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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 1,165 residential properties in November through the Board’s Multiple Listing Service® System, compared with 1,232 in November 2017, a decrease of 5.4%. The five-year average for November sales is 1,055. The Ottawa Market problem is still one of supply.  Our numbers would be much higher if there was available inventory.  Realtors® have active buyers waiting for an opportunity and sellers are waiting to list until they can find something to buy. 

The average sale price of a residential-class property sold in November in the Ottawa area was $429,039, an increase of 2.6% over November 2017. The average sale price for a condominium-class property was $285,764, an increase of 11.1% from this month last year. The

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Members of the Ottawa Real Estate Board sold 1,383 residential properties in October through the Board’s Multiple Listing Service® System, compared with 1,237 in October 2017, an increase of 11.8%. The five-year average for October sales is 1,223. Year-to-date average Days on Market (DOMs) are down 14% from 45 to 39 days for residential homes and down 24% from 68 to 51 days for condominiums.

Lack of supply continues to be a major factor. Our current active inventory is less than half of what it was in 2015/2016. Compared to this time last year, condo inventory is down 34.5% while residential inventory is down 17.5%.

The average sale price of a residential-class property sold in October in the Ottawa area was $449,005, an increase of 5.7% over

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Inventory issues on the supply side continue into the fall market.  Members of the Ottawa Real Estate Board sold 1,393 residential properties in September through the Board’s Multiple Listing Service® System, compared with 1,383 in September 2017, an increase of only 0.7 per cent. The five-year average for September sales is 1,303. Condos continue to represent a greater proportion of year-to-date unit sales with a 15 per cent increase from this time in 2017.

Autumn leaves may be falling, but Ottawa housing prices are not! The average sale price of a residential-class property sold in September in the Ottawa area was $449,613, an increase of 7.9 per cent over September 2017. The average sale price for a condominium-class property was $282,781, an

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Our real estate market has had a busy summer and things are shaping up for a busy fall period as well. 

Members of the Ottawa Real Estate Board sold 1,586 residential properties in August through the Board’s Multiple Listing Service® System, compared with 1,535 in August 2017, an increase of 3%. The five-year average for August sales is 1,417. 

The average sale price of a residential-class property sold in August in the Ottawa area was $433,684, an increase of 3.1% over August 2017. The average sale price for a condominium-class property was $276,720, an increase of 2.2% from August 2017. The demand for condos continues to be a driving factor in the Ottawa real estate market, likely due to the lack of rental availability. 

Ottawa continues to be

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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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