Tuesday, November 7, 2017

Downtown Edmonton Real Estate Remains Stable!

36 condos have sold via the MLS® in Oliver and Downtown area in October of 2017, 10 less than last month and 1 less than in October of 2016. The selling price ranged from $115,000, 509 square foot bachelor in The Top Of The Valley, to $829,800, 2,279 sq.ft. penthouse in The Excelsior Lofts.

The average selling price was $324,502 up by 4.5% from last month and up by 4.6% from October of 2016, while the average list price was $337,582. The inventory has decreased to 273 from 301 condos available. Current days-on-market are 66 up from 48 in Septmember of 2017.

The absorption rate for Downtown and Oliver condos as of today stands at 7.6 months compared to 6.5 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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