Ottawa Real Estate Statistics for the Month of May.

Real Estate agent, Patrick Walchuk reports on the real estate activity in Ottawa for May 2013. This movie covers residential homes and condos.

Find out how many homes are selling, how long they are currently taking to sell, and what the average price is for a home or condo in Ottawa.

The Ottawa Real Estate Board reports an upswing in home sales for April….

Ottawa, May 3, 2013 - Members of the Ottawa Real Estate Board sold 1,573 residential properties in April through the Board’s Multiple Listing Service® system, compared with 1,568 in April 2012, an increase of 0.3 per cent.

“The Ottawa market is doing well, and gaining ground back since the “cool-down” of the market for the past five months,” says President of the Ottawa Real Estate Board. “We are on par with the strong sales of last April, and the resale market is up 34.9 per cent since last month. With the late onset of warmer weather, the traditional “spring market” saw its upswing a little later this year. With interest rates continuing to be low, Ottawa remains a healthy, stable market.”

April’s sales included 302 in the condominium property class, and 1,271 in the residential property class. The condominium property class includes any property, regardless of style (i.e. detached, semi-detached, apartment, stacked etc.), which is registered as a condominium, as well as properties which are co-operatives, life leases and timeshares. The residential property class includes all other residential properties.

The average sale price of residential properties, including condominiums, sold in April in the Ottawa area was $371,565, an increase of 2.1 per cent over April 2012. The average sale price for a condominium-class property was $266,596, a decrease of 2.3 per cent over April 2012. The average sale price of a residential-class property was $396,507, an increase of 2.9 per cent over April 2012.

The Board cautions that average sale price information can be useful in establishing trends over time but should not be used as an indicator that specific properties have increased or decreased in value. The average sale price is calculated based on the total dollar volume of all properties sold.

The Ottawa Real Estate Board is an industry association of over 2,900 sales representatives and brokers in the Ottawa area. Members of the Board are also members of the Canadian Real Estate Association.

Ottawa Real Estate Statistics
Where’s the Market at for April 2013 ?

Patrick Walchuk reports on the most recent real estate statistics for Ottawa.

Have an opinion about Ottawa Real Estate Stats, tell us below…

Ottawa Real Estate Statistics March 2013.

Patrick Walchuk, a real estate agent in Ottawa gives you the selling prices for homes and condos as well as the current trends and inventory levels.

This month sees another decline in the Ottawa Condo Market, watch the movie for all the news and information…

Here’s the numbers from the Ottawa Real Estate Board…

Ottawa, March 5, 2013 - Members of the Ottawa Real Estate Board sold 914 residential properties in February through the Board’s Multiple Listing Service® system, compared with 1,008 in February 2012, a decrease of 9.3 per cent.

“It is clear that the Ottawa resale market has slowed down in comparison to this time last year,” says the President of the Ottawa Real Estate Board. “The government was successful in its quest to “cool down” the market. However, if we look at this month’s sales, in comparison to last month’s sales, the market seems to be picking back up as we approach the busy spring season – 315 more homes were sold in February, over January, even with three fewer days.” 

February’s sales included 224 in the condominium property class, and 690 in the residential property class. The condominium property class includes any property, regardless of style (i.e. detached, semi-detached, apartment, stacked etc.), which is registered as a condominium, as well as properties which are co-operatives, life leases and timeshares. The residential property class includes all other residential properties.

The average sale price of residential properties, including condominiums, sold in February in the Ottawa area was $346,774, a slight decrease of 1.1 per cent over February 2012. The average sale price for a condominium-class property was $264,953, a decrease of 3.1 per cent over February 2012. The average sale price of a residential-class property was $373,337 a slight decrease of 0.6 per cent over February 2012. 

The Board cautions that average sale price information can be useful in establishing trends over time but should not be used as an indicator that specific properties have increased or decreased in value. The average sale price is calculated based on the total dollar volume of all properties sold.

“Even with the slight decline in sales year-over-year, Ottawa continues to be a great place to buy and/or sell your home” says.

Talk to an Ottawa area REALTOR® for more information about the housing market outlook where you live, or want to live.

Where’s the Ottawa Real Estate Market at?

Sales are down in the Ottawa real estate market this month again.  Find out how much homes and condos are selling for in Ottawa right now, as well as inventory levels.

Mortgage rates are still at record low levels and there’s no signs of any drastic hikes in these rates…we might even see further decreases in interest rates the way the economy is going !