From the blog...
Ottawa Market Update for May, 2013
Members of the Ottawa Real Estate Board sold 1,804 residential properties in May through the Board’s Multiple Listing Service® system, compared with 1,890 in May 2012, a decrease of 4.6 per cent. Sales are 233 units ahead of last month and the 5-year average for May is 1,802 sales so we are still on track. May’s sales included 326 in the condominium property class, and 1,478 in the residential property class.
Ottawa continues to be a great place to buy and/or sell a home with continued low interest rates and a wide variety of inventory on hand.
The average sale price of residential properties, including condominiums, sold in May in the Ottawa area was $370,501, an increase of 2.1 per cent over May 2012. The average sale price for a condominium-class property was $262,467, a decrease of 2.3 per cent over May 2012. The average sale price of a residential-class property was $394,331, an increase of 2.3 per cent over May 2012.
Since every neighbourhood differs slightly, I would be happy to provide you with a market evaluation of your home – or help you find that home of your dreams. I am only a phone call away and happy to help.
Chris