Edmonton Housing Bust: Asking Prices

So, the nominations are in and the selections made. Added a couple more to represent all the new building in Terwillegar as well as to represent the university area, so we'll be tracking 12 complexes. Since we can focus on buildings/complexes with condos it should be far easier to track and find good comparables should these listings sell or expire.

I'll do the houses sometime in the next week or so when I get some time. One of our commenters, CM, also found a rather ingenious way to track the median listing price for areas, so we'll also be able to keep an eye on that. But without further ado, the condos...

Northeast - Canyon Ridge - 451 Hyndman CR complex

We have two listings, E3179050 & E3185140.

1250 sqft townhomes
similar conditions
built in 2004
condo fees - 145/month
taxes - ~1,600/year
DOM - ~10 and 60 respectively
asking prices 230K and 240K

Northwest - Cumberland - 13215 153rd Ave NW complex

There are four listings in this complex, all never been lived in. Cheapest is a 1250 square-footer listed at 300K, most expensive an 1825 square-footer listed at 350K. We'll focus on the two in the middle, assuming they're the most common E3165890 and E3173613.

1470 sqft townhomes
identical units
built in 2007, never been occupied
condo fees - 100/month
taxes - not available
DOM - ~110 and 210 respectively
asking price 330K per

West - Ormsby Place - 64th Ave - 178th St complex

We have two listings, E3170325 and E3185243

~1040 sqft bi-levels
similar conditions
built in 1978
condo fees - ~240/month
taxes - ~1,350/year
DOM - ~10 and 140 respectively
asking prices 212K and 218K

Central - Downtown - 10125 - 109th St complex

There are currently three listings from this building. Cheapest being an 870 sqft 1 bedroom listed at 200K. Most expensive being a 915 sqft 2 bedroom corner unit listed at 245K. We'll focus on this one, E3183255.

~911 sqft apartment
built in 1981
condo fees - ~330/month
taxes - ~1,550/year
DOM - 20
asking prices 220K

Central - Downtown - 10024 Jasper Ave complex

A ton of these lofts available, 14 to be specific. To be brief here is the price/sqft for each - 135K/465, 140K/457K, 149K/409, 149K/400, 150K/398, 150K/441, 155K/465, 157K/441, 160K/464, 175K/645, 180K/490, 189K/678, 190K/570, 300K/1135. We'll focus on E3182099 and E3179906, there is a third 465 square footer, but no pictures, so I'm suspecting that's a foreclosure and there is no telling the condition of it.

465 sqft apartment
built in 1998
condo fees - ~254-320/month
taxes - ~900/year
DOM - 30 and 50
asking prices 155K and 160K

Southeast - Ellerslie - 230 Edwards Drive complex

There are currently four listings from this complex. All units appear to be about the same (same size, structure, fees, taxes). E3185206, E3179401, E3183029, and E3172019.

1200 sqft townhomes
built in 2005
condo fees - ~125/month
taxes - ~1,700/year
DOM - 10-60
asking prices 240K, 246K, 247K, 260K

Millwoods - Meyonohk - 2703 79th St complex

Seven currently listed in this complex. Cheapest being a 960 square footer for 180K. Most expensive a 950 square footer for 200K (which ironically is also the smallest, and with the oldest furnishings. There are four with identical size (all with 3 bedrooms, or 2 and a den) so we'll assume they are the most common, E3184778, E3176919, E3185046, and E3177684.

1119 sqft carriage homes
built in 1982
condo fees - ~280/month
taxes - ~1,250/year
DOM - 11-280
asking prices 190K, 190K, 190K, 200K

Southwest - Sweet Grass - 11255 - 31st Ave complex

There are currently three listings from this complex. All units appear to be about the same on paper anyway. E3170513, E3185720, E3184464. Low prices and taxes, but some rather large condo fees.

800 sqft apartments
built in 1977
condo fees - ~420/month
taxes - ~925/year
DOM - 10-140
asking prices 130K, 135K, 140K

Southwest - Queen Alexandra - 7907 - 109th St complex

Eight of these units listed that have never been occupied in this new university area building. Range in price from a 826 square footer for 325K, to a 875 square footer for 387K. We'll look at these two, E3145626 and E3145633. Actually you only really need to look at one, since they're both totally identical listings.

940 sqft apartment
built in 2008
condo fees - 390/month
taxes - not available
DOM - 60
asking prices 361K

Southwest - Haddow - 2503 Hanna Cr complex

Three up for sale currently in this building. Cheapest being an 1144 square footer listed at 275K. Most expensive being a 1300 square footer listed at 330k. We will give you the details on the middle sized/priced E3178631.