Friday, October 6, 2017 / by Lorie Ann Warren
Ottawa September 2017 Market Update
September continued a very positive trend for Ottawa in 2017! We are expecting a steady and stellar fall real estate market as well!
Some interesting facts for you! 50% of the condo market is in the $150-$250.0 price range this year, driving condo sales. Condo inventory for September is -20% than last year at the same time. And the prices are up! It may be a very good time to put your condo on the market! call us on that to find out if it would be a positive time for you as well.
Average residential home price is over $400K now! $417.0 to be precise. And the most active part of that market is in the $300-$400.0 price range. With 10% less inventory in residential overall - some neighborhoods are in a sellers market! Is your area one of them? If you are, you could capitalize on top dollar right now. Its not everywhere - so call us to discuss your area. We have the stats and can help you.
Happy Thanksgiving to you and your families!