Oliver Condo Selling Prices

The Oliver condo selling price per square foot for 2 bedroom or more high rise units has moved off the lows of the last quarter of 2011.  The general trendline for Oliver is up and the  average sale price per square foot is currently at $295.  The condo market generally has been weaker and taken longer to recover from the highs of 2007.  The single family market bottomed in the first quarter of 2009 and has moved up since then.  The condo market had a second dip in prices in 2011.  Much of this delay was due to the unsold inventory that was being started during the boom.  High rise condos take much longer to construct than single family and this explains the longer weakness in the condo market.  The highest sale price for a condo in Oliver in the last 12 months was $1.45 million.  The average time to sell a 2 bedroom or more condo in Oliver in 2013 has been 64 days.  That is a little longer than the Edmonton average for all condos of 58 days on market.

To view graphs on other Edmonton neighbourhoods visit Edmonton Selling Prices by Neighbourhood.  If you are interested in a no obligation market evaluation on your downtown condo click Oliver Condo selling prices