Wednesday, March 4, 2015

Downtown Edmonton Real Estate Market Update!

Downtown and Oliver condo prices, inventory, and average "days-on-market" are up in February of 2015, while number of sales are down!

28 condos have sold on the MLS® in Oliver and Downtown area in February of 2015, 2 less than last month and 17 less than in February of 2014. The selling price ranged from $112,000, 448 square foot one bedroom condo in Glenora Manor, to $630,000, two bedroom 2,023 sq.ft. condo in the Le Marchand Tower. The average selling price was up by 5.5% from last month and up by 10% from February of 2014. The price per square foot was also up at $332 from $325. The inventory has increased from 150 to 175 condos available. The average selling price was $323,250 and average list price $332,450 and $340 per sq ft.

Current days-on-market are 56, while sold-to-list price ratio stands unchanged at 96%. The current absorption rate for Downtown and Oliver condos as of today stands at 6,2 months compared to 3.2 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!

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