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Chantel Brownlee

Sales Representative

Cell: 613.831.7299 | Office: 613.831.7299

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Real Estate Blog

Members of the Ottawa Real Estate Board sold 1,614 residential properties in July through the Board’s Multiple Listing Service® System, compared with 1,524 in July 2017, an increase of 5.9 per cent. The five-year average for July sales is 1,501. Ottawa’s condo market continues to positively impact overall residential sales trends with year-to-date condo unit sales up 16.5 percent from this time last year.

Inventory levels are improving which will help ease pressure on prices.

The average sale price of a residential-class property sold in July in the Ottawa area was $441,206, an increase of five per cent over July 2017. The average sale price for a condominium-class property was $280,526, an increase of 5.3 per cent from July 2017.

There has been

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Members of the Ottawa Real Estate Board sold 2,070 residential properties in June through the Board’s Multiple Listing Service® System, compared with 2,163 in June 2017, a decrease of 4.3 per cent. The five-year average for June sales is 1,914.

Condo unit sales have led the way – likely due to lack of inventory in the lower price points of the single family resale market and an increase in the price of new builds.  Buyers are turning towards condominium units as a way of achieving ownership at a price they can afford. The oversupply in our condo market that once was an issue is now helping to ease our overall inventory shortage.

Inventory is turning over more quickly. Days on Market (DOM) has decreased by 18% for residential homes and by 27% for

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Members of the Ottawa Real Estate Board sold 2,279 residential properties in May through the Board’s Multiple Listing Service® System, compared with 2,294 in May 2017, a decrease of 0.7 per cent. The five-year average for May sales is 2,041.

Although our overall inventory stock is down in both the residential and condo market, the number of listings coming onto the market this month is typical spring activity.  Inventory is turning over quickly – a sign that Ottawa is a healthy real estate market.

The average sale price of a residential-class property sold in May in the Ottawa area was $464,401, an increase of 6.3 per cent over May 2017. The average sale price for a condominium-class property was $281,247, an increase of 3.4 per cent from May 2017.

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Members of the Ottawa Real Estate Board sold 2,032 residential properties in April through the Board’s Multiple Listing Service® System, compared with 1,788 in April 2017, an increase of 13.6 per cent. The five-year average for April sales is 1,704. April’s sales included 416 in the condominium property class and 1,616 in the residential property class.

The average sale price of a residential- class property sold in April in the Ottawa area was $455,212, an increase of 4.2% over April 2017.  The average sale price for a condominium property was $269,294, an increase of 0.3% from April 2017.

Certain areas in Ottawa continue to experience limited supply with both residential and condo inventory down 23.7% from the same month last year.  People are

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In spite of continued low inventory levels, we are still seeing more sales than last year – listings simply are not staying on the market!  Properties priced well are selling very quickly.  Members of the Ottawa Real Estate Board sold 1,660 residential properties in March through the Board’s Multiple Listing Service® System, compared with 1,478 in March 2017, an increase of 12.3 per cent. The five-year average for March sales is 1,339.

The average sale price of a residential-class property sold in March in the Ottawa area was $447,561, an increase of 8 per cent over March 2017. The average sale price for a condominium-class property was $275,592, an increase of 0.7 per cent from March 2017. With stable pricing in the condominium market and reasonable

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Members of the Ottawa Real Estate Board sold 979 residential properties in February through the Board’s Multiple Listing Service® System, compared with 1,002 in February 2017, a decrease of 2.3 per cent. The five-year average for February sales is 922. One reason for the slightly lower numbers is the lack of inventory.  Buyer demand is there, but inventory in both residential and condo classes continues to decline.  It’s a great time to get your property on the market if you are thinking of selling!

The average sale price of a residential-class property sold in February in the Ottawa area was $429,600, an increase of 2.7 per cent over February 2017. The average sale price for a condominium-class property was $273,174, an increase of 5.6 per cent from

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Members of the Ottawa Real Estate Board sold 712 residential properties in January through the Board’s Multiple Listing Service® System, compared with 664 in January 2017, an increase of 7.2 per cent. The five-year average for January sales is 638. Unit condo sales have seen an increase of 45% from 119 units sold in January 2017 to 173 units in January, 2018.   The five-year average for new listings in January is 1,396 for residential and 500 for condominiums. January 2018’s listings were at 994 and 406 respectively. We saw this trend throughout 2017, and the result is our resale market is being challenged by decreasing supply in both the residential and condo markets. Furthermore, as supply decreases, it will tend to put an upward pressure on…
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What a year it was!  The total number of residential and condo units sold through the Board’s MLS® System throughout all of 2017 was 17,083 vs 15,526 in 2016, an increase of 10%.  Residential sales volume was up 16% and the condo market up 22% increase in the number of units sold.  Average 2017 residential sale price was $425,063, an increase of 6.8% over 2016, while the average condominium sale price was $269,903, an increase of 3.4% over 2016.

For the month of December, members of the Ottawa Real Estate Board sold 771 residential properties through the Board’s Multiple Listing Service® System compared with 711 in December 2016, an increase of 8.4%. The 5-year average for December

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Members of the Ottawa Real Estate Board sold 1,239 residential properties in November through the Board’s Multiple Listing Service® System compared with 992 in November 2016, an increase of 24.9 per cent. The five-year average for November sales is 1,001.  Both residential and condominium sales continue to steadily increase.  The announcement of stricter mortgage regulations coming into play in January 2018 may be contributing to this.  REALTORS® could very well see a busier than usual holiday season.   The average sale price of a residential-class property sold in November in the Ottawa area was $418,354, an increase of 3.2 per cent over November 2016. The average sale price for a condominium-class property was $257,212, a decrease of 7.6 per cent…
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Temperatures may be falling, but the Ottawa real estate market is thriving!  Members of the Ottawa Real Estate Board sold 1,243 residential properties in October through the Board’s Multiple Listing Service® System, compared with 1,214 in October 2016, an increase of 2.3%. The five-year average for October sales is 1,165. Condominium sales are up 21.4% over last year. Properties continue to sell faster than this time last year with average days on market down 17.7% (from 55 to 45 days).

Slow but steady growth best describes Ottawa housing prices. The average sale price of a residential-class property sold in October in the Ottawa area was $425,256, an increase of 7.7 per cent over October 2016. The average sale price for a condominium-class property

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