Monday, December 8, 2014

New Listing: #1603 In The Cosmopolitan For Sale!

$439,900 The COSMOPOLITAN LIFESTYLE AWAITS in this fully renovated 2 bedroom and 2 bath sought after Downtown high-rise. Modern open floor plan, with living room separating both generous bedrooms, 2 walk in closets, in-suite laundry, and storage. Upgrades include: engineered hardwood throughout, quartz countertops, mosaic backsplash, brand new stainless steel appliances, updated vanities/sinks, tile flooring, lighting, new baseboards, and paint. Enjoy the view from the 16th floor balcony with a gas hook-up for your BBQ. Extra bonuses are: underground heated parking, A/C, exercise room, bike rack, and visitor parking on site. Located just 2 blocks from Corona LRT station, walking distance to shopping, dining, trendy cafes, Norquest and Grant MacEwan University. The BEST of Downtown living!

Thursday, December 4, 2014

Downtown Edmonton Real Estate Market Update!

Downtown and Oliver condo prices, number of sales, and average "days-on-market" are up slightly in November of 2014, while inventory is down. 

45 condos have sold on the MLS® in Oliver and Downtown area in November of 2014, 1 more than last month and 13 more than in November of 2013. The selling price ranged from $118,000, 445 square foot studio in The Hargate, to $1,050,000, three bedroom 1,711 sq.ft. penthouse in The Quest.

The average selling price was up by1.3% from last month and up by 5.7% from November of 2013. The price per square foot was also up at $332 from $331. The inventory has decreased from 161 to 142 condos available. The average selling price (excluding the sale in The Quest) was $322,223 and average list price $332,695 and $344 per sq ft. Current days-on-market are 50, while sold-to-list price ratio stands unchanged at 96%.

The current absorption rate for Downtown and Oliver condos as of today stands at 3.3 months compared to 3.7 last month.

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

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