MAY was a hot month for sales volume in Ottawa real estate. +6.7% more homes sold for a total of 2,423.
Days on the market to sell decreased to 28 days for a residential home and 31 days for condos!
CONDO sales are HUGE right now - and an excellent opportunity for first time buyers, those who are downsizing and those who want to invest! At an average price of $298,000 they are beginning to increase in price.
NOTE: 62% of homes are selling AT or BELOW the list price! Don't hesitate because of the headlines, you don't have to be in multiple offers in every case.
There are 15% MORE homes selling above asking than last year - but it is only specific pockets of the city!!
42% of residential homes sold were in the $350-500,000 range.
57% of condos sold were in the $225 - 350,000 range.
Call us today for help in this market! We have the knowledge, experience, strategies and negotiating skills that will get you in to that home!