Downtown and Oliver condo prices are down in April of 2016, while inventory, number of sales, and average days on market are up!
51 condos have sold on the MLS® in Oliver and Downtown area in April of 2016, 10 more than last month and 19 more than in April of 2015. The selling price ranged from $76,000, 441 square foot studio in The Hargate, to $635,000, two bedroom 1,656 sq.ft. condo in The Glenora.
The average selling price was $300,571 down by 4.5% from last month and down by 6% from April of 2015 while the average list price was $312,055.
The inventory has increased from 245 to 277 condos available. Current days-on-market are 51 up from 41 in March of 2016. The absorption rate for Downtown and Oliver condos as of today stands at 5.4 months compared to 6 last month.
All the information in this article has been provided by Realtors® Association of Edmonton.
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