From the blog...
OTTAWA MARKET UPDATE FOR SEPTEMBER 2018
The average sale price for homes in Ottawa continues to rise over last year’s numbers. In September we saw a 7.9% increase in the residential class property and in the condo property class we saw an increase of 7.6% over September 2017. These are very impressive numbers. Even with a continued low inventory in Ottawa, the number of homes sold is at an all-time high over the past 5 years. If we had more listing for sale we would have shattered the record in September. In September the residential and condo property classes there were 1,393 homes sold.
The $300,000 to $449,000 range remains the most active price point in the residential market contributing to 46% of homes sold. The $175,000 to $274,999 price range was the most active price point for the condos market in Ottawa, accounting for almost 57% of the units sold. If you are interested in finding out the market trends in your neighbourhood, please feel free to get in touch.