Monday, June 10, 2019

Downtown & Oliver Condo Market Up In May of 2019!

42 condos have sold via the MLS® in Oliver and Downtown area in May of 2019, same as last month and 8 less than in May of 2018.  The selling price ranged from $95,000, one bedroom 509 sq.ft. unit in Top of the Valley, to $739,000, 3 bedroom, 2,740 sq.ft. unit in McDougall Place.

The average selling price was $322,528 up by 5.32% from last month and up by 4.99% from May of 2018, while the average list price was $336,412. The inventory has increased to 384 from 330 condos available. Current days-on-market are 64, up by 15 days from 59 in May of 2018. The absorption rate for Downtown and Oliver condos as of today stands at 9.14 months.

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

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