Tuesday, July 19, 2016

Downtown Edmonton Real Estate Market Update

Downtown and Oliver condo prices, inventory, and number of sales are up in June of 2016, while average days on market are down!

66 condos have sold on the MLS® in Oliver and Downtown area in June of 2016, 10 more than last month and 7 less than in June of 2015. The selling price ranged from $104,000, 398 square foot studio in The Vila, to $1,725,000, 4,997 sq.ft. penthouse in The Carlisle.

The average selling price was $307,939 (excluding the above million dollars sales) up by 2.3% from last month and up by 5.6% from June of 2015 while the average list price was $319,939. The inventory has increased from 290 to 303 condos available.

Current days-on-market are 54 down from 64 in May of 2016. The absorption rate for Downtown and Oliver condos as of today stands at 4.6 months compared to 5.4 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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