Flexletter Stats - Ottawa
Fall Market Springs Forward October 3, 2019 - Members of the Ottawa Real Estate Board sold 1,549 residential properties in September through the Board’s Multiple Listing Service ® System. September’s sales included 1,113 in the residential- property class and 436 in the condominium-property category. “Despite a challenging year of historically low inventory, September’s sales continue to be extremely strong, the likes of which we haven’t seen in the past 15 years,” acknowledges Dwight Delahunt, President of the Ottawa Real Estate Board. “It’s quite amazing, with the limited supply, that the market is still moving well with purchasers finding properties that meet their requirements,” he adds. September’s average sale price for a condominium-class property was $309,373, an increase of 9 per cent from last year while the average sale price of a residential-class property was $487,438, an increase of 8 per cent from a year ago. “Now that condominium prices have recovered, we see condo sellers jumping back into the market to take advantage of that, and as a result, condo sales have been very robust and have again led the way in September’s unit sales,” Delahunt suggests. - Source: Ottawa Real Estate Board
AVERAGE SALE PRICE $487,438 residential
UP 8.3% year-over-year
AVERAGE SALE PRICE
$309,373 condo Sample only For more information call 1-800-309-1747 UP 9.1% year-over-year PROPERTY SALES
Stats are Reflective of September 2019 Source: Ottawa Real Estate Board
Market values stated are of the average of Ottawa and surrounding region. Individual home market values will vary and are affected by factors such as location, size, interior and exterior condition. Please call to get an up-to-date evaluation of your home.
phone: 800.309.1747 fax: 780.486.1421 email: arnoldkennedy.ca web: www.arnoldkennedy.com
REAL ESTATE AGENT
The greatest compliment my clients can give me is the referral of family and friends!
Privacy Disclosure: We respect your privacy. The sponsor indicated on the front panel provides a complimentary subscription of this publication to you, a valued client. If at any time or for any reason you do not want to receive this publication, please contact the sponsor using any of the contact info on the front panel, and your personal information will be removed from the mailing list immediately. Without response to this cancellation offer, we assume your implied consent and permission to continue provision. Disclaimer: This publication is distributed for the purpose of information only. It is not intended to solicit buyers or sellers currently under contract by a real estate firm or under contract with another Broker or Mortgage Specialist, nor is it intended to cause or induce breach of any existing agreement. Distributed by: dmsmarketing.ca Copyright© 2019 All Rights Reserved / Printed on recyclable material. The trademarks REALTOR ® , REALTORS ® and the REALTOR ® logo are controlled by CREA and identify real estate professionals who are members of CREA.
Made with FlippingBook Learn more on our blog