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8 _' a. B; _: M, z' P6 p% }* gSingle 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.
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. a( x3 I, X# J1 g ~) T- j# mCondominiums 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. : u; X: k* y4 D
7 _! _' A. O7 F/ 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. 0 i ?) y- l) b8 f4 |- _4 C
0 b- P' A& I* ^. e- o; `0 S6 W7 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 $294,890.+ `# n* Y, `$ w1 t, x) s0 t t
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The least expensive areas were central at $285,347, northeast at $338,973, and Stony Plain, $358,182.4 F6 K& [8 _) z
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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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( G; ~/ p: A6 V& F3 y" p% N, c) ]; JSales of 48 commercial properties totalled $34.8 million, compared with 45 properties valued at $15.7 million in April, 2006.! s! u) F4 V$ p. J) _2 n
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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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