Ottawa real estate monthly report month of Mar, 2018
Welcome to Ottawa Living. Your Real Estate Resource for the FAMILIES of National Capital.
The number of sold properties in Ottawa in February 2018,250 condominiums and 729 residential properties, the total of 979 compared with 1,002 in February 2017 a decrease of 2.3%.
The average sale price for condominium-class property was $273,174 an increase of 5.6% from February 2017.
The average sale price for residential-class property was $429,600 an increase of 2.7% from February 2017.
"There is no doubt our sales numbers would have been much higher if we had more properties available for sale. Buyer demand is there, but our inventory in both residential-class and condos continues to decline. This is creating a supply side issue in the Ottawa real estate market.”
Ottawa buyers should expect higher prices in spring and summer market. Right now we’re moving towards seller`s market, buyers having to pay over asking price and we’re seeing bidding wars after many years in Ottawa`s market.
The best of Ottawa is yet to come. New Neighbourhoods, New Communities, New Families, New Memories. A wonderful opportunity to be a part of growth for an expanding city.
Our role to 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:
The number of sold properties in Ottawa in February 2018,250 condominiums and 729 residential properties, the total of 979 compared with 1,002 in February 2017 a decrease of 2.3%.
The average sale price for condominium-class property was $273,174 an increase of 5.6% from February 2017.
The average sale price for residential-class property was $429,600 an increase of 2.7% from February 2017.
"There is no doubt our sales numbers would have been much higher if we had more properties available for sale. Buyer demand is there, but our inventory in both residential-class and condos continues to decline. This is creating a supply side issue in the Ottawa real estate market.”
Where is the current Ottawa Real Estate Market?
Ottawa buyers should expect higher prices in spring and summer market. Right now we’re moving towards seller`s market, buyers having to pay over asking price and we’re seeing bidding wars after many years in Ottawa`s market.
The best of Ottawa is yet to come. New Neighbourhoods, New Communities, New Families, New Memories. A wonderful opportunity to be a part of growth for an expanding city.
Our role to 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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