Wednesday, March 7, 2018

Downtown Edmonton Real Estate Market Update!

22 condos have sold via the MLS® in Oliver and Downtown area in February of 2018, 1 less than last month and 10 less than in February of 2017.

The selling price ranged from $140,000, 678 square foot one bedroom in Crestview Towers, to $900,000, 2,583 sq.ft. Penthouse in The Fairmont. The average selling price was $327,715 up by 8.2% from last month and up by 5.2% from Ferbuary of 2017, while the average list price was $346,477. The inventory has increased to 296 from 265 condos available. Current days-on-market are 58 down from 68 in January of 2018.

The absorption rate for Downtown and Oliver condos as of today stands at 13.4 months compared to 11.5 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!

No comments: