Courtesy of Lynda
Steady September Contributes to Strong Third Quarter for 2017 October 4, 2017 - Members of the Ottawa Real Estate Board sold 1,387 residential properties in September through the Board’s Multiple Listing Service® System, compared with 1,365 in September 2016, an increase of 1.6 per cent. The five-year average for September sales is 1,250. “We are seeing no slowdown in the condo market. Sales have been increasing in this property class since February, with the average increase per month coming in at 25.5 per cent,” says Rick Eisert, President of the Ottawa Real Estate Board. “The boost in condo sales has impacted our year-to-date unit sale figures and is putting us on track for a strong year- end finish.” September’s sales included 311 in the condominium property class, and 1,076 in the residential property class. The average sale price of a residential-class property sold in September in the Ottawa area was $416,464, an increase of 8.2 per cent over September 2016. The average sale price for a condominium-class property was $261,548, an increase of 3.9 per cent over September 2016. Source: Ottawa Real Estate Board
AVERAGE SALE PRICE $416,464 residential
UP 8.2% year-over-year
AVERAGE SALE PRICE
UP 3.9% year-over-year
Stats are Reflective of September 2017
Source: Ottawa Real Estate Board
Market values stated are of the average of Ottawa and surrounding region. Individual home market values will vary and are affected by factors such as location, size, interior and exterior condition. Please call to get an up-to-date evaluation of your home.
Lynda CAMPBELL BILINGUAL SALES REPRESENTATIVE
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