December’s statistics reflect the same story we’ve seen all year – historically low supply yet higher unit sales than in previous years. Days on market continued to decline, especially in certain pockets of the city, as properties that came on the market were snapped up by prepared buyers
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The Ottawa real estate market is seeing a low inventory of homes and condos. The City has seen good price growth in most urban and suburbans neighbourhoods since January. Although most homes are selling quickly with the average days on market for condos 51 days which is a 13.3% decrease from November of last year. Residential homes are also selling 10.5% quicker than November 2017. The average days on market for residential homes was 44 in November of 2018.
The most active price point continu...
The average price of a residential home in Ottawa has only increased slightly in October 2018 when compared to last year during the same period.
A total of 1,059 transacted on the Ottawa MLS by Ottawa's Realtors®. The average property prices have now reached an average of $449,000 up 5.7% over October 2017.
Average property prices for the condominium-class of properties has now reached an average of $271,350 up only 0.6% over last October.
Inventory of homes in Ottawa is down. At the end of O...
Ottawa has seen a very busy real estate market this summer. Houses and condos have been selling a rapid paste and we've seen good price growth in most areas of the City.
Another market that is very heated is Ottawa's rental market! It's a challenge for many to find a rental in our City. From August 1st 2016 to July 31st 2017 there was a total of 3,056 properties that rented through the Ottawa Real Estate Board's MLS.
When we compare this time period with the one of August 1st 2017 to July 31...
Ottawa's real estate market is seeing some great gains across the board. The best performing neighbourhoods in Ottawa compared with July 2017 have been Hintonburg / West Centre Town with a 12.1% increase, Barrhaven with a $12.7%, Manotick / Kars with a 10.4% increase, Blossom Park, Airport with a 10% increase, Overbrook and Castle Heights with a 10% increase, Elmvale Acres with a 9.8% increase and finally Kanata has seen a 9.6% increase in the last 12 months.
The benchmark prices are below.
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