Ottawa Real Estate Market Update for January 2021
Everything with a private entrance has seen record price gains. Condos are also increasing but at a slower pace. Inventory for homes continues to be very low. ...
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Historical Number of Sales by Year: 2015- 2020
This chart shows the clear dip and then bump in the number of sales in 2020 due to covid-19. We see a big drop in sales starting march and then a bottoming in April/May. The number of sales after June stay elevated for 2020. ...
Continue Reading10 year look at Median Sale Price vs Active Listings
As active listings decrease, sale prices have been increasing. To some extend this trend is self limiting. As prices keep increasing this will encourage sellers to list properties. And vice versa as prices increase the number of buyers that can qualify will decrease. ...
Continue ReadingOttawa Sale Prices vs List Prices
This chart shows that buyers are paying a premium for non apartment style condos. Anything without a common entrance is commanding a higher selling price than list price. ...
Continue ReadingOttawa List Prices vs Sold Prices – Condo Apartments
This chart shows a discount for condo apartments in Ottawa. Buyers are unable to sell for their original list price and have to discount the list price in order to get a sale. We see an increase in the discount starting in April 2020. ...
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