H# F# _+ d" R b& D
$ J2 K" F$ n* |: NThe 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 $294,890.+ n: p# D: _! c0 A
( X; M$ h! q$ T& T* H5 y+ ]The least expensive areas were central at $285,347, northeast at $338,973, and Stony Plain, $358,182.
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5 V; y4 J0 e& ?4 V& s. u* \1 N: jTotal sales, including residential and commercial, were $982 million, pushing the year to date numbers to more than $3 billion.
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9 ~, A. l* L1 _. M* H( M% dSales 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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