Downtown and Oliver Real Estate Market Update

We are well passed Halloween and so far no snow on the ground yet. I am hoping for a warmer winter this year and am curious as to the conditions of Edmonton real estate market in the coming months.  So far this year, the market has been stable with pricing moving into a possitive territory and inventory decreasing.

There are currrently 236 condos for sale in Oliver and Downtown Edmonton, ranging in price from 118,000 to 2,888,000 with 196 under 500K.  The average current list price is 386,987 / 337 per sq.foot.  The inventory has decreased again by 10 percent from 263 condos available at the begining of October, yet sales remain stable.

65 condos have sold in November with 62 under 500K mark.  The average sold price was 264,607 / 290 per square foot with list price of 274,714 / 302 per square foot.  The absorpation rate stood at 3.6 with days-on-market of 42 and sold-to-list price ratio of 96 percent.

Average price per square foot - condos under 500K

Number of condos sold in Oliver and Downtown

Average days on market

Data provided by REALTORS® Association of Edmonton

Created by Derek Hulewicz

Edmonton Real Estate