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Edmonton1 `1 ^ i/ a4 ^5 k5 d
; T7 i j8 t6 T# @/ 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 $265,557.' @, z* o$ W; q# H2 I) M
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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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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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: E; b) t/ Z7 o8 kThe 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 $294,890.0 u) o' T( d" q0 C9 g v6 _0 J
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The least expensive areas were central at $285,347, northeast at $338,973, and Stony Plain, $358,182.- l/ Y2 m) S) G7 ]. S
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Total sales, including residential and commercial, were $982 million, pushing the year to date numbers to more than $3 billion.4 \5 o" C4 z3 |' a9 g# @
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Sales of 48 commercial properties totalled $34.8 million, compared with 45 properties valued at $15.7 million in April, 2006.9 K9 K/ b" T2 l
# a1 s8 ?+ H b, R# d3 }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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