From the blog...
Ottawa Market Update for November, 2013
The snowy month of November brought with it a slower than average resale market in Ottawa. On a more positive note, I hope the snow has put everyone in a holiday mood!!
Members of the Ottawa Real Estate Board sold 891 residential properties in November through the Board’s Multiple Listing Service® system, compared with 928 in November 2012, a decrease of four per cent. The five-year average for November sales is 939.
If we exclude condominiums, the number of residential properties sold in November was only down by 5 units compared to this time last year. The Ottawa market remains in stable territory.
The average sale price of residential properties, including condominiums, sold in November in the Ottawa area was $356,675, an increase of 1.9 per cent over November 2012. The average sale price for a condominium-class property was $258,118, no change from November 2012. The average sale price of a residential-class property was $380,593, an increase of 1.2 per cent over November 2012.
Each area shows different trends, so if you are interested to know the current market value of your house – or maybe even that of another house down the street, give me a call and I’d be happy to chat with you.
Chris