Tuesday, October 12, 2010

The Gainsborough Condos

The Gainsborough Real Estate Market Report

Location: 10011 123 Street, Oliver, Edmonton, Zone 12, T5N 1M9, built 1981

2010, year to date, 5 condos have sold through the MLS® SYSTEM in the Gainsborough apartment high rise, ranging in selling price from $253,000, one bedroom 904 square feet on the 2nd floor, to $323,000, two bedroom 1,263 square feet on the 12th floor. Average selling price for these Downtown Oliver condominiums was $287,952 / 278 per square foot and list price $304,720 / 294. It took on average 67 days for the units to sell ranging from 102 to 36 days, while sold-to-list price ratio was 94%, 98 to 92 percent range.

Comparably, in 2009, also 5 condos have sold in Gainsborough, ranging in selling price from $245,000, one bedroom 904 square feet unit on the 8th floor, to $370,000, also one bedroom 1,011 square feet on the 11th floor. The average selling price in 2009 was $289,200 / 290 per square foot and list price $306,280 / 307. It took on average 64 days for these condos to sell while sold-to-list price ratio stood at 94%.

If you would like to receive current active listings and a sales report for the Gainsborough High Rise where you can see which units have sold and for what price absolutely free with no obligations, send a request to info@edmontonrealestateweb.com

Derek Hulewicz, REALTOR®, 780-220-4224
All data in this article has been provided by REALTORS® Association of Edmonton

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