2014 Ottawa Real Estate Review

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.

Ottawa Real Estate Infograph for use in Jan 2015
To read the full report with charts visit our website.
Do you have  Real Estate Questions? We would love to answer them.

 

 

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