Tuesday, May 6, 2014

Downtown Edmonton Real Estate Market Update

Downtown & Oliver number of sales and inventory are up in April of 2014, while average days-on-market are down and average selling price unchanged! 

73 condos have sold on the MLS® in Oliver and Downtown area in April of 2014, 10 more than last month and 18 more than in April of 2013. The selling price ranged from $110,000, 334 sq.ft. condo in Oliver Ridge, to $853,000, two bedroom, 1,570 sq.ft condo in the Serenity high rise.

The average selling price was almost identical as last month and up by 2.4% from April of 2013. The price per square foot was up at $303 from $293. The inventory has increased from 202 to 223 condos available. The average selling price was $293,798 and average list price $300,568 and $310 per sq ft. Current days-on-market are down to 43 days while sold-to-list price ratio was up by 1% to 97%.

The current absorption rate for Downtown and Oliver condos as of today stands at 3.0 months compared to 3.2 in April.

Brought to you by Downtown Edmonton Real Estate Blog

Sunday, May 4, 2014

SOLD! #284,900 Legacy #1906 10303 105 Street

BREATHTAKING VIEWS!  This 19th floor ample one bedroom high rise condo is perfect for  students or young professionals.  Features include: hardwood floors, stainless steel full-sized appliances, IN-SUITE LAUNDRY, walk through closet, covered parking stall, and assigned storage room.  All utilities are included in condo fees, except power. The Legacy offers two elevators, an exercise room, bike storage, plenty of visitor parking, and a bus stop right outside the front door!  Within walking distance to two LRT stations, Grant MacEwan, Farmer's Market, and the future ARENA visible from the balcony!  Quick access to NAIT and U of A.  Be part of Edmonton's Urban Epicenter!

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