Ottawa, August 8, 2007 : Members of the Ottawa Real Estate Board sold 1,456 residential units in July through the Board’s Multiple Listing Service® system compared with 1,234 in July 2006, an increase of 18 per cent. There were 1,645 sales in June 2007.
“Sales activity through the MLS® system continues to set records,” said Board President Diane Hatfield. “Members had the busiest July ever for sales. Unlike June, we saw increases in both the number of residential (freehold) and condominium properties.”
The average price of residential properties, including condominiums, sold in July in the Ottawa area was $269,245, an increase of over six percent over July 2006. The Board cautions that average price information can be useful in establishing trends over time but should not be used as an indicator that specific properties have increased or decreased in value. The average price is calculated based on the total dollar volume of all properties sold.
The Ottawa Real Estate Board is an industry association of 2,300 sales representatives and brokers in the Ottawa area. Members of the Board are also members of the Canadian Real Estate Association and thus are entitled to use the term REALTOR®.
The MLS® system is a member based service, paid for by the REALTOR® members of the Ottawa Real Estate Board. The MLS® mark symbolizes the cooperation among REALTORS® to effect the purchase and sale of real estate through real estate services provided by REALTORS®. MLS® commercial and residential listings are available for viewing on the Board’s internet site at www.OttawaRealEstate.org and on the national websites of The Canadian Real Estate Association at www.mls.ca and www.ICX.ca . Information about listings and open houses is also available in the Board’s weekly newspaper, Ottawa Real Estate Guide, available free at 700 locations across the Ottawa area.
Tuesday, August 14, 2007
July Resale Housing Market Sizzles-
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