Ottawa’s Real Estate Marketplace ~ August 2015 Edition

Ottawa’s Real Estate Marketplace ~ August 2015 Edition

August 2014 Ottawa Real Estate Infograph  During the month of July 2015, members of the Ottawa Real Estate Board sold 1,436 residential properties,  compared to 1,440 in August of last year,  a decrease of 0.3% in total number of properties sold.

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.

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