Omega Condominiums Real Estate Market Update
The Omega building is located in the central part of Edmonton, on the north west corner of 105 street and 99 avenue. This downtown high rise building was designed by architect, Fraser Briusmead and constructed in 2004 by Edmonton based Langham Properties Ltd. Omega is a home to 58 condo units, which range in size from 64.8 to 141.4 square meters, and also to Starbucks Cafe located on main level to the east of the front entrance. Some of the features of this tower are close to the river valley, Jasper avenue, Alberta Legislature Grounds, Bay and Corona LRT Station.
So far this year, 6 units have sold through MLS®, ranging in sold price from 249,000 to 330,000. The average sold price stood at 286,166 / 322 per square foot and list price 302,383 / 340 per square foot. The average sold-to-list ratio was 94 percent, days-on-market 31 and size of the sold condos 922 square feet.
Comparably in 2008, 5 units have sold ranging in price from 274,000 to 310,000. The average sold price was 286,600 / 374 per square foot and list price 299,520 / 390 per square foot. Sold-to-list price ratio stood at 95 percent and days-on-market 75.
If you would like to receive more detailed information on the past sales in the building, send us an email and indicate this in the comments.
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Data provided by REALTORS® Association of Edmonton Created by Derek Hulewicz, REALTOR®