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2 I7 {) W. F% N' n" z8 vEdmonton) C" u4 T! ^% }+ o, K; D( G
; v# k0 m2 _% j \. i$ N ^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. F" u6 N9 e2 e# A2 ]* o6 }
5 \( u& ]. m7 h$ H" {1 cCondominiums 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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There 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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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 $294,890., P) R) Z4 B$ p
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The least expensive areas were central at $285,347, northeast at $338,973, and Stony Plain, $358,182.8 t ?5 |+ D- L- E, s2 \: c- l% `; Y' l
% Z) f$ |8 x! N6 U9 ]1 T" _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.
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9 N. n; S6 w1 N' mMore 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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