From the blog...

Market Update, March 2016

Posted on: April 19th, 2016 by Chris Scott

Members of the Ottawa Real Estate Board sold 1,166 residential properties in March through the Board’s Multiple Listing Service® system, compared with 1,200 in March 2015, a decrease of 2.8%.  The five-year average for March sales is 1,220.  It is, though, a definite increase from the previous month sales – 256 more properties.

Properties are starting to sell more quickly, indicating we are heading into our busy spring market. In March, 3,203 homes were listed – up 38.6% since February.

The average sale price of a residential class property sold in March in the Ottawa area was $394,951, an increase of 2% over March, 2015.  The average sale price for a condominium class property was $258,714, an increase of 2.4% over March, 2015.  Canada’s capital continues to be a great place to buy and sell real estate!

Every neighbourhood has slight differences so please do give me a call if you are thinking of buying or selling – or know of somebody else who is.  Referrals are very important to the success of my business so please do think of me when it comes to real estate.


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