From the blog...
Ottawa Market Update for February 2013
The Ottawa Resale Market is moving in the right direction!
If we compare sales for February 2013 with sales for February 2012, we see a decrease of 9.3% – a response to some of the government changes in an attempt to “cool down” the market. The good news, however, is that sales seem to be picking back up as we approach the busy spring season. February was a short month, yet 315 more homes were sold in February, 2013 than in January. “Even with the slight decline in sales year-over-year, Ottawa continues to be a great place to buy and/or sell your home,” says Tim Lee, President of the Ottawa Real Estate Board.
The average sale price of residential properties, including condominiums, sold in February in the Ottawa area was $346,774, a slight decrease of 1.1 per cent over February 2012. The average sale price for a condominium-class property was $264,953, a decrease of 3.1 per cent over February 2012. The average sale price of a residential-class property was $373,337 a slight decrease of 0.6 per cent over February 2012.
Since each area is different, if you are interested in a specific neighbourhood or would like to know the value of your home on today’s market, please give me a call.
Chris
Please contact us. We are going on our HHT soon