Ottawa real estate monthly report month of  Sep, 2017
The good news is that the condominium sales continue to strengthen the Ottawa resale market. The number of sold properties in Ottawa in August 2017, 359 condominiums and 1,179 residential properties, the total of 1,538 compared with 1,481 in August 2016 an increase of 3.8%.

The average sale price for condominium-class property was $270,768 a decrease of 0.4 % from August 2016. The number of condominium units sold was up 22.1% over this time last year, condominium units are selling just over 10% faster than last year.

The average sale price for residential-class property was $420,335 an increase of 7.6 % from August 2016. Residential units have held steady with a less than 1%. decrease over this time last year. Residential listings are selling almost 30% faster than this time last year.

“The inventory level is lower compare to last year and there were fewer multiple offer situations in the past month but Sellers have received asking price or very close to it."


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