Thursday, July 13, 2017

Downtown Edmonton Real Estate Market Update

48 condominium style properties have sold via the MLS® in Oliver and Downtown area in June of 2017, 8 more than last month and 6 less than in June of 2016. The selling price ranged from $107,000, 455 square foot studio in Glenora Manor, to $485,000, 2,000 sq.ft. River Valley 2 bedroom in Hilltop Place.

The average selling price was $310,037 down by 3.3% from last month and up slightly by 0.6% from June of 2016, while the average list price was $321,151. The inventory has increased to 382 from 330 condos available. Current days-on-market are 48 down from 51 in May of 2017.

The absorption rate for Downtown and Oliver condos as of today stands at 7.9 months compared to 8.2 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!

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