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* s0 S* G3 f' F; DEdmonton
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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 $265,557.3 U: c' d; u1 U+ y' I- k
! ~# A$ |0 _8 q( 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 $341,083. / b9 \ ]; _. _; H$ Z( I+ N3 F! W
0 m: F5 |- ? H2 p5 g& ^# y- Q$ gThere 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 p' D2 R5 j, t, v3 j/ 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 $294,890.0 C( Q- G9 ?0 e1 ^* v9 Q" |* L/ ~
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The least expensive areas were central at $285,347, northeast at $338,973, and Stony Plain, $358,182.. D) j! q" K0 D" _: k: f
% |3 R$ k. r- F% N% lTotal sales, including residential and commercial, were $982 million, pushing the year to date numbers to more than $3 billion.1 S x+ u' H' n! r0 [. _& 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.% U, L0 ^2 N- d3 L T- |9 o! ~
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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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