Edmonton
The capital of Alberta, Canadian province is Edmonton. It is located in the north of River Saskatchewan and at the center of Edmonton Metropolitan Region. It covers a land area of 767.85km2 and elevated at 645m with a population of 972,223. Edmonton is famous for having cold winters with the lowest temperature range of -10.4˚C in January and has its summer peak temperature of 17.7˚C in July. This capital city is considered for cultural, educational, and Governmental center. In 2020, it was announced by CN Rail that they are planning a goal to take all of its control operations to Edmonton from Vancouver and other Canadian Cities.
Active market listings of condos
The market of condos in Edmonton is mostly famous for the young couple and single-home buyers. In the capital, condos that are having structures apartments are in oversupply these days and hence the cost is low. In April 2020, there were approximately 2,014 active listings of condos and the average Days on Market (DOM) is 76 days having a listing price of approximately 274,609 dollars. There was 8.87 months of inventory with sellers and buyers. In January 2021, there was 101 new listing of property in Edmonton.
Average prices of condos
Condos are usually less expensive than hometowns’ houses so you can buy a condo for your small family in a low budget. In Edmonton, you can purchase a condo in the range of 100,000 to 3,699,990 dollars depending upon the area and site you choose for living your life. You will have a lot of options in Edmonton from downtown high rises to classical low rises and get benefits like security, amenities, luxury at very affordable prices.
Prize according to Bedrooms and Bathrooms
There is a variety of condos with a variety in range for a variety of customers. You can own a condo of one bedroom and one bathroom in approximately 90,000 dollars with an area covered of 500 sq/ft. But if you want a large place with the same necessities then it costs high. Moreover, a condo of three-bedroom will cost you approximately 240,000 dollars.
Prices trend of condos
There have also been more sales of single-family condos, homes, and duplexes compared to December of last year, while we’ve seen decreasing in sales in all markets gradually, which is typical for this time of year. Total year-to-date residential sales for 2020 was 17,036 – with 2.94% increase as compared to last year.
The above statement tells a lot about the trend of condos prices in Edmonton in 2020.
Top-ranked areas of Edmonton for condos
Keswick Boulevard, Edwards Drive, Avenue Nw, Jasper Avenue, West Block Drive, Matheson Way, Grandin Drive, Veternas Way, Oliver, Ellerslie Road, Orchards Drive, Galifornian Parkland, White Law lane, Beaumaris Road and Magrath Road are the best-known places for the condos in the capital city of Alberta.
