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+ D2 z c2 v/ o7 }Edmonton7 z! G, F7 ^0 i
% V! T6 ^# A9 BSingle 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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( P" z6 K6 @3 x3 C: F. }+ sCondominiums 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 $341,083. 8 \4 \/ J; f+ A; x: k4 @; N
0 {0 |8 b: o4 yThere were 3,232 residences listed, 2,441 sold, and inventory increased to 3,151 units. The average time on the market was 22 days. , O' P1 ]" h6 q$ b/ L& B
& z$ a5 b; H! v$ l) |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." Z1 `+ F' r% Z! g
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The least expensive areas were central at $285,347, northeast at $338,973, and Stony Plain, $358,182.
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Total sales, including residential and commercial, were $982 million, pushing the year to date numbers to more than $3 billion.! M8 v% K P1 Y+ s1 a2 Y
1 _2 m8 n; t; g. ~/ g T& XSales of 48 commercial properties totalled $34.8 million, compared with 45 properties valued at $15.7 million in April, 2006.
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. _6 ?1 f% l" T u$ Y2 KMore 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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