Google

Map of Central Ottawa, East Ottawa, South Ottawa, West Ottawa and the outlying Greater Ottawa Region

Central Ottawa West Ottawa East Ottawa South Ottawa Greater Ottawa

OTTAWA MAP SEARCH

Find your perfect neighbourhood using our community search to find Ottawa homes that best fit your lifestyle.

Young couple shopping in Westboro Village, Ottawa

NEIGHBOURHOOD SPOTLIGHT

Westboro is a trendy and vibrant community located along the Ottawa River. With an increasingly lively street scene, it is establishing itself as Ottawa’s destination for food, shopping and nightlife.

TWITTER UPDATES

sidebar divider - Ottawa real estate website

News & Resources. More Blog.

Your resource for More Ottawa Real Estate (M.O.R.E) information, market news updates and the occasional mindless rambling from Jeff.

 
Back to Blog

Members of the Ottawa Real Estate Board sold 1,660 residential properties in June through the Board’s Multiple Listing Service® system, compared with 1,719 in June 2011, a decrease of 3.4 per cent.June’s sales included 365 in the condominium property class, and 1,295 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.

 

“Although there is a slight decrease in the number of residential properties sold this June, compared to June 2011, it seems to be the norm throughout the years,” says Ansel Clarke, President of the Ottawa Real Estate Board. “For the past 10 years, with the exception of June 2011, sales have consistently and marginally decreased from May to June. This shows stability in the market, and also represents a continued steady market.”

 

The average sale price of residential properties, including condominiums, sold in June in the Ottawa area was $352,800, a slight decrease of 0.1 per cent over June 2011. The average sale price for a condominium-class property was $278,447, an increase of 0.8 per cent over June 2011. The average sale price of a residential-class property was $373,756, a slight decrease of 0.4 per cent over June 2011. 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.

 

(Information courtesy of the OREB)

Comments

No comments

Post Your Comment:

*indicates required fields.
Your Name:*
Please note, your email will not be shown publicly
Your Email (will not be published):*
Comment:*
Please type the text as it appears above:

Copyright ©2012 Jeff Birchmore | Sitemap | Contact

Website designed by myRealDESIGN. Powered by myRealPage.

The trademarks MLS®, REALTOR®, and the associated logos are owned or controlled by The Canadian Real Estate Association. Used under license.