OTTAWA REAL ESTATE SALES – FEBRUARY 2014

Here are the quick stats for February 2014, in Ottawa, courtesy of the Ottawa Real Estate Board:

Members of the Ottawa Real Estate Board sold 870 residential properties this February, compared to 903 in February last year.  A decrease of 3.7% in total sales volume.  Of these 870, 673 were freehold houses, and 197 were condominium.

The average sale price of all residential properties, was $353,407.  This is an increase of 2% over last year.

The average sale price of a freehold home, was $381,407.  An increase of 2.1% over last year.

The average sale price of a condominium, was $257,752.  A decrease of 2.3% over last year.

As I’m sure I mentioned last month, Ottawa is forecast to have a year similar to last; fairly balanced, with the condo market being slower.  Since real estate is very neighborhood and market specific, I recommend that you contact me for more exact info on your properties.

Please see the attachment below for detailed graphs of market stats.

And yes, its almost spring time!  You still have a number of weeks to get up to the ski hills to enjoy some warm spring skiing and sunshine