Downtown Edmonton Market Update

In the last two weeks, 23 condos under 500K have sold in Oliver and Downtown Edmonton.

The average list price - $254,872/$285 per sq.foot, 2.62% increase compared to first two weeks of March/09.

The average sold price - $244,872/275 per sq.foot, 3.19% increase from $237,071/$266 per sq.foot in March/09.

Sold-to-list price ratio - 96% compared to 95% first 14 days of March/09.

There was slight decrease in amount of condos sold under 500K in April 09, 23 compared to 26 last month's first two weeks, most likely due to Easter Holidays.