From the blog...
Ottawa Market Update, January 2014
In spite of the very cold weather, residential sales in January were virtually identical to last year. This is good news. One would have thought the bitter cold would keep folks snug in their homes.
Members of the Ottawa Real Estate Board sold 589 residential properties in January through the Board’s Multiple Listing Service® system, compared with 594 in January 2013. The number of properties listed in January more than doubled the amount in December – a normal occurance after the holiday season.
The Ottawa resale market has remained steady. There have been no major increases or decreases in sales or prices notwithstanding the government’s intervention in mortgage rules over a year ago.
The average sale price of residential properties, including condominiums, sold in January in the Ottawa area was $346,744, an increase of one per cent over January 2013. The average sale price for a condominium-class property was $265,775, a decrease of 1.1 per cent over January 2013. The average sale price of a residential-class property was $368,779, an increase of 0.9 per cent over January 2013.
Every area is slightly different so please give me a call if you are interested to know the value of your property. I’m happy to help.
Chris