Tuesday, April 9, 2019

Downtown & Oliver Condo Prices Are Down In March of 2018

19 condos have sold via the MLS® in Oliver and Downtown area in March of 2019, 10 less than last month and 7 less than in March of 2018.

The selling price ranged from $95,000, one bedroom 492 sq.ft. studio in Oliver Ridge, to $640,000, 2 bedroom, 2,235 sq.ft. Penthouse in Hudson House. The average selling price was $246,747 down by 3.14% from last month and down by 16.47% from March of 2018, while the average list price was $256,530. The inventory has increased to 302 from 290 condos available. Current days-on-market are 47, down by 26 days from 73 in February of 2018. The absorption rate for Downtown and Oliver condos as of today stands at 15.9 months.

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

Search for condos at: Downtown Edmonton Condos For Sale