Derek Hulewicz
RE/MAX REAL ESTATE
12650-151 Avenue, Edmonton, Alberta
P: 780-220-4224
F: 1-888-857-4160 Email
Tuesday, November 3, 2009
- Downtown and Oliver Real Estate Market Update
We are well passed Halloween and so far no snow on the ground yet. I am hoping for a warmer winter this year and am curious as to the conditions of Edmonton real estate market in the coming months. So far this year, the market has been stable with pricing moving into a possitive territory and inventory decreasing.
There are currrently 236 condos for sale in Oliver and Downtown Edmonton, ranging in price from 118,000 to 2,888,000 with 196 under 500K. The average current list price is 386,987 / 337 per sq.foot. The inventory has decreased again by 10 percent from 263 condos available at the begining of October, yet sales remain stable.