From the blog...
Ottawa Market Update – July 2013
Members of the Ottawa Real Estate Board sold 1,339 residential properties in July through the Board’s Multiple Listing Service® system, compared with 1,376 in July 2012, a decrease of 2.7 per cent. July’s sales are just below the five-year average of 1,347. The market has cooled down slightly, but Ottawa remains balanced, and we are not seeing the major fluctuations that other large Canadian cities sometimes experience.
The average sale price of residential properties, including condominiums, sold in July in the Ottawa area was $359,551, an increase of 6.6 per cent over July 2012. The average sale price for a condominium-class property was $275,189, an increase of 3.7 per cent over July 2012. The average sale price of a residential-class property was $381,156, an increase of 6.3 per cent over July 2012. In July, there were 14 properties sold over $1 million – an 80% increase in this price range over July 2012. This definitely affected the average sale price for July. Also, there can be significant differences from one neighbourhood to another so if you would like to see what is happening in your neighbourhood, give me a call.
Chris