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, i0 N: V$ E& O3 S$ CSingle 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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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.
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- l2 V/ S& e' n1 L i7 UThere 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." T4 \7 |) w% p
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The least expensive areas were central at $285,347, northeast at $338,973, and Stony Plain, $358,182.% J( n6 E7 x4 W0 C& ]6 h: f
( M( H0 F5 S5 @4 ~# r- c* F; \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, 2006.3 u/ X8 F/ [% n. F0 z, V( g) d
$ D0 T# A- s; c/ lMore 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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