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% a+ R2 x: }* L) QEdmonton
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: o+ J" c! H, ~8 Z; ?+ BSingle 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." s! g& w) N) V, l+ w9 w; g) W9 f
3 p( y0 W. N) t! ]& B7 ]6 G& 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 $341,083. 1 \8 K* r6 b: P2 ~- f- f: _5 ^* Q
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There were 3,232 residences listed, 2,441 sold, and inventory increased to 3,151 units. The average time on the market was 22 days. ( Z/ @$ g7 N1 o& @6 v0 H. a
% n1 b; E& ^5 K" MThe 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 $294,890.1 ^* C' F2 J- W4 V, ]* o) W/ P$ @( }
! F/ I) ~0 d8 [2 X1 H% d5 n: pThe least expensive areas were central at $285,347, northeast at $338,973, and Stony Plain, $358,182.% k: X& _% L0 [& W! q
5 `% Q( p( D- k a# ~Total sales, including residential and commercial, were $982 million, pushing the year to date numbers to more than $3 billion.
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) ?$ i, J2 Z6 wSales of 48 commercial properties totalled $34.8 million, compared with 45 properties valued at $15.7 million in April, 2006.$ p- a5 b9 d% S# |% F
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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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