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Edmonton9 ~& e8 B! M7 }
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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 $265,557.2 r9 N3 v3 ^( I: c+ V8 r
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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. & ?+ g% e0 `' d5 V4 c- N0 B
3 ?& ]: m/ D! k' H* pThere were 3,232 residences listed, 2,441 sold, and inventory increased to 3,151 units. The average time on the market was 22 days. 2 U4 K! c! w7 e( B Q
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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 $294,890.2 h) V1 g' y k) S, v( V4 |
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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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. T5 f" S, r) Q1 m" Q! cTotal sales, including residential and commercial, were $982 million, pushing the year to date numbers to more than $3 billion.
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L' m' V Z- ] m/ {# q& D' j% p1 dSales 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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