From the blog...
Ottawa Market Update for September, 2013
The Ottawa resale market has started to heat up again. Members of the Ottawa Real Estate Board sold 1,119 residential properties in September through the Board’s Multiple Listing Service® system, compared with 995 in September 2012, an increase of 12.5 per cent. The five-year average for September sales is 1,121.
The average sale price of residential properties, including condominiums, sold in September in the Ottawa area was $346,342, a decrease of 1.2 per cent over September 2012. The average sale price for a condominium-class property was $257,059, a decrease of 3.4 per cent over September 2012. The average sale price of a residential-class property was $371,370, a decrease of 0.5 per cent over September 2012.
Ottawa and surrounding areas continue to grow and expand and Ottawa continues to be a healthy, balanced market. As the threat of increased mortgage rates looms, first-time buyers may want to get into the market sooner rather than later. If I can be of any help, whether you are thinking of buying or selling, please give me a call.
Chris