Wednesday, June 3, 2020

Downtown Edmonton Condo Prices & Number Of Sales Down In May Of 2020 Due To Covid 19!

15 condos have sold via the MLS® in Oliver and Downtown area in May of 2020, 3 less than last month and 27 less than in May of 2019.

The selling price ranged from $88,500, 453 sq.ft. studio in Glenora Manor, to $570,000,2,161 sq.ft. unit in The Seventh Street Lofts. The average selling price was $214,783 down by 25.5% from last month and down by 33.4% from May of 2019, while the average list price was $228,520. The inventory has increased to 361 from 327condos available.

It took on average 81 days for these condos to sell, 9 more than last month. The absorption rate for Downtown and Oliver condos as of today stands at 24 months.

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

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