How did the Ottawa Condo Market do in 2011?

Wondering how the Ottawa condo market is doing? Statistics from the Ottawa Real Estate Board show that condo prices have continued to rise in 2011. The number of condos sold on the Ottawa Real Estate Board's MLS® has also increased. Average price for a condominium in Ottawa now stands at $261,356. An increase of 5% over 2010 when the average condo price was $248,717

The average days on market however has increased over 2010. The average days on market for a condo in Ottawa now stands at 34 days for 2011 compared to 27 days in 2010.

The total number of condos sold in 2010 was 3231. In 2011, this amount has gone up to 3304.

Interested in buying a condo? Selling a condo? Or flipping a condo?

Give me a call today I would be happy to discuss your real estate needs with you.

Roch St-Georges, Sales Representative with HomeLife Capital Realty Inc in Ottawa, Ontario.

Direct: 613-800-2211
Office: 613-627-4141 x 223