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

Stats November 2010 Elmvale Acres

he neighborhood of Elmvale Acres in Ottawa, Ontario saw a total of 6 sales during the month of November 2010. This is an increase for the neighborhood of Elmvale Acres when compared to November 2009 which saw a total of 5 sales. Average days on market have gone down over last year for the Elmvale Acres area. Homes in the residential class have been selling at an average of $314,833 when compared to Elmvale Acres stats for November 2009 this is a 8% increase.

Stats November 2010 - Quartier Vanier

The neighborhood of Vanier in Ottawa, Ontario saw a total of 6 sales during the month of November 2010. This is a 50% decrease for the neighborhood of Vanier compared to November 2009. Average days on market have gone up 52% over last year for the Vanier area. Homes in the residential class have been selling at an average of $261,108 when compared to Vanier’s stats for November 2009.

Stats November 2010 - Overbrook and Castle Heights

The neighborhood of Castle Heights and Overbrook in Ottawa, Ontario saw a total of 8 sales during the month of November 2010. This is an increase of 1 for the neighborhood of Castle Heights and Overbrook when compared to November 2009. Average days on market have gone up 58% over last year for the Castle Heights and Overbrook area. Homes in the residential class have been selling at an average of $313,750 an increase of 15% over last year’s $266,285 average.

Stats November 2010 - New Edinburgh

The neighborhood of New Edinburgh in Ottawa, Ontario saw a total of 1 sale during the month of November 2010. This is a 200% decrease for the neighborhood of Vanier compared to November 2009. Average days on market have gone down sharply because of this decrease in listings. Average days on market for New Edinburgh for November 2010 is 7. Homes in the residential class have been selling at an average of $466,500.

Stats November 2010 - Alta Vista

The neighborhood of Alta Vista in Ottawa, Ontario saw a total of 4 sales during the month of November 2010. This is a 25% decrease for the neighborhood of Alta Vista when compared to November 2009. Average days on market have gone up down 73% over last year for the Alta Vista area. Homes in the residential class have been selling at an average of $496,900 when compared to Alta Vista stats for November 2009 this is a 1% increase.

The Glebe Real Estate Stats August 2010

The neighborhood of  The Glebe located along Bank Street in Ottawa, Ontario saw a total of 7 sales during the month of August 2010 a decrease of 29% compared to August 2009. Average days on market for the Glebe for the month of August 2010 was 16 vs 21 in 2009 (August). Average selling price in August 2010 was $624,858.
If you are looking to buy or sale a home or condo in the Glebe trust the services of Roch St-Georges call 613-889-7732 today!

Chatelaine Village Real Estate Statistics 2010

The neighborhood of Chatelaine Village in Ottawa, Ontario saw a total of 5 sales during the month of August 2010 a decrease compared to the sales of August 2009. Average days on market has gone up %41 to 39 days and the average selling price for the month was $284,300.
If you are looking to buy or sale a home or condo in the Chatelaine Village neighborhood trust the services of Roch St-Georges call 613-889-7732 today!