How's the housing market in Ottawa? A Great Start to 2010 for Ottawa's Housing Market. I honestly have to say that being a Realtor in Ottawa is so rewarding and challenging - When I selected my career I wanted something that embraced the 2 above words. I don't like working behind a desk 24/7 and doing the same old thing everyday. I also love giving back to the community and helping people through one of the biggest investments they will probably ever make. I'm happy to report Ottawa Real Estate has experienced another great month!
According to the Ottawa Real Estate Board president Pierre de Varennes the total number of home sales in January was 713 compared with 529 in January 2009, an increase of 34.8 per cent.
"These numbers are more in line with what we might expect for a typical January, whereas 2009 started off abnormally slow due to uncertain financial and market conditions worldwide," said Board President Pierre de Varennes. "Although listing inventory remains low, we expect that will change as we head into the spring market and interest rates remain low," he added.
Below you'll find a breakdown of our average prices; in January we saw a stable increase in prices accross the board:
The average sale prices are as follows:
- Average residential/condo sale $320,966 increase of 11.4% over Jan of last year
- Average condo sale $259,273 increase of 22.5% over Jan of last year
- Average residential sale $338,244 increase of 8.2% over Jan of last year
We're still seeing several multiple offer scenarios due to the continued low inventory in Ottawa. I am currently working with qualified buyers looking to purchase a condo in Orleans up to 200k. If you know anyone who has been thinking of selling please pass along my name or call me directly!
Check back in a month to see How's the housing market in Ottawa for the month of February. Visit http://www.christianelafleur.com/ for helpful tips on buying or selling as well as HOT new listings for sale!
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