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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