Thursday, October 3, 2019

Downtown Edmonton Real Estate Market Update

30 condos have sold via the MLS® in Oliver and Downtown area in September of 2019, 17 less than last month and 2 less than in September of 2018.

The selling price ranged from $85,000, one bedroom 473 sq.ft. unit in Oakwood Towers, to $565,000, 3 bedroom 1,156 sq.ft. unit in Fox II. The average selling price was $246,733 down by 11.9% from last month and down by 15.5% from September of 2018, while the average list price was $259,252. The inventory has decreased to 323 from 340 condos available. Current days-on-market are 55, down by 10 days from 65 in September of 2018.

The absorption rate for Downtown and Oliver condos as of today stands at 10.7 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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