During the month of October 2014, members of the Ottawa Real Estate Board sold 1,121 residential properties,compared to 1,089 in Oct.last year. An increase of 2.9% in total number of properties sold.
It took an average of 88 days for a property to sell last month which is 3 days longer than the average in September.
Of these 1,121 sales, 927 were houses, and 194 were condominiums.
Octobers average price for all properties sold was $355,813. Down 1.2% from last year.
The average sales price for a freehold home sold last month was $369,540. Down 3.2% from October 2013.
The average sales price for a freehold home sold last month was $369,540. Down 3.2% from October 2013.
Condominium average prices Jumped 7.3% compared to last year, to $290,224, this increase is largely due to 6 sales over $1,000,000. (More on this later)
2,368 New properties were listed for sale in October, bringing the total number of properties for sale up to 7,550 an increase of 12.5% over last year.
The Tulip Team Blog 