Ottawa real estate monthly report month of Jun, 2018
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The number of sold properties in Ottawa in May 2018,485 condominiums and 1,794 residential properties, the total of 2,279 compared with 2,294 in May 2017 a decrease of 0.7%.
In the first five months of 2018, the value of a single-family home has increased about 8% and approximately 6.5% for condominiums.
The average sale price for condominium-class property was $281,247 an increase of 3.4% from May 2017.
The average sale price for residential-class property was $464,401 an increase of 6.3% from May 2017.
Ottawa is now a seller’s market for the first time in 16 years. Houses in range of $300,000 and $449,000 are in a high demand. Our inventory stays at a low level, especially in some neighborhoods, there will continue to be upward pressure on home prices, especially in center, south, and west of Ottawa bidding war and multiple offers pushing prices upward. We definitely have the demand for housing in this city not only because it is still very affordable but because all the fundamentals are solid here.
Our role in this exciting new Ottawa Community is to act as your trusted Real Estate Advisors helping you protect property values and enhance the quality of life. Call us anytime; it is never too early or too late to speak to us. We look forward to your call.
We are able to determine the market growth in every neighborhood in Ottawa, So if you are interested to know about real estate trends in any areas in Ottawa, please Contact us
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The number of sold properties in Ottawa in May 2018,485 condominiums and 1,794 residential properties, the total of 2,279 compared with 2,294 in May 2017 a decrease of 0.7%.
The average sale price for condominium-class property was $281,247 an increase of 3.4% from May 2017.
The average sale price for residential-class property was $464,401 an increase of 6.3% from May 2017.
Where is the current Ottawa Real Estate Market?
Ottawa is now a seller’s market for the first time in 16 years. Houses in range of $300,000 and $449,000 are in a high demand. Our inventory stays at a low level, especially in some neighborhoods, there will continue to be upward pressure on home prices, especially in center, south, and west of Ottawa bidding war and multiple offers pushing prices upward. We definitely have the demand for housing in this city not only because it is still very affordable but because all the fundamentals are solid here.
Our role in this exciting new Ottawa Community is to act as your trusted Real Estate Advisors helping you protect property values and enhance the quality of life. Call us anytime; it is never too early or too late to speak to us. We look forward to your call.
We are able to determine the market growth in every neighborhood in Ottawa, So if you are interested to know about real estate trends in any areas in Ottawa, please Contact us
Feedback:
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