Monday, January 14, 2019

Downtown & Oliver Condo Prices Are Downtown In December of 2018

21 condos have sold via the MLS® in Oliver and Downtown area in December of 2018, 1 less than last month and 35 less than in December of 2017.

The selling price ranged from $84,500, one bedroom 360 sq.ft. studio in The Hargate, to $655,000, 3 bedroom condo in The Illuminada. The average selling price was $276,848 up by 3.4% from last month and down by 10.7% from December of 2017, while the average list price was $296,890. The inventory has decreased to 205 from 240 condos available. Current days-on-market are 83, up by 7 days from 75 in November of 2018. The absorption rate for Downtown and Oliver condos as of today stands at 9.8 months.

All the information in this article has been provided by Realtors® Association of Edmonton.

Brought to you by: Downtown Edmonton Real Estate Blog!