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Edmonton
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* ]+ d0 i* Z" {7 ^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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- K" f( W/ }# @! [4 D m9 ]( I4 j, g8 xCondominiums 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. ! d7 y4 @- f5 P, }( ]
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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. 8 Z; I& Q( U' Z0 |! `0 b
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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 $294,890.0 w* a" W! d2 L$ u
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The least expensive areas were central at $285,347, northeast at $338,973, and Stony Plain, $358,182.
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/ z2 C$ n0 I$ E; ITotal sales, including residential and commercial, were $982 million, pushing the year to date numbers to more than $3 billion.
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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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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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