The stats are out for February 2012 for the Ottawa Real Estate market! Members of the Ottawa Real Estate Board sold more home in February 2012 compared to February 2011. The average price is up and the market is going to get busy. With the warmer weather coming we can already feel the activity increasing even more.
The average sale price for a condominium-class property was $273,464, an increase of 4.6 per cent over February 2011. The average sale price of a residential-class property $374,472, an increase of 3.4 per cent over February 2011. The Board cautions that average sale price information can be useful in establishing trends over time but should not be used as an indicator that specific properties have increased or decreased in value. The average sale price is calculated based on the total dollar volume of all properties sold. (Source: Ottawa Real Estate Board)
As you can tell the numbers are looking great! Is it time for you to make a move?
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