As much as our weather has improved so did the Edmonton Real Estate Market. There were 334 condos sold in May under 500K and 2 over that price in Downtown Edmonton and Oliver area. There average list price was 261,019 / 284 per sq.foot and sold price 249,617 / 272 per sq.foot, 0.4% higher than in April of 2009 and 9.0% lower compared to April of last year. The sold-to-list price ratio has not changed at 95% and 57 was days-on-market. The inventory has decreased by 8.0% to 307 condos available from 334 and the absorption rate stood at 3.65 compared to 4.28.
Edmonton Oliver and Downtown average sold price per sq.foot - condos under 500K
Edmonton Downtown and Oliver Condos - average days-on-market