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Edmonton% S' v1 m1 B* A
2 h7 }- T! S7 Q$ a& u/ ?+ w. {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. V- c( T9 L1 o
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Condominiums 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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* n0 y! ]6 d) E, s5 bThere were 3,232 residences listed, 2,441 sold, and inventory increased to 3,151 units. The average time on the market was 22 days. ' a7 H& G" D& }' U4 {+ F
% ?8 v9 j2 O! h2 e; VThe 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 A+ b+ r5 m. |/ H+ W2 r
9 \( }/ e: k6 p& q" M( L, bThe 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.
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' [% [* c6 Z0 P) _0 |! WSales 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 C+ u5 L# z) U P! R8 CMore 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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