Trump don’t Live Here – Ottawa’s 2012 Real Estate Market reviewed by Price Bracket

Trump don’t Live Here – Ottawa’s 2012 Real Estate Market reviewed by Price Bracket
by Dave Williams

Most Sales

Between $300,000 and $350,000 was the best price range to sell a home in 2012.  2385 Homes sold between $300k-$350k representing 21.1% of all home sales in 2012 (11280).

<Find out what your home is worth>

For the condo market the $250,000 to $225,000 price bracket was the top seller with 573 condos sold, or 18.9% of the total condo market for 2012.

Home sales in Ottawa 2012 vs 2011

Home sales in Ottawa 2012 vs 2011

Condos sales in Ottawa 2012 vs 2011

Condos sales in Ottawa 2012 vs 2011

Fastest Sellers

The Fastest selling homes in Ottawa last year (2012) were in the $400,000 to $450,000 range, selling on average in 32 days.

<Monthly Real Estate Updates for Ottawa>

The Quickest selling condos for 2012 were priced between $225,000 and $250,000 sticking around on average for only 30 days.

Days to sell a home vs condo in 2012

Days to sell a home vs condo in 2012

% of Homes Sold

This one’s a shocker…but slightly exaggerated as there is a trend amongst OREB Members to cancel and re-list homes every 30-90 days to gain a new MLS # and move to the top of the list.

% of Homes that sold in Ottawa 2012

% of Homes that sold in Ottawa 2012

% of Condos that sold in Ottawa 2012

% of Condos that sold in Ottawa 2012

Other Articles in the Ottawa Real Estate 2012 Review Series:

1 – The Year of the Tortoise (or who let the hare have a nap?) – Ottawa’s 2012 Real Estate Market Overview

2 – A Moose is Loose in Orleans, or was that Barrhaven, no wait Kanata – Ottawa’s 2012 Real Estate Market Reviewed by Neighbourhood

3 – Trump don’t Live Here – Ottawa’s Real Estate Market reviewed by Price Bracket

4 – The Truth about Your Condo – Ottawa’s 2012 Real Estate Market reviewed by Style of Home To Be Published Feb 25th

Do you have Real estate Questions that you’d like answered? http://www.OttawaRealEstateQuestions.ca is the place to ask them!

HomeTeamOttawa.com is owned and operated by Sylvie Begin, Broker & Bill Meyer, Sales Representative, 613-788-2113 of Keller Williams Ottawa Realty, Independently Owned and Operated 613-236-5959

Not intended to solicit business from anyone under contract with a REALTOR ®

©Dave Williams -2013-

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