During the month of December 2014, members of the Ottawa Real Estate Board sold 640 residential properties,compared to 609 in December oflast year. An increase of 5.1% in total number of properties sold.
In 2014 REALTORS® in Ottawa sold 13,928 properties, an increase of 0.4% from 13,871 in 2014.
It took an average of 106 days for a property to sell last month which is 3 days longer than the average in November.
Of these 640 sales,496 were houses, and 144 were condominiums.
Decembers average home price for all properties sold was $345,449. Up 1.6% from last year.
The average sales price for a freehold home sold last month was $367,286. Down 0.7 % from Dec. 2013.
Condominium average prices rose 10.1% compared to last year, to $270,236, a very high average price for any December due to several sales in the $500K – $750K range.
The average price for homes sold in 2014 rose 1.2% over 2013 to $361,712. Homes rose 0.8% to an average of $384,899 and Condos rose 0.3% to an average of $263,518.
958 New properties were listed for sale in December, bringing the total number of properties for sale up to 5,368 an increase of 10.3% over last year.