Ottawa real estate monthly report month of Jul, 2018
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The number of sold properties in Ottawa in June 2018,455 condominiums, increased 11.5% from June 2017, and 1,914 residential properties, decreased 8% from June 2017. The total number of sold properties 2,070 compared with 2,163 in June 2017 a decrease of 4.3%.
The average sale price for residential-class property was $449,200 an increase of 3.4% from June 2017. The average sale price for condominium-class property was $293,303 an increase of 1.2% from June 2017.
The year to date average, Days on Market, for residential homes has decreased 18% from 46 days in 2017 to 37 days currently. For Condominiums, the Days on Market, has decreased from 71 days to 52 days, a 27% decrease from June 2017.
Ottawa is still a seller’s market and move forward at a reasonable pace. Undoubtedly, inventory remains low, but our property prices continue to be stable and affordable.
Our role in this exciting new Ottawa Community is to act as your trusted Real Estate Advisors helping you protect property values and enhance the quality of life. Call us anytime; it is never too early or too late to speak to us. We look forward to your call.
We are able to determine the market growth in every neighbourhood in Ottawa, So if you are interested to know about real estate trends in any areas in Ottawa, please Contact us
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The number of sold properties in Ottawa in June 2018,455 condominiums, increased 11.5% from June 2017, and 1,914 residential properties, decreased 8% from June 2017. The total number of sold properties 2,070 compared with 2,163 in June 2017 a decrease of 4.3%.
The average sale price for residential-class property was $449,200 an increase of 3.4% from June 2017. The average sale price for condominium-class property was $293,303 an increase of 1.2% from June 2017.
The year to date average, Days on Market, for residential homes has decreased 18% from 46 days in 2017 to 37 days currently. For Condominiums, the Days on Market, has decreased from 71 days to 52 days, a 27% decrease from June 2017.
Where is the current Ottawa Real Estate Market?
Ottawa is still a seller’s market and move forward at a reasonable pace. Undoubtedly, inventory remains low, but our property prices continue to be stable and affordable.
Our role in this exciting new Ottawa Community is to act as your trusted Real Estate Advisors helping you protect property values and enhance the quality of life. Call us anytime; it is never too early or too late to speak to us. We look forward to your call.
We are able to determine the market growth in every neighbourhood in Ottawa, So if you are interested to know about real estate trends in any areas in Ottawa, please Contact us
Feedback:
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