From the blog...
Ottawa Market Update for November 2012
Last year was the best November on record for resale home sales in Ottawa. This November, sales have come back down to their normal levels. Members of the Ottawa Real Estate Board sold 931 residential properties in November through the Board’s Multiple Listing Service® system, compared with 1,023 in November 2011, a decrease of nine per cent. The five-year average for November sales is 890 so we are still in the ballpark. November’s sales included 208 in the condominium property class, and 723 in the residential property class.
In spite of a slight cooling in number of units sold, average sale prices continue to increase. The average sale price of residential properties, including condominiums, sold in November in the Ottawa area was $350,020, an increase of one per cent over November 2011. The average sale price for a condominium-class property was $258,500, a decrease of 2.6 per cent over November 2011. The average sale price of a residential-class property was $376,349, an increase of one per cent over November 2011.
If you are curious to know what your home might be worth on today’s market – or even the home down the street – give me a call and we can go over the numbers.
Chris