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+ ^; r# S) s5 `! o0 G6 c$ H. L& Z' iEdmonton
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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 $265,557.- R8 a4 c6 A; x$ C4 D
$ r5 d0 @0 |3 B) f7 nCondominiums 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. - l7 |/ V f6 K
; S- \' Y4 _" n# W8 f& VThere were 3,232 residences listed, 2,441 sold, and inventory increased to 3,151 units. The average time on the market was 22 days. 7 E# K) E% E: ]- ]. q0 t
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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 $294,890.6 R. n4 \+ P" J
0 a5 G: f* V* Z! J: @$ Q. y6 d% ?& `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.9 l! X8 w+ J9 b
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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.% L4 D; f: T: S: o8 i
3 J9 Y- P) S, NMore 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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