Wednesday, December 2, 2009

Downtown and Oliver Real Estate Market Update

We have seen another decrease in the inventory in November for Downtown and Oliver condos.
There are currently 224 condo units for sale throught the MLS® System in Oliver and Downtown Edmonton, 5 percent less than in October (236), ranging in price from 118,000 to 2,888,000.  There are 7 properties for sale for over one million and 30 above 500K mark. 

Average sold price per square foot
49 condominiums have sold in November, ranging in sold price from 121,000 to 765,000.  14 units have sold under 200K, 22 between 200-300K, 9 between 300-400K, 2 between 400-500K, and 2 between 600-800K.

The average sold price was 263,816 / 278 per square foot and list price 277,870 / 292 per square foot.  On average per square foot, Downtown and Oliver condos were selling in November for 4 percent less than in October of this year, and 2.2 percent higher compared to October of 2008.

Number of condo units sold
Average sold-to-list price ratio was 95 percent, one percent lower than October and days-on-market stood at 52, compared to 42 in October.  The current absorption rate stands as of today at 4.6.

Average Days-On-Market
Downtown & Oliver November Sold History Data

Data provided by REALTORS® Association of Edmonton

Created by Derek Hulewicz

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