From the blog...

STITTSVILLE’S ANNUAL MARKET REPORT 2016

I am pleased to provide you with my year-end review of the real estate market for the Stittsville area.

In December, 17 homes were sold in Stittsville compared to 12 homes in December 2015. In terms of sales since January, Stittsville has seen 472 sales this year compared to 481 over the same period last year. That is a modest decline of 1.9%. This decrease in sales volume has had no negative impact on sale price though.

The average sale price of a home sold in Stittsville rose by 1.4% to $423,364 from $417,543 last year. When we look more closely, we can see that it is the single detached home category that supported this rise, as these homes sold on average for $471,004 which is about a 1.9% increase over the last year. Row home prices are also up slightly to $316,988 or 0.9% increase.

Where the biggest real estate change can be observed is in the total days on market. In Stittsville, much like the rest of Ottawa, total days on the market continues to increase. Year-to-date, the average time to sell a home in Stittsville is 65.5 days. That number is up from 59.7 days average last year. For row homes, including semi-detached homes, it has taken 49.8 days to sell this style of homes, yet for a detached home, it took 72.6 days, on average.  Last year, these numbers were 50.5 and 63.7 days respectively. The average days on market for the entire Ottawa Real Estate Board and for all residential home styles combined was 85 days, January to November.[1]

And how do sale prices stack up against listing prices? In Stittsville, this figure stands at approximately 97% which is a 2.2% increase over last year.

If you would like to know your home’s value, please fill out our Home Evaluation Form here: Sellers Home Evaluation

All data from Ottawa Real Estate Board © 2016.