Record-breaking year to date for Ottawa resales

Members of the Ottawa Real Estate Board sold 1,484 residential properties in August through the Board’s Multiple Listing ServiceĀ® System, compared with 1,276 in August 2015, an increase of 16.3 per cent. The five-year average for August is 1,265.

To date, this has been a record breaking year for units sold.

The average sale price of a residential-class property sold in August in the Ottawa area was $389,786 an increase of 2.5 per cent over August 2015. The average sale price for a condominium-class property was $272,166, an increase of 11.1 per cent over August 2015.

This past month, there were six more properties sold in the $1 million plus range over last year, a possible explanation for the bump in average sales price for both condo and residential properties.

The hottest segments in our market for August continued to be two-storey and bungalow residential homes in the $300,000 – $400,000 price range.

The average cumulative days on market remained at 95 days.

The inventory of listings decreased by 15.9% to 7,397 listings.

The average sale price to average list price combined was 97.4%.

 

Experienced – Trusted – Recommended

JEFF GREENBERG, Sales Representative | Office: 613-725-1171 | Toll Free: 1-800-307-1545 | greenje@magma.ca

The trade marks displayed on this site, including CREA®, MLS®, Multiple Listing Service®, and the associated logos and design marks are owned by the Canadian Real Estate Association. REALTOR® is a trade mark of REALTOR® Canada Inc., a corporation owned by Canadian Real Estate Association and the National Association of REALTORS®. Other trade marks may be owned by real estate boards and other third parties. Nothing contained on this site gives any user the right or license to use any trade mark displayed on this site without the express permission of the owner. 

powered by webkits