Thursday, December 3, 2015

Downtown Edmonton Real Estate Market Update!

Downtown and Oliver condo prices and "Days-On-Market" are up in November of 2015 while number of sales and inventory are down!

43 condos have sold on the MLS® in Oliver and Downtown area in November of 2015, 6 less than last month and 2 less than in November of 2014. The selling price ranged from $136,000, 523 square foot one bedroom in the Athabascan, to $1,425,000, two bedroom 2,262 sq.ft. luxury condo in Lessard House. The average selling price (excluding the Lessard House sale) was $305,752 up by 6.8% from last month and down by 5.1% from November of 2014 while the average list price was $320,196.

The inventory has decreased from 221 to 189 condos available. Current days-on-market are 61 up from 59 in October. The absorption rate for Downtown and Oliver condos as of today stands at 4.4 months compared to 4.5 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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