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Edmonton
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6 c6 m; m, g$ ?" s5 x- C. K* OSingle 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 $265,557.# r" Y4 n$ ^( j" _& @! m; D
, b3 } I' ^; \% n% t3 p8 ]' j0 GCondominiums 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. 3 V2 B* u9 ?& |( A# R
. w( X d, H2 w8 zThere were 3,232 residences listed, 2,441 sold, and inventory increased to 3,151 units. The average time on the market was 22 days.
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1 ]1 Y. `# i. R' eThe 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 $294,890.2 @( Y5 B0 g$ F' }6 L9 \4 o. ~8 n
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The least expensive areas were central at $285,347, northeast at $338,973, and Stony Plain, $358,182.6 l2 j N+ l( K3 B3 U& [
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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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Sales of 48 commercial properties totalled $34.8 million, compared with 45 properties valued at $15.7 million in April, 2006.2 W. b/ ?6 [, f7 p: l* {
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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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