Tuesday, February 14, 2017

Downtown and Oliver condo prices are up in January, while inventory is down!

27 condos have sold on the MLS® in Oliver and Downtown area in January of 2017, 6 more than last month and 1 less than in December of 2016.

The selling price ranged from $91,000, 367 square foot studio in The Hargate, to $880,000, 1,768 sq.ft. two bedroom condo in Alta Vista South. The average selling price (excluding The Alta Vista sale) was $321,119 up by 11.5% from last month and up by 9% from December of 2016, while the average list price was $335,278. The inventory has decreased to 208 from 215 condos available.

Current days-on-market are 67 up from 65 in December of 2016. The absorption rate for Downtown and Oliver condos as of today stands at 7.7 months compared to 10.2 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!