From the blog...

Ottawa Market Update

Posted on: November 3rd, 2011 by Chris Scott

Condominiums were the main driver of resale homes in October with condo sales up 14.5% from the same month in 2010.  Residential sales were near-identical to last year’s.  The rising popularity of condos is certainly evident in the numbers.  

In general, Ottawa continues to enjoy a steady resale market with sales very near the 5-year average for October.  Members of the Ottawa Real Estate Board sold 1,062 residential properties in October through the Boards Multiple Listing Service® system compared with 1,038 in October 2010, an increase of  2.3 per cent. The five-year average for October sales is 1,071.
The average sale price of residential properties, including condominiums, sold in October in the Ottawa area was $337,797, an increase of  2 per cent over October 2010. The average sale price for a condominium-class property was $259,316, a decrease of 1.5 per cent over October 2010. The average sale price of a residential-class property was $362,341, an increase of 3.7 per cent over October 2010.
Each area shows different trends.  If you are interested in knowing what your house is currently worth on today’s market, give me a call.  I’d be happy to provide you with the information or to answer any real estate related questions you might have.


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