Ottawa’s Real Estate Marketplace ~ May 2015 Edition
During the month of April 2015, members of the Ottawa Real Estate Board sold 1,570 residential properties, compared to 1,419 in April of last year, an increase of 10.6% in total number of properties sold. It took an average of 74 days for a property to sell last month which is 9 days shorter than the average in March and about 4% shorter than last April.
Of these 1,570 sales, 1,312 were freehold houses, and 258 were condominiums.
April’s average home price for all properties sold was $380,583, up 1.7% from last year.
The average sales price for a freehold house sold last month, was $403,239, showing an increase of 0.9% over last year.
Condominium average prices increase 2.7% from last year as well to 265,371.
3,750 new properties were listed for sale in April, bringing the total number of properties for sale to 8,872 an increase of 12.7% over this time last year.
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