Wednesday, May 3, 2017

Downtown Condo Market Down Slightly in April of 2017!

46 condominium style properties have sold via the MLS® in Oliver and Downtown area in April of 2017, 1 less than last month and 5 less than in April of 2016.

The selling price ranged from $113,500, 526 square foot condo in The Solarium, to $470,000, 1,097 sq.ft. two bedroom unit in Meridian Plaza. The average selling price was $308,800 down by 3.1% from last month and down by 2.7% from April of 2016, while the average list price was $322,350. The inventory has increased to 288 from 267 condos available. Current days-on-market are 48 down from 63 in March of 2017.

The absorption rate for Downtown and Oliver condos as of today stands at 6.2 months compared to 5.7 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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