Tuesday, September 15, 2020

Downtown Edmonton Real Estate Update

32 condos have sold via the MLS® in Oliver and Downtown area in August of 2020, 6 less than last month and 15 less than in August of 2019. 

The selling price ranged from $90,500, 363 sq.ft. studio in the Hargate, to $568,000, 2 bedroom sub penthouse in The Illuminada. The average selling price was $281,364, up by 21.56% from last month and up by 0.44% from August of 2019, while the average list price was $298,906. 

The inventory has increased to 423 from 395 condos available. It took on average 63 days for these condos to sell, 14 days less than last month. The absorption rate for Downtown and Oliver condos as of today stands at 13.2 months. 

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


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