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Edmonton$ t9 s, [# G" f
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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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+ y: x! ^0 o, H+ D' bCondominiums 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 $341,083. 9 B8 L- `! Q. x, `/ ~" U& o
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There were 3,232 residences listed, 2,441 sold, and inventory increased to 3,151 units. The average time on the market was 22 days. V: W2 O j- V3 U1 A. R3 C& w. j) f
s6 Y1 i) {& Z9 P! u$ [5 @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.
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' g, n" f0 _8 R2 C9 w( e9 F8 uThe least expensive areas were central at $285,347, northeast at $338,973, and Stony Plain, $358,182.. i6 l0 v6 T8 }+ o' G$ ~
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Total sales, including residential and commercial, were $982 million, pushing the year to date numbers to more than $3 billion.
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6 `& t6 b; v/ y6 M+ A" ESales 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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