Downtown Real Estate Report

The median price of a resale condo downtown was $564,700 for the 30-day period ended January 21, up $9,600 from last month, and higher $9,100 from the same period in January 2008 ($555,600).

The number of condos pending sale during the past 30 days was 37, compared to 39 from the same period last year. The number of condos closing sale during the 30 days prior to January 21 was 34, compared to 26 from the same period last year. There were only 383 resale condos for sale downtown, up from 380 last month, and 11% lower than the same period a year ago.