MarianneBairdAndersonBlog

ANOTHER RECORD MONTH FOR OTTAWA REAL ESTATE

Members of the Ottawa Real Estate Board sold 916 residential properties in November through the Board’s Multiple Listing Service® system compared with 643 in November 2008, an increase of 42.5 per cent.
Of those sales, 214 were in the condominium property class, while 702 were in the residential property class.
“The dramatic increase in sales can be explained by last year’s sales being affected by the crisis in the financial markets,” said Board President Rick Snell. “The five-year average for November sales is 809. Listing inventory remains at a low level and we are still in a Sellers’ Market,” he added.
The average sale price of residential properties, including condominiums, sold in November in the Ottawa area was $313,370, an increase of 7.4 per cent over November 2008. The average sale price for a condominium-class property was $225,767, an increase of 1.7 per cent over November 2008. The average sale price of a residential-class property was $340,075, an increase of 9.8 per cent over November 2008.

To learn Ten Good Reasons to List Your House Over the Holidays go to Marianne’s website, mariannebairdanderson.com and read her latest Blog.

If you have thoughts of either buying or selling in the future, Marianne invites you to call for a complimentary no-obligation information session. Marianne can be reached at 613-786-2447.

Source: Ottawa Real Estate Board