Monday, May 18, 2009

Edmonton Downtown and Oliver Market Update

We are starting to see more and more multiple offers as the busy season is here. Just a few weeks ago, the real estate agents could take their time presenting the offers and stretch the negotiations for a better deal, it seems like those days are behind us and we are running in a higher gear.

There were 29 condos sold in the first two weeks of May under 500K in Oliver and Downtown Edmonton. The average list price was 275,341 / 288 per sq.foot, 1.7 % higher that April's 264,658/288. The average sold price was 264,220 / 276 per sq.foot, 1.4% above last month of 252,955 / 272. The sold-to-list price has not changed at 95% and average days-on-market was 58 compared to April of 56.

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