Friday, August 8, 2014

SOLD in 24 Days! Hyde Park #1401 10160 115 Street, Oliver!

EXECUTIVE LIFESTYLE AWAITS! This 14th floor, South-West facing, 1,300 sq.ft., 2 bdrm + 2 full bath, Oliver condo in Hyde Park high rise has it all! Main features are: HUGE living room which leads to dining area with sliding doors to enclosed balcony, bright-white galley kitchen, IN-SUITE LAUNDRY, and WET-BAR! Master bedroom offers 4pc en-suite, while the 2nd bedroom is across from the main 4pc bath. You will so appreciate your heated underground titled parking stall and storage locker. All utilities included in condo fees. WOW! BONUS FEATURES: Central A/C, indoor and outdoor swimming pools, sauna, hot tub, tennis court, modernized fitness center, party/pool room, and guest suite. This fantastic location will be your epicenter to Jasper Ave, River Valley, The Downtown core with all shopping, galleries, fine dining, entertainment, and ETC...

Sunday, August 3, 2014

Downtown Edmonton Real Estate Market Update

Downtown and Oliver condo prices and inventory are down in July of 2014, while number of sales and average selling price per square foot are up.

77 condos have sold on the MLS® in Oliver and Downtown area in July of 2014, 2 more than last month and 5 more than in July of 2013. The selling price ranged from $134,000, 532 sq.ft. one bedroom unit in the Top of the Valley, to $575,000, 1,625 sq.ft. penthouse in Central Park. The average selling price was down by 5% from last month and down by 2.5% from July of 2013 (mostly due to lower sales this month in higher priced condos). The price per square foot was up at $328 from $322. The inventory has decreased from 244 to 221 condos available. The average selling price was $288,210 and average list price $295,474 and $336 per sq ft. Current days-on-market are 48 days while sold-to-list price ratio is up at 97%.

The current absorption rate for Downtown and Oliver condos as of today stands at 2.8 months compared to 3.2 last month.

All the information in this article has been provided by Realtors® Association of Edmonton!