Monday, May 7, 2018

Downtown Edmonton Real Estate Market Update

57 condos have sold via the MLS® in Oliver and Downtown area in April of 2018, 31 more than last month and 11 more than in April of 2017.

The selling price ranged from $130,000, 532 square foot one bedroom in The River Valley Condominiums, to $650,000, 1,575 sq.ft. 2 bedroom unit in The Serenity. The average selling price was $295,411 down by 9.3% from last month and down by 4.3% from April of 2017, while the average list price was $325,750. The inventory has increased to 382 from 245 condos available. Current days-on-market are 47 down from 55 in March of 2018. The absorption rate for Downtown and Oliver condos as of today stands at 6.7 months.

 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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