Ottawa real estate monthly report month of  Apr, 2017
The number of sold properties in Ottawa in March 2017, 314 condominiums and 1,171 residential properties, the total of 1,485 compared with 1,160 in March 2016 an increase of 28%.

The average sale price for condominium-class property was $272,597 an increase of 5.3% from March 2016.

The average sale price for residential-class property was $415,467an increase of 5.3% from March 2016.

“The number of properties listed in March experienced a decrease over last year, so the inventory is so low and the number of multiple offers are so high. Fifty properties sold over $1 Million in the first quarter of 2017, compared to only 22 in the first quarter of 2016, These high-end property sales are taking place throughout the market with Rockcliffe Park, The Glebe, and Westboro leading the way”

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