Archives for Real estate statistics

Ottawa Real Estate: May 2019 Market highlights

Highlights: Total properties sold : 2,423 in May through the Board’s Multiple Listing Service® System, compared with 2,271 in May 2018, an increase of 6.7 per cent. May’s sales included 1,869 in the residential property class, an increase of 4.6 per cent from a year ago.  554 in the condominium property class, an increase of 14.2 per cent from May 2018. The five-year average for May unit sales is 2,167. Average sale price for a condominium-class property was $297,731, an increase of 5.8 % over May 2018 Average sale price of a residential-class property was $493,691, a rise of 6.4%
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Ottawa Real Estate highlights & Market Snapshot April 2019

Ottawa Real Estate Highlights April 2019: There’s been an upward pressure on prices due to the continuing lower supply levels (residential supply is down 18%, and condo inventory is down almost 40% from last April 2018 according to the latest OREB stats). However these price points are “still well under the Canadian average, and our residents tend to be in comfortable financial situations due to secure employment and a thriving local economy.” [President of the Ottawa Real Estate Board]  who also notes that  “Certainly, the stunted supply is likely responsible for the multiple offer situations we are experiencing, but the reality
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Ottawa Real Estate Update: January 2019 Record-Breaking Home Sales!

January 2019: Record-Breaking Home Sales! February 5, 2019 Highlights Members of the Ottawa Real Estate Board sold 820 residential properties,  an increase of 15.8 % over January 2018. 611 in the residential property class, a rise of 14.2% over January 2018 209 in the condominium property class, an increase of 20.8% over January 2018 $432,829 was the average sale price of a residential-class property,  an increase of 1.5 percent over January 2018. The average sale price for a condominium-class property was $283,990, an increase of 7.7 percent over January 2018. Most active price point for residential-class sales was $300,000 to $449,999, accounting for
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Market Snapshot: Ottawa Real Estate December 2018

That’s a wrap: Ottawa Real Estate Market December 2018! As 2018 wrapped up, the inventory shortage has had a ripple effect; while residential sales were down slightly, it also fueled the condominium market. Overall, 2018 was another stellar year in Ottawa real estate!  If you’re thinking of making a move in 2019, we know real estate. We’d love to chat! Another Stellar Year for Ottawa’s Real Estate Market (excerpts below were taken from the Ottawa Real Estate Board’s news release January 4th) January 4, 2019 663 residential properties were sold by REALTORS® in the Ottawa Real Estate board compared with
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