Thursday, June 4, 2009

Edmonton Downtown and Oliver Condo Market Update

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

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