Ottawa’s Real Estate Marketplace ~ August 2015 Edition
It took an average of 78 days for a property to sell last month which is 4 days longer than the average in June and 4 days longer than July of last year.
Of these 1,436 sales, 1,165 were freehold houses, and 271 were condominiums.July‘s average home price for all properties sold was $368,509, up 3.3% from last year.
The average sales price for a freehold house sold last month, was $394,889, showing an increase of 4.5% over last year.
Condominium average prices dropped 2.6% from last year to $255,102.
2,971 new properties were listed for sale in July, bringing the total number of properties for sale to 9,292 an increase of 9.2% over this time last year.