More for Less, Reviewing September in Ottawa Real Estate by Dave Williams Here we are again, another month gone by in Ottawa and so Many More houses & condos are […]
What % of homes listed for sale in Ottawa sell by Dave Williams 4 Years ago over 60% of homes listed for sale would sell, today it’s less than 45%. […]
Ottawa Home Prices for the 1st Half of 2013 by Dave Williams For the first half of 2013, the average price of home and condo sales was $361,222 (What does […]
Ottawa’s 2013 Half Year in Real Estate Review of Sales by Dave Williams 2013 is half over, can you believe it. What a perfect opportunity to do a half year […]
While the residential market in Ottawa remains stead the big news this month was a 4.3% price drop in the average condo sale and a 13.8% drop in the number of condo sales. If your an entry level buyer, this is great news…although a little skewed.
page-2 Condo sales in Ottawa hit a 4 year low for May 2013, with only 326 re-sale condos selling, a nearly 10% drop from the previous year. Year to date 1241 re-sale condos have sold in Ottawa, 6.2% less than the 1323 that sold in the first 5 months of 2012. This segment of the market is showing the greatest lag in this year’s real estate market slow down. On the new construction side, there were 588 starts in Q1 of 2013 of Condominium apartments, 73% higher than the 339 that started construction in Q1 of 2012*
A Look at Just Home Sales in Ottawa, May 2013 by Dave Williams There’s been a lot of talk in the last week of the drop in home sales in […]
In our tale of two markets we’ve got one foot in the buyers market and one foot in the balanced market, Ottawa’s real estate market is straddling the fence.
Taking a look at the first four months of 2013, we are at about 92% of 2012 sales in the same time period, 4256 sales this year vs. 4646 in 2012. It looks grim, but this was fully expected with CMHC forecasting a drop back in November followed by a correction through the remainder of the year. So my prediction is a slight overall drop landing us at 97.2% of last years sales, or about 13900 by the end of the year.