Ottawa Market Update, January 2015
The recent onslaught of cold weather didn’t stop Home Buyers in January!
Members of the Ottawa Real Estate Board sold 627 residential properties in January through the Board’s Multiple Listing Service® system, compared with 587 in January, 2014 – an increase of 6.8%. The 5-year average for January sales is 633.
There is a lot for Buyers to choose from! The number of residential and condo properties listed in January (2,018) more than doubled the amount of newly listed properties from December – which is normal at year-beginning in advance of the usual busy spring market.
The average sale price of residential properties, including condominiums, sold in January in the Ottawa area was $348,617, an increase of 0.5% over January 2014. The average condo property was $250,406, down 5.7% over January 2014. The average residential class property was $370,442, an increase of 0.5% over January 2014.
The possibility of interest rates approaching record lows will provide even more opportunity for buyers. Our real estate market here in Ottawa remains stable, and the year ahead looks promising.
Every area is different, so please give me a call if you are thinking of moving – buying or selling. Referrals are always welcome – they are the cornerstone of my business!
Kris
Leave a Reply
From Kris' Blog
Ottawa MLS® Market Shows Early Signs of a Buzzing Spring Market
The number of homes sold through the MLS® System of the Ottawa Real Estate Board totaled 1,165 units in March 2024. This was an increase of 10% from March 2023. Home sales were 21.5% below the five-year average and 15% below the 10-year average for the month of March. On a year-to-date basis, home sales ...
Recent Tweets
-
RT @OttawaFestivals: In the mood for a scary movie, maybe something for the whole family? The Drive In Experience has got you covered at… https://t.co/okOLjzpXG8
-
RT @Ottawa_Tourism: Ice cream lovers this list is for you! 😋 🍨 Our top picks for ice cream goodness in Ottawa -order online for backyar… https://t.co/Wmkkwgj7Cw