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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 $265,557.6 C/ {, S: X2 a+ Y6 E+ I; k
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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 $341,083. ) p$ T" n. t' v( p
+ q( Z X! C0 W6 _ TThere 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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8 p& u7 [, `1 A3 b: qThe 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 s6 z9 v; f0 L
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The least expensive areas were central at $285,347, northeast at $338,973, and Stony Plain, $358,182., Q: U) Y- c7 x% h! C- B
+ r6 s8 G! w. D5 s: P) G$ ~Total sales, including residential and commercial, were $982 million, pushing the year to date numbers to more than $3 billion. B8 T9 `/ A7 p$ J9 d$ S O: |/ d
0 |* g. E$ E7 D. S, X7 {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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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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