Trump don’t Live Here – Ottawa’s 2012 Real Estate Market reviewed by Price Bracket
by Dave Williams
Between $300,000 and $350,000 was the best price range to sell a home in 2012. 2385 Homes sold between $300k-$350k representing 21.1% of all home sales in 2012 (11280).
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For the condo market the $250,000 to $225,000 price bracket was the top seller with 573 condos sold, or 18.9% of the total condo market for 2012.
The Fastest selling homes in Ottawa last year (2012) were in the $400,000 to $450,000 range, selling on average in 32 days.
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The Quickest selling condos for 2012 were priced between $225,000 and $250,000 sticking around on average for only 30 days.
% of Homes Sold
This one’s a shocker…but slightly exaggerated as there is a trend amongst OREB Members to cancel and re-list homes every 30-90 days to gain a new MLS # and move to the top of the list.
Other Articles in the Ottawa Real Estate 2012 Review Series:
1 – The Year of the Tortoise (or who let the hare have a nap?) – Ottawa’s 2012 Real Estate Market Overview
2 – A Moose is Loose in Orleans, or was that Barrhaven, no wait Kanata – Ottawa’s 2012 Real Estate Market Reviewed by Neighbourhood
3 – Trump don’t Live Here – Ottawa’s Real Estate Market reviewed by Price Bracket
4 – The Truth about Your Condo – Ottawa’s 2012 Real Estate Market reviewed by Style of Home
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