A Look at: 90 George Street, a statistical review.

90 Groerge Street, condo 1006 Photo .1 of the outside of the building by the Media CentreEvery area of the city has its own character, pros and cons, and micro real estate market. So every once in a while we like to delve into the ultra-local statistics of a neighbourhood.

Today we are going to take a look at: 90 George St. Just the one condo building in the Byward Market, due to its unique nature, design, location and amenities it really is its own neighbourhood.

Completed in 2009 the Five Star condo complex has seen a grand total of 14 resales in 2 years, or about 7 sales/year (keep in mind the builder is still selling unoccupied units as well).

As of December 5th, 2011 there were 6 active condos for sale in the building an 1 conditionally sold unit…so if the tread held true there are enough condos for sale in the building to last through 2012.  Luckily that’s not the case as people shop around between neighbourhoods/condo buildings too.

When we dig deep into the sales, the longest taking 133 days to sell, and the quickest sold in 2 days, we find a trend, the condos under $425,000 at 90 George, sell quickly…and those over take a lot longer.

HomeTeamOttawa.com is owned and operated by Sylvie Begin, Broker  613-788-2113 of Keller Williams Ottawa Realty, Independently Owned and Operated 613-236-5959

Not intended to solicit business from anyone under contract with a REALTOR ©

What are your thoughts?

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.