Thursday, December 14, 2017

Downtown Edmonton Real Estate Market Update!

35 condos have sold via the MLS® in Oliver and Downtown area in November of 2017, 1 less than last month and 1 less than in November of 2016. The selling price ranged from $133,000, 613 square foot one bedroom in The Hargate, to $780,000, 1,277 sq.ft. 3 bedroom in Fox Two.

The average selling price was $322,205 down by 0.7% from last month and dwon by 3.1% from November of 2016, while the average list price was $336,013. The inventory has decreased to 249 from 273 condos available. Current days-on-market are 73 up from 66 in October of 2017.

The absorption rate for Downtown and Oliver condos as of today stands at 7.1 months compared to 7.6 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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