Downtown & Oliver condo prices, inventory, and average days on the market are down in August of 2013, while number of sales are up!
78 condos have sold on the MLS® in Oliver and Downtown area in August of 2013,
6 more than last month and 16 more than in August of 2012. The selling price
ranged from $82,000, 344 sq.ft. studio in Oliver Ridge, to $845,250, three
bedroom, 1,604 sq.ft penthouse in the Quest.
The average selling price was down by 6.2% from last month and 4.7% up from
August of 2012. The price per square foot was also down by $15 to $297. The
inventory has decreased from 309 to 253 condos available. The average selling price
was $277,383 and average list price $286,393 and $306 per sq ft. Current
days-on-market are down to 53 days while sold-to-list price ratio has not
changed at 96%.
The current absorption rate for Downtown and Oliver condos as of today stands
at 3.2 months, a decrease from last month of 4.3.