Downtown Edmonton Condos for Sale

Downtown Edmonton Condos for Sale 

Visit Downtown Edmonton condos for sale for active condo listings in this neighbourhood.  The average selling price for a high rise apartment style condo in Downtown Edmonton year to date has reached $321,820.  In 2013 the average sale price for a high rise Downtown was $290,269. This year and last year were the first two years since 2009 that Downtown Edmonton high rise condos have exceeded the Edmonton high rise average sale price.  All the talk of the arena development has certainly helped, but also there have been more and more new buildings built in the last few years.  These newer buildings tend to sell for much higher.    The average selling price stats are based on what a high rise apartment sells for, other condo styles such as low rise (4 story or lower), townhomes and carriage style are not included in these average price statistics.  In the upper end price segment of the Downtown Edmonton high rise market, the most that a condo has sold for so far in 2014 has been $2,625,000. This sale was a condo in the new Symphony tower and it was a sub penthouse unit over 3000 square feet.   In the entry level of the price range for the Downtown high rise condo market, the most affordable unit this year has sold for $141,000.  That condo was a small 485 square foot 1 bedroom unit in the Residence, a condo that was converted from a rental in 2000.  It is taking 52 days on average to sell a high rise condo downtown so far in 2014, that is a basically the same as the Edmonton average days on market for high rise condos in 2014 of 54 days.  Since 2009, high rise condo property values downtown have increased by 21%.

The condo complexes with the most sales activity, or in other words that had the most high rise units sell in them so far in 2014 in downtown Edmonton  include: Hillside Estates, Capital Centre, The Icon I and II, The Legacy and Rennaisance Place

Post a Comment

Popular Posts