Posts Tagged ‘market stats’
Last month was the best November on record for resale home sales in Ottawa. The last time we saw sales numbers anywhere close to that number was in 2001. It speaks well for the stability of our market that even in the quieter months of the year, our market is still thriving.
Condos were the main driver of resale home sales in October, with condo sales up 14.5 per cent from the same month in 2010, whereas residential property sales numbers were near-identical to last year’s.
Not much has changed in the Ottawa resale housing market since last month. Sales remain slightly above average, prices continue to appreciate at a moderate rate, and homes are taking about the same amount of time to sell.
What a difference a year makes. Last summer the real estate market was reeling from the implementation of the HST that saw many buyers and sellers move up their purchases to the winter and early spring. 2011 is a different story, one that looks a lot more like the average year for Ottawa’s resale housing market.
Members of the Ottawa Real Estate Board sold 1,659 residential properties in May through the Board’s Multiple Listing Service® system compared with 1,686 in May 2010, a decrease of 1.6 per cent.Of those sales, 369 were in the condominium property class, while 1,290 were in the residential property class. The condominium property class includes any… Read More >>
Average Home Prices in Ottawa From January 2005- April 2011 MLS Residential Sales Percentage Increase or Decrease over Previous Year Residential and Condominium Resale Activity From 1980-2010
Unit sales 0f 1,536 was a decrease of 16.5% in April 2011 compared to April 2010 while the average sale price increased by 5% to $351,226. The number of new listings at 2,810 was 6.5% less than last April. As a result listing inventory grew by only 10% over March 2011. Because sellers held off putting their properties on the… Read More >>
Members of the Ottawa Real Estate Board sold 1,232 residential properties in March through the Board’s Multiple Listing Service® system compared with 1,495 in March 2010, a decrease of 17.6 per cent. The five-year average for home sales in March is 1,256. Monthly News Release March 2011
When renovating a home, it’s always important to have a good handle on what your home is worth before you start and what it will be worth, or at least should be worth, when the work is done. We often see people spending too much money on their renovations and then when it comes time… Read More >>
Unit sales were 9% lower this February compared to last year’s record high February. The average sale price continues to rise and was at $338,408 in February and the average selling time dropped from 44 days in January to 33 days in February. New listings coming on the market were up over January but were less than February 2010. The listing… Read More >>
Members of the Ottawa Real Estate Board sold 675 residential properties in January through the Board’s Multiple Listing Service® system compared with 719 in January 2010, a decrease of 6.1 per cent.
Average home prices in Ottawa from 2004-2010 Chart showing the housing price (%) increase or decrease over previous year Residential and condominium resale activity from 1980-2009