Wednesday, November 4, 2015

Downtown Edmonton Real Estate Market Update!

Downtown and Oliver condo prices and inventory are down in October of 2015, while "Days-On-Market" are up.

49 condos have sold on the MLS® in Oliver and Downtown area in October of 2015, same amount as last month and 5 more than in October of 2014. The selling price ranged from $95,000, 474 square foot studio in The Hargate, to $900,000, three bedroom 1,964 sq.ft. condo in Illuminade II on Jasper Ave.

The average selling price was $284,851 down by 4.1% from last month and down by 10% from October of 2014. The inventory has decreased from 230 to 221 condos available. The average list price was $296,249.

Current days-on-market are 59 up from 49 in September. The absorption rate for Downtown and Oliver condos as of today stands at 4.5 months compared to 4.7 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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