Sunday, January 10, 2021

Downtown & Oliver Condo Market Update

25 condos have sold via the MLS® in Oliver and Downtown area in December of 2020, 7 less than last month and the same amount as in December of 2019. 

The selling price ranged from $85,000, 778 sq.ft. two bedroom condo in Hillside Estates, to $840,907, also 2 bedroom 920 sq.ft. unit in Sky Residences. The average selling price was $286,486, up by 0.63% from last month and down by 3.3% from December of 2019, while the average list price was $297.693. The inventory has decreased to 349 from 365 condos available. It took on average 43 days for these condos to sell, 9 days less than last month. 

The current absorption rate for Downtown and Oliver condos as of today stands at 13.96 months. 

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


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