Ottawa Real Estate Statistics for Sandy Hill – Sean Tassé 613-369-6014

Ottawa Real Estate Statistics for Sandy Hill

by Dave Williams and Sean Tassé

How is the real estate market in Sandy Hill?
Starting at a high level, sales in Sandy Hill dropped 27% from 2012 with 95 properties selling in 2013 compared to 130 in 2012.
The prices in the area saw a slight, 0.8% growth from $470,210 in 2012 to $474,175 in 2013.
Breaking it down, there were 39 homes sold in Sandy Hill for 2013 which was down nearly 33% from 58 sales in 2012, and their average sales price was $627,889 up 7.5% over the last year.
2013 saw 56 condo sales, predominately in the Clarridge developments on Rideau Street sell for an average of $367,124 which does not include any of Clarridge’s sale in the newer buildings.  That is a significant drop in sales, down 23% and price was down 3.1% from 2012.
So far this year, Q1 2014 there have been  11 home sales for an average of $502,711 and 16 Condos Sales for an average of $345,243 which is right on track with last years sales and may trend a little higher throughout the year.
Currently we have 89 properties up for sale, 74 condos and 15 homes. which represent 4 months of sales for homes and 13 months worth of sales for condos.
Enhanced by Zemanta
Advertisements

What's your take?

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s