Kris Sherry's Blog

2017 Ottawa Market Update

Posted on: January 4th, 2018 by Kris Sherry

What a year it was!  The total number of residential and condo units sold through the Board’s MLS® System throughout all of 2017 was 17,083 vs 15,526 in 2016, an increase of 10%.  Residential sales volume was up 16% and the condo market up 22% increase in the number of units sold.  Average 2017 residential sale price was $425,063, an increase of 6.8% over 2016, while the average condominium sale price was $269,903, an increase of 3.4% over 2016. For the month of December, members of the Ottawa Real Estate Board sold 771 residential properties through the Board’s Multiple Listing Service® System compared with 711 in December 2016, an increase of 8.4%. The 5-year average for December sales is 687.The average sale price of a residential class property sold in December was $434,098, an increase of 3.4% over December 2016. The average sale price for a condominium class property was $255,335, a decrease of 3% from December 2016. December saw an increase of 8.4% in the number of units sold in residential sales and 25% in condo sales. This could very well be attributed to the changes in the mortgage qualification rules implemented January 1, 2018. Since every area is different, if you are thinking of buying or selling, please do give me a call.  And – don’t forget those referrals – they are a huge contribution to the success of my business. Kris

Market Update, November 2017

Posted on: December 5th, 2017 by Kris Sherry

Members of the Ottawa Real Estate Board sold 1,239 residential properties in November through the Board’s Multiple Listing Service® System compared with 992 in November 2016, an increase of 24.9 per cent. The five-year average for November sales is 1,001.  Both residential and condominium sales continue to steadily increase.  The announcement of stricter mortgage regulations coming […]

Ottawa Market Update – October, 2017

Posted on: November 3rd, 2017 by Kris Sherry

Temperatures may be falling, but the Ottawa real estate market is thriving!  Members of the Ottawa Real Estate Board sold 1,243 residential properties in October through the Board’s Multiple Listing Service® System, compared with 1,214 in October 2016, an increase of 2.3%. The five-year average for October sales is 1,165. Condominium sales are up 21.4% […]

Ottawa Market Update, September 2017

Posted on: October 4th, 2017 by Kris Sherry

As we head into the last quarter of the year, it’s hard to believe but the holiday season is just around the corner! Members of the Ottawa Real Estate Board sold 1,387 residential properties in September through the Board’s Multiple Listing Service® System, compared to 1,365 in September 2016, an increase of 1.6%. The 5-year […]

Ottawa Market Update – August 2017

Posted on: September 9th, 2017 by Kris Sherry

Members of the Ottawa Real Estate Board sold 1,538 residential properties in August through the Board’s Multiple Listing Service® System, compared with 1,481 in August 2016, an increase of 3.8 per cent. The five-year average for August sales is 1,343. Condo sales continue to strengthen the Ottawa resale market.  In comparison to last year the […]

Ottawa Market Update – July, 2017

Posted on: August 3rd, 2017 by Kris Sherry

Members of the Ottawa Real Estate Board sold 1,530 residential properties in July through the Board’s Multiple Listing Service® System, compared with 1,490 in July 2016, an increase of 2.7 per cent. The five-year average for July sales is 1,446. The Ottawa resale market continued its steady pace into mid-summer, with condo sales really bolstering […]

Ottawa Market – June 2017

Posted on: July 6th, 2017 by Kris Sherry

The Ottawa market is thriving – after all, it is an affordable and desirable place to live. Members of the Ottawa Real Estate Board sold 2,162 residential properties in June through the Board’s Multiple Listing Service® System, compared with 1,985 in June 2016, an increase of 8.9 per cent. The five-year average for June sales […]

Ottawa Market – May 2017

Posted on: June 2nd, 2017 by Kris Sherry

The Spring Market continues to bloom!  Members of the Ottawa Real Estate Board sold 2,300 residential properties in May through the Board’s Multiple Listing Service® System, compared with 1,919 in May 2016, an increase of 19.9 per cent. The five-year average for May sales is 1,946. May 2017 was the best month EVER for unit […]

Ottawa Market, April 2017

Posted on: May 4th, 2017 by Kris Sherry

The Spring Market is Blossoming! Members of the Ottawa Real Estate Board sold 1,795 residential properties in April through the Board’s Multiple Listing Service® System, compared with 1,711 in April 2016, an increase of 4.9%.  The five-year average for April sales is 1,613. Lower inventory combined with increased demand indicates a trend towards a seller’s […]

Ottawa Market Update, March 2017

Posted on: April 5th, 2017 by Kris Sherry

MARCH RESALE MARKET GOES OUT LIKE A LION! The Spring Market started early this year.  Members of the Ottawa Real Estate Board sold 1,485 residential properties in March through the Board’s Multiple Listing Service® System, compared with 1,160 in March 2016, an increase of 28 per cent. Unit sales for March marked the second best […]

From Kris' Blog

2017 Ottawa Market Update

What a year it was!  The total number of residential and condo units sold through the Board’s MLS® System throughout all of 2017 was 17,083 vs 15,526 in 2016, an increase of 10%.  Residential sales volume was up 16% and the condo market up 22% increase in the number of units sold.  Average 2017 residential sale price was $425,063, an increase of 6.8% over 2016, while the average condominium sale price was $269,903, an increase of 3.4% over 2016. For the month of December, members of the Ottawa Real Estate Board sold 771 residential properties through the Board’s Multiple Listing Service® System compared with 711 in December 2016, an increase of 8.4%. The 5-year average for December sales is 687.The average sale price of a residential class property sold in December was $434,098, an increase of 3.4% over December 2016. The average sale price for a condominium class property was $255,335, a decrease of 3% from December 2016. December saw an increase of 8.4% in the number of units sold in residential sales and 25% in condo sales. This could very well be attributed to the changes in the mortgage qualification rules implemented January 1, 2018. Since every area is different, if you are thinking of buying or selling, please do give me a call.  And – don’t forget those referrals – they are a huge contribution to the success of my business. Kris...

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