Tuesday, July 3, 2012

Downtown Real Estate Market Update

Downtown & Oliver condo inventory and number of sales are up in June, while days-on-market and average selling price are slightly down!

63 condos have sold on the MLS® in Oliver and Downtown in June of 2012, 4 more than last month and 1 less than in June of 2011. The selling price ranged from $122,000, 504 sq.ft., one bedroom in the Residence, to $1,100,000 two bedroom 2,084 sq.ft. condo in the Carlisle.

The average selling price was down by 2% from last month and 9% up from June of 2011.  The price per square foot was up by $5.00 to $297 per sq.ft. The inventory has increased from 262 to 293 condos available. The average selling price was $286,000 and average list price $294,900 and 310 per sq ft. Current days-on-market have decreased to 40 from 56 days while sold-to-list price ratio has not changed at 95%.

The current absorption rate for Downtown and Oliver condos as of today stands at 4.6 months.

1 comment:

Mark A said...

Great work! I am actually in need for this particular info. .. thanks a lot for the share..