Ottawa’s Real Estate Marketplace ~ September 2014 Edition
During the month of August 2014, members of the Ottawa Real Estate Board sold 1,203 residential properties,compared to 1,216 in July last year. An decrease of 1.1% in total number of properties sold. It took an average of 82 days for a property to sell last month which is 12 days longer than July’s average.
Of these 1,203 sales, 984 were houses, and 219 were condominiums.
Augusts average price for all properties sold was $360,214. Up 3.4% from last year.
The average sales price for a freehold home sold last month was $381,628. Up 1.9% over August 2013.
Condominium average prices increased by 2.7% compared to last year, to $263,996.
2,407 New properties were listed for sale in August, bringing the total number of properties for sale up to 8,153 and increase of 13.5% over last year.
Let’s Take a look at the trends for Home Sales over the last two years.
Residential Home Sales are showing a positive growth over the last two years. There were 984 Residential Home Sales in August 2014
To see more about what’s going on in the Ottawa Real Estate Market visit HomeTeamOttawa.com
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