Wednesday, July 8, 2020

Downtown Edmonton Condo Market Was Hot In June Of 2020

51 condos have sold via the MLS® in Oliver and Downtown area in June of 2020, 36 more than last month and 4 less than in June of 2019. Note: May sales were down due to Covid 19.

The selling price ranged from $90,000, 532 sq.ft. one bedroom in Park Manor, to $588,000, 2 bedroom sub penthouse in Icon II.

The average selling price was $267,741 up by 19.8% from last month and up by 5.03% from June of 2019, while the average list price was $282,431. The inventory has increased to 373 from 361 condos available. It took on average 62 days for these condos to sell, 19 less than last month. The absorption rate for Downtown and Oliver condos as of today stands at 7.3 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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