Thursday, January 22, 2015

New Listing In Oliver: #404 10346 117 Street In The Luxor!

$349,900!  AWESOME IN OLIVER! This 2 bedroom and 2 full bath, 4th floor south-west facing condo in "The Luxor" has it all! Features include: corner unit with nearly 1,000 sq,ft. of living space, open concept kitchen with island/breakfast bar, ample dining area, bright and spacious living room, gas fireplace, covered balcony, central elevator, and INSUITE laundry. Additionally, large master has a walk-through closet and en-suite bathroom. WOW! 2 titled underground parking stalls (tandem). All utilities are included in the condo fees, except power. Superbly situated on a mature tree-lined street across from all the amenities in Oliver Square. Quick access to Downtown, Grant MacEwan, future arena, 124th street Arts District, River Valley, U of A, and so much more. SMART MOVE!

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Tuesday, January 6, 2015

Downtown Edmonton Real Estate Market Update

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

38 condos have sold on the MLS® in Oliver and Downtown area in December of 2014, 7 less than last month and 5 more than in December of 2013. The selling price ranged from $128,000, 587 square foot one bedroom condo in Park Manor, to $2,099,500, two bedroom 2,619 sq.ft. condo in the Carlisle. The average selling price was down 6% from last month and up by 5% from December of 2013. The price per square foot was also down at $325 from $332.

The inventory has decreased from 142 to 122 condos available. The average selling price (excluding the sale in The Carlisle) was $300,186 and average list price $310,294 and $337 per sq ft. Current days-on-market are 52, while sold-to-list price ratio stands unchanged at 96%. The current absorption rate for Downtown and Oliver condos as of today stands at 3.2 months compared to 3.3 last month.

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

Brought to you by: Downtown Edmonton Real Estate Blog