Courtesy of Lynda & Greg
March Resale Market Goes Out Like a Lion OTTAWA, April 5, 2017 - Members of the Ottawa Real Estate Board sold 1,485 residential properties in March through the Board’s Multiple Listing Service ® System including 314 condominium properties. “The busy spring selling season descended upon Ottawa early this year,” remarks Rick Eisert, President of the Ottawa Real Estate Board. “Unit sales for March marked the second-best on record... We’re also starting to see properties move faster, with the average cumulative days on market sitting at 82 days. With all these positive numbers, it’s still important to emphasize that price and conditions vary from neighbourhood to neighbourhood.” The average sale price of a residential-class property sold in March in the Ottawa area was $415,467, up 5.3 per cent over March 2016. The average sale price for a condominium- class property was $272,597. “The two most active price points in the residential market in March were the $300,000 to $399,999 and the $400,000 to $499,999 range, accounting for 53.7 per cent of the market. Within the condo market, the most active price range was in the $150,000 to $249,999, accounting for 51.2 per cent of the market,” says Eisert. Source: Ottawa Real Estate Board
AVERAGE SALE PRICE $415,467 detached
UP 5.3% year-to-year
AVERAGE SALE PRICE
UP 5.3% year-to-year
DAYS ON MARKET
Stats are Reflective of March 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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