Monday, April 10, 2017

Downtown Edmonton Real Estate Market Remains Stable!

47 condos have sold on the MLS® in Oliver and Downtown area in March of 2017, 15 more than last month and 11 more than in March of 2016.

The selling price ranged from $136,000, 510 square foot condo in Glenora Manor, to $1,150,000, 1,938 sq.ft. penthouse in Uptown Estates. The average selling price (excluding Uptown Estates sale) was $318,762 up by 2.6% from last month and up by 1.2% from March of 2016, while the average list price was $330,366. The inventory has increased to 267 from 230 condos available. Current days-on-market are 63 up from 61 in February of 2017.

The absorption rate for Downtown and Oliver condos as of today stands at 5.7 months compared to 7.1 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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