Wednesday, September 19, 2018

Downtown Edmonton Real Estate Market Down Slightly In August of 2018!

42 condos have sold via the MLS® in Oliver and Downtown area in August of 2018, 12 less than last month and 3 less than in August of 2017.

The selling price ranged from $118,000, one bedroom 540 sq.ft. condo in River Valley Condominiums, to $2,450,000, penthouse in the Pearl Tower. The average selling price (excluding the Pearl Tower sale) was $282,751 up by 0.8% from last month and down by 7.6% from August of 2017, while the average list price was $294,690. The inventory has decreased to to 365 from 380 condos available. Current days-on-market are 64 up from 58 in July of 2018. The absorption rate for Downtown and Oliver condos as of today stands at 8.7 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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