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Chantel Brownlee

Sales Representative

Cell: 613.831.7299 | Office: 613.831.7299

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Real Estate Blog

As we head into the last quarter of the year, it's hard to believe but the holiday season is just around the corner!

Members of the Ottawa Real Estate Board sold 1,387 residential properties in September through the Board’s Multiple Listing Service® System, compared to 1,365 in September 2016, an increase of 1.6%. The 5-year average for September sales is 1,250. Condo sales have continued to improve each month since February. The low inventory and the late summer weather have contributed to great sales numbers, but after a record-breaking spring and summer, there are indications that the 4th quarter will be a more typical selling season. Properties continue to sell faster in comparison to this time last year, and our market is still balanced, though

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Members of the Ottawa Real Estate Board sold 1,538 residential properties in August through the Board’s Multiple Listing Service® System, compared with 1,481 in August 2016, an increase of 3.8 per cent. The five-year average for August sales is 1,343.

Condo sales continue to strengthen the Ottawa resale market.  In comparison to last year the number of condo units sold was up 22.1 per cent, whereas residential units have held steady. 

Residential listings are selling almost 30 per cent faster than this time last year, and condo units are selling just over 10 per cent faster than last year.  Inventory has continued in a steady downward trend.

The average sale price of a residential class property sold in August in the Ottawa area was $420,335, an

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Members of the Ottawa Real Estate Board sold 1,530 residential properties in July through the Board’s Multiple Listing Service® System, compared with 1,490 in July 2016, an increase of 2.7 per cent. The five-year average for July sales is 1,446.

The Ottawa resale market continued its steady pace into mid-summer, with condo sales really bolstering the market this past month.  The condo market had been in a slump for the past few years. Many owners chose to rent when selling was difficult.  As rental leases are coming due, and the condo market is improving, some of these units are now back on the market for sale.  hen compared to numbers from 2016, residential properties in July 2017 are selling almost 22 per cent faster and condos just over 11 per cent

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The Ottawa market is thriving – after all, it is an affordable and desirable place to live. Members of the Ottawa Real Estate Board sold 2,162 residential properties in June through the Board’s Multiple Listing Service® System, compared with 1,985 in June 2016, an increase of 8.9 per cent. The five-year average for June sales is 1,818. Year-to-date sales numbers for the first half of the year are up in both the residential and condo property classes, combined coming in at a 13.5 per cent increase over the same time period in 2016. 

There has also been a rise in the lifestyle market with 46 over $1 million residential and/or condo units sold in June, and 171 units over $1 million sold since the beginning of the year – more than double the amount sold in

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The Spring Market continues to bloom!  Members of the Ottawa Real Estate Board sold 2,300 residential properties in May through the Board’s Multiple Listing Service® System, compared with 1,919 in May 2016, an increase of 19.9 per cent. The five-year average for May sales is 1,946. May 2017 was the best month EVER for unit sales, thanks in part to the condo market where sales have increased significantly.

Inventory levels are lower than normal and we are seeing more multiple offer situations and fewer days on market.  Prices, however, remain relatively steady.  The average sale price of a residential-class property sold in May in the Ottawa area was $436,625, an increase of 7.4 per cent over May 2016. The average sale price for a condominium-class

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The spring market is blossoming!

Members of the Ottawa Real Estate Board sold 1,795 residential properties in April through the Board’s Multiple Listing Service® System, compared with 1,711 in April 2016, an increase of 4.9%.  The five-year average for April sales is 1,613.

Lower inventory combined with increased demand indicates a trend towards a seller’s market and is creating more multiple offer situations and faster sales.  The average days on market is currently just 71 days.

The average price of a residential class property sold in April in the Ottawa area was $435,883 – an increase of 7.9% over April 2016.  The average sale price for a condominium-class property was $268,553 – an increase of 2.9% over April 2016.

There is a continuing

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The March resale market went out like a lion!!  

The Spring Market started early this year.  Members of the Ottawa Real Estate Board sold 1,485 residential properties in March through the Board’s Multiple Listing Service® System, compared with 1,160 in March 2016, an increase of 28 per cent. Unit sales for March marked the second best on record, only 13 units down from the record set in March 2010. We’re also starting to see properties move faster, with the average cumulative days on market sitting at 82 days.

More multiple offer situations are taking place than we’ve had in a while, mostly due to lower inventory levels.  As well, a higher number of properties in the over $1 million price range were sold in March continuing the trend we’ve been

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The spring market is at the starting gate and ready to take off! Members of the Ottawa Real Estate Board sold 1,010 residential properties in February through the Board’s Multiple Listing Service® System, compared with 908 in February, an increase of 11.2 per cent. The five-year average for February sales is 872.  Numbers continue to indicate a positive trend

A total of 2,066 homes were listed in February, up almost 25 per cent from January, while inventory on hand is still low compared to last year. Now is a great time to list your home in anticipation of the increase of buyer interest that will pick up as soon as the weather trends improve.

The average sale price of a residential-class property sold in February in the Ottawa area was $417,374, an

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All in all, 2016 was a great year for real estate.  Members of the Ottawa Real Estate Board sold 715 residential properties in December through the Board’s Multiple Listing Service® System, compared with 703 in December 2015, an increase of 1.7 per cent. The five-year average for December sales is 656. The total number of residential and condo units sold through the Board’s MLS® System throughout all of 2016 was 15,537, compared with 14,653 in 2015, an increase of six per cent.

While prices remained fairly flat over the course of the year, the unit sales recorded in five separate months were the highest on record, including December.

The average sale price of a residential class property sold in December in the Ottawa area was $420,750, an increase

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Members of the Ottawa Real Estate Board sold 995 residential properties in November through the Board’s Multiple Listing Service® System, compared with 986 in November 2015, an increase of 0.9 per cent. The five-year average for November sales is 939.

After a few very busy months, the Ottawa market has settled down to a more typical November.  Very welcome news is that the condo market seems to be on the rise with sales for November 2016 16.2% higher than the same time last year. This has been an exceptional year for Ottawa real estate with year-to-date unit sales at the end of November higher than they have ever been at this time.

The average sale price of a residential-class property sold in November in the Ottawa area was $405,320 – an increase

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