The July 2021 Ottawa Real Estate Board Stats are out! Market Snapshot: The slow down in the Ottawa resale market is typical for July as Buyers and Sellers turn their attention to their vacations and other outdoor recreational activities. We are seeing housing stock increase and prices begin to stabilize which may indicate that Ottawa’s […]
Market Snapshot: The numbers are up again as this past months unit sales increased 19% from this time last year!
Ottawa’s resale market offers solid returns for many Sellers, while Buyers continue to feel the squeeze. Those most impacted are especially those attempting to enter the housing market. Multiple offers are a common occurrence with over 57% of properties selling over the listing price compared to 33% of transactions last July.
If you're considering a move we're here to help answer any questions you have, in this market you'll want a qualified, professional real estate company protecting your interests. Message us anytime!
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Market update: March 2020. While we are thankful to have been named an essential service, Realtors® and brokerages everywhere are working together to ensure that necessary protocols are in place to ensure public safety in this new reality. As trusted advisors, committed to flattening the curve, our industry is finding creative ways to use technology to assist clients who are in urgent need to buy or sell. While the beginning of the month there was plenty of activity as the spring market started to heat up, when the Ontario State of Emergency began, our industry rightly made the adjustments necessary
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Ottawa Real Estate Highlights December 2019 Record-Breaking 2019 Closes Out Decade Another record breaking year in both the number of sales & average prices! The average sale price of a residential property crept up over $500K during several months in 2019, with the annual average sale price settling at just below $490,000. As we head into 2020 we anticipate that the prices will continue to increase, however even then, the Ottawa area real estate market remains one of the most affordable major cities in Canada. Highlights
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In Ottawa, we talk about the Spring market and the Fall market as being the two busiest seasons to buy and sell real estate in Ottawa. Our Spring market started earlier this year and instead of slowing down over the Summer it continued to be strong throughout the Summer months. Throughout the year we have seen consistent growth in both listing prices and sale prices. In June, the Ottawa residential average sale price climbed over $500K for the first time ever! There is also great news for condominiums. Now that condo prices have bounced back, more condo sellers are deciding
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Ottawa Real Estate Market update: August 2019 (September 5, 2019) If you’ve been following the Ottawa Real Estate market it probably won’t come as a surprise that both unit sales and prices were up last month, in spite of continuing issues with low supply. Heading into the fall months we don’t see any signs of our fast paced market slowing down. If you have any questions, we’re always here to chat! Market Highlights: Number of Sales: Total properties sold 1,731 compared with 1,581 in August 2018, an increase of 9.5 per cent. 1,300 in the residential-property class, up 9.7 per
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The Ottawa Real Estate Board recorded the highest number of July sales in 15 years! Real Estate Market Trends and Highlights July 2019 1,842 residential properties sold on MLS® in July 2019, compared with 1,605 in July 2018, an increase of 14.8 per cent. 1,382 in the residential-property class, up 12.3 per cent from a year ago 460 in the condominium-property category, a rise of 23 per cent from July 2018. The five-year average for July unit sales is 1,579. July’s average sale price for a condominium-class property was $299,665, an increase of 6.8 per cent from last year The
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Market Snapshot: June 2019 Ottawa Real Estate update. Condo Sales Continue to Dominate Resale Market | Ottawa Residential Average Sale Price Climbs over $500K for the first time ever!
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Highlights: Total properties sold : 2,423 in May through the Board’s Multiple Listing Service® System, compared with 2,271 in May 2018, an increase of 6.7 per cent. May’s sales included 1,869 in the residential property class, an increase of 4.6 per cent from a year ago. 554 in the condominium property class, an increase of 14.2 per cent from May 2018. The five-year average for May unit sales is 2,167. Average sale price for a condominium-class property was $297,731, an increase of 5.8 % over May 2018 Average sale price of a residential-class property was $493,691, a rise of 6.4%
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Ottawa Real Estate Highlights April 2019: There’s been an upward pressure on prices due to the continuing lower supply levels (residential supply is down 18%, and condo inventory is down almost 40% from last April 2018 according to the latest OREB stats). However these price points are “still well under the Canadian average, and our residents tend to be in comfortable financial situations due to secure employment and a thriving local economy.” [President of the Ottawa Real Estate Board] who also notes that “Certainly, the stunted supply is likely responsible for the multiple offer situations we are experiencing, but the reality
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