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.

RSS

Spring Real Estate Market Finally Arrives in Ottawa

 

ottawa_spring_tulipsMembers of the Ottawa Real Estate Board sold 1,573 residential properties in April through the Board’s Multiple Listing Service® system, compared with 1,568 in April 2012, an increase of 0.3 per cent.

 

“The Ottawa market is doing well, and gaining ground back since the “cool-down” of the market for the past five months,” says Tim Lee, President of the Ottawa Real Estate Board. “We are on par with the strong sales of last April, and the resale market is up 34.9 per cent since last month. With the late onset of warmer weather, the traditional “spring market” saw its upswing a little later this year. With interest rates continuing to be low, Ottawa remains a healthy, stable market.”

 

April’s sales included 302 in the condominium property class, and 1,271 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.

 

The average sale price of residential properties, including condominiums, sold in April in the Ottawa area was $371,565, an increase of 2.1 per cent over April 2012. The average sale price for a condominium-class property was $266,596, a decrease of 2.3 per cent over April 2012. The average sale price of a residential-class property was $396,507, an increase of 2.9 per cent over April 2012.

 

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.

 

Should you have questions about the April statistics, home values in your specific Ottawa neighbourhood, or would like more information about where you’d like to live, please contact me, I’d love to hear from you.

 

(Information courtesy of the OREB)

Comments:

No comments

Post Your Comment:

* indicates required fields.
Your Name: *
Your email will not be published
Your Email: *
Comment: *
Please type the text as it appears above:

Copyright ©2012 Jeff Birchmore | Sitemap | Contact

Website designed by myRealDESIGN. Powered by myRealPage.

The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are member’s of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.