Archives for Real Estate Statistics

Market Snapshot: Ottawa Real Estate December 2018

That’s a wrap: Ottawa Real Estate Market December 2018! As 2018 wrapped up, the inventory shortage has had a ripple effect; while residential sales were down slightly, it also fueled the condominium market. Overall, 2018 was another stellar year in Ottawa real estate!  If you’re thinking of making a move in 2019, we know real estate. We’d love to chat! Attachment is not an image Another Stellar Year for Ottawa’s Real Estate Market (excerpts below were taken from the Ottawa Real Estate Board’s news release January 4th) January 4, 2019 663 residential properties were sold by REALTORS® in the Ottawa
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As Markets Across Canada are cooling, the Ottawa Real Estate Market Remains Strong & Steady

The Latest Ottawa Real Estate Trends – November 2018 While most markets across Canada are cooling, Ottawa’s market performance is strong and steady as it has been for many years.  Ottawa’s housing affordability and high employment levels shelter us somewhat from the dramatic swings that can cause instability.  Sales were down 5.4% from November 2019, however experts say that wouldn’t have been the case if inventory was higher. Average sale price can be useful in establishing trends over time but should not be used as an indicator that specific properties or areas have increased or decreased in value. The calculation
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Ottawa Real Estate Market Snapshot October 2018

Highlights from the Ottawa Real Estate Board’s Latest News Release read full story Halloween has not Scared Away Home Buyers “October’s sales are truly indicative of the fast-paced market we have experienced for much of 2018,” points out Ottawa Real Estate Board President, Ralph Shaw. “In some pockets of the city, listings are not lingering on the market. Year-to-date average Days on Market (DOMs) are down 14% from 45 to 39 days for residential homes and 24% from 68 to 51 days for condominiums.” “However, lack of supply continues to be a major driving factor in Ottawa’s real estate market,”
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"Autumn Leaves are Falling; Home Prices are Not" |Ottawa Real Estate: Market Snapshot September 2018

“Autumn Leaves are Falling; Home Prices are Not” |Ottawa Real Estate: Market Snapshot September 2018 Have questions? Looking for specific neighbourhood stats? Message us, we’d love to help! Info@teamrealty.ca  October 3, 2018 via the Ottawa Real Estate Board “We continue to experience supply-side issues going into our fall market. The fact is, the number of residential sales would be much higher had we more robust inventory to draw from,” states Ottawa Real Estate Board President Ralph Shaw. “Condos continue to represent a greater proportion of year-to-date unit sales with a 15 per cent increase from this time in 2017.” September 2018
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