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Ottawa condo market statistics update for November 2010

According to a recent report by the Ottawa Real Estate Board, real estate sales in the Ottawa area for October 2010 were 1042, compared to 1197 for October 2009.  This represents a decrease of 12.9%.  Since 2009 was a record setting year and the 2010 stats are an average of 2% lower, the 2010 year to date represents a balancing of the Ottawa real estate market.

Of the 1042 sales in Ottawa, 221 were condominiums.  The average price of a condominium in October was $263,292, while the average price of a residential dwelling in October was $361,560, almost a $100,000 difference.

For a more detailed analysis of the Ottawa real estate market, including why a condominium might be the right choice for you and your family, contact the Renaud Otten Team at 613-288-2455.

Posted Monday, November 15, 2010 by Martin Bouma
Tags: ottawa condo statistics,ottawa condos

Ottawa Condo Market Statistics for May and June 2010

In May 2010, the Ottawa Real Estate Board reports 510 condos listed for sale and 348 condo sold in the Ottawa area.

In June 2010, there were 558 Ottawa condos listed for sale and 361 condos sold.

The June numbers represent an 9.4% increase in listings and a 3.7% increase in sales from the May numbers.

If you are looking for more detailed statistics such as average price per home and average days on market, simply contact one of our sales representatives at 613-288-2455 or toll free at 1-800-341-1590.

Talk to you soon!

Posted Monday, July 26, 2010 by Martin Bouma
Tags: ottawa condo sales, ottawa condos for sale