Thanks again for joining me in my 2018 February market update! There are currently ~2000 active condos listed in Edmonton. Average DOM is 78 Days with an list price of 2,643. 220 homes sold last month, with an average DOM of 93 days to sell at an average selling price of 1,175, at 95.6% of sale to asking price. Assuming no more listings hit the market, it would take about 11 months to sell every listing on the market.
In the Downtown Core, there are 236 Active listings. Average DOM is 71 days with an average price of 1,202. Only 23 listings sold with an average sale price of 0,523 at 94.2% of sale to asking price. It would take 9.8 months to sell every listing on the market.
Should you or anybody you know looking to Buy or Sell a condo this year, we’d love to help!
-Jakie Ng, RE/MAX River City
FEBRUARY 2018 EDMONTON REAL ESTATE MARKET UPDATE