October 2011 Statistics

October 2011 Ottawa home sale statistics

A total of 809 residential homes were sold in October 2011, which is very close to the number of homes sold in 2010.

The average sale price of a home in Ottawa in October was $362,341 which is up 3.5% over last year.

Condominium sales were up 14.5 % over 2010 as 253 Ottawa condos were sold, however, the average price of those condos was $259,316.  This represented a decrease of 1.5% over last year.

It is interesting to note, however, that condos are enjoying an increasing popularity in the Ottawa housing market, with residential real estate holding its own.

September 2011 Statistics

September 2011 Ottawa home sale statistics

There was an increase in Ottawa homes sales of almost 12.2% in September, over the same period in 2010. 

1,202 units were sold, which is even higher than the 5 year average of 1,160.

922 of these homes were residential homes, whereas 280 were comdominium properties.  Of the 922 residential homes sold in September, the average sale prive was $360,334, which is an increase of 3.2% over 2010 sales.  All in all, Ottawa remains a stable home buying environment, with sales slightly above average.

August 2011 Statistics

August 2011 Ottawa home sale statistics

There was an increase in Ottawa homes sales of almost 21% in August, over the same period in 2010.

Of the 1,329 units sold, 1,044 were residential homes, while 285 were condos.

The average sale of a residential unit in August was $360,405. which represents an increase of 6.3% over August of 2010.

The average sale of a condominium unit in August was $252,999, which is 3.1% higher than condos sold a year ago.

Board President, Joann Tibbles notes that home were on the market longer in August than they were in July, but attributes that to the low interest rate leading to more buyers and, therefore, a longer selling time.

July 2011 Statistics

July 2011 Ottawa home sale statistics

The number of homes sold in July 2011 is up 18.8% from the same period last year.  1326 residential homes were sold in Ottawa during the month of July, compared to 1116 in July 2010. Of those Ottawa homes that were sold this July, 307 of those were Ottawa condos, while 1119 were residential homes.

The average sale price for both residential and condominium combined was $341,330, which is an increase of 6.2% over July 2010.

Ottawa residential home sales for July 2011

The average sale price of a residential home in Ottawa for July 2011 was $362,539.  This represents an increase of approximately 4.8% over the sale of residential homes in Ottawa for the July 2010 period.

Ottawa condominium sales for July 2011

Condominiums in the Ottawa area sold at much higher prices (on average) as compared to the same period in 2010.  The average sale price for an Ottawa condo in July 2011 was $270,933, which is an increase of 11.3% over last year.

2010 Statistics

2010 Ottawa home sale statistics

In 2010, Realtors in the Ottawa real estate board sold a total of 14,199 residential homes.  This is decrease over the number of Ottawa homes sold in 2009 of approximately 3.6%. 

As far as Ottawa home prices go, the average price of a home sold in 2010 was $327,225, which is an increase over the average home sale price in 2009 of approximately 7.7%.