Ottawa real estate monthly report month of Apr, 2017
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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”
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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