Ottawa, July 10, 2007: Members of the Ottawa Real Estate Board sold 1,651 homes in June through
the Board's Multiple Listing Service® system, compared with 1,855 in May 2007. There were 1,600
sales in June 2006.
“Homes are still selling at a brisk pace, spending an average of just 34 days on the market before
being snapped up,” said Board President Diane Hatfield. “With more than 8,000 homes sold
already in 2007, the Ottawa resale housing market is on track for another record-breaking year.”
“It’s also interesting to note that condo sales continue to drive growth – that segment accounts for
the entire difference between sales in June 2006 and June 2007, making it clear that condos are still
a hot commodity in Ottawa,” Hatfield added.
The average price of the homes sold in June through the MLS® system in the Ottawa area was
$279,429, an increase of 7.8 per cent over June 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 2,280 REALTORS® 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.
Friday, July 13, 2007
Friday, May 11, 2007
Affordable homes, hot condo market warm up chilly April
Ottawa, May 8, 2007: Members of the Ottawa Real Estate Board sold 1,554 homes in April through the Board's Multiple Listing Service® system, compared with 1,305 in March 2007. There were 1,439 sales in April 2006.
“Condo sales continue to lead the way in the Ottawa resale housing market,” said Board President Diane Hatfield. “Sales in that sector are up by more than 12 per cent over last April, proving that they are still a very popular choice with Ottawa homebuyers.”
“Also, it is noteworthy that more home purchases made in April were priced below the average than above it, showing that consumers have plenty of affordable housing choices in the Ottawa area,” Hatfield added.
The average price of the homes sold in April through the MLS® system in the Ottawa area was $276,440, an increase of 5.9 per cent over April 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 2,280 REALTORS® 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.
“Condo sales continue to lead the way in the Ottawa resale housing market,” said Board President Diane Hatfield. “Sales in that sector are up by more than 12 per cent over last April, proving that they are still a very popular choice with Ottawa homebuyers.”
“Also, it is noteworthy that more home purchases made in April were priced below the average than above it, showing that consumers have plenty of affordable housing choices in the Ottawa area,” Hatfield added.
The average price of the homes sold in April through the MLS® system in the Ottawa area was $276,440, an increase of 5.9 per cent over April 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 2,280 REALTORS® 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.
Thursday, April 12, 2007
March Market Has a Spring in its Step
Ottawa, April 10, 2007: Members of the Ottawa Real Estate Board sold 1,306 homes in March through the Board's Multiple Listing Service® system, compared with 1,032 in February 2007. There were 1,318 sales in March 2006.
“The traditionally brisk spring market got off to a great start in March, with the number of days a property spent on the market down significantly from February, coupled with an increase in inventory in the residential property class. More people are selling, and consumers are buying those homes more quickly,” said Board President Diane Hatfield.
“Also, in the first quarter of 2007 alone there was a 5.3 per cent increase in the total number of homes sold, putting the Ottawa housing market on track for continued growth over the course of the year,” Hatfield added.
The average price of the homes sold in March through the MLS® system in the Ottawa area was $273,898, an increase of 7.6 per cent over March 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 2,230 REALTORS® 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.
“The traditionally brisk spring market got off to a great start in March, with the number of days a property spent on the market down significantly from February, coupled with an increase in inventory in the residential property class. More people are selling, and consumers are buying those homes more quickly,” said Board President Diane Hatfield.
“Also, in the first quarter of 2007 alone there was a 5.3 per cent increase in the total number of homes sold, putting the Ottawa housing market on track for continued growth over the course of the year,” Hatfield added.
The average price of the homes sold in March through the MLS® system in the Ottawa area was $273,898, an increase of 7.6 per cent over March 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 2,230 REALTORS® 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.
Wednesday, March 07, 2007
Spring Market Underway-
Ottawa, March 6, 2007: Members of the Ottawa Real Estate Board sold 1032 homes in February through the Board's Multiple Listing Service® system, compared with 764 in January 2007. There were 982 sales in February 2006.
“The average number of days a home spent on the market dropped significantly from January to February, indicating that after the usual winter lull, the Ottawa housing market is picking up again nicely,” said Board President Diane Hatfield. “The average sale price of a home in Ottawa
continues to rise, but the inventory of housing available below the average price remains strong,
allowing plenty of opportunities for first-time buyers to enter the market and take advantage of stilllow interest rates.”
The average price of the homes sold in February through the MLS® system in the Ottawa area was $264,566, an increase of 6.6% over February 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 2,230 REALTORS® 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.
“The average number of days a home spent on the market dropped significantly from January to February, indicating that after the usual winter lull, the Ottawa housing market is picking up again nicely,” said Board President Diane Hatfield. “The average sale price of a home in Ottawa
continues to rise, but the inventory of housing available below the average price remains strong,
allowing plenty of opportunities for first-time buyers to enter the market and take advantage of stilllow interest rates.”
The average price of the homes sold in February through the MLS® system in the Ottawa area was $264,566, an increase of 6.6% over February 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 2,230 REALTORS® 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.
Monday, February 12, 2007
2007 Off to a Great Start Thanks to Mild January
Ottawa, February 6, 2007: Members of the Ottawa Real Estate Board sold 763 homes in January through the Board's Multiple Listing Service® system, compared with 647 in January 2006. There were 682 sales in December 2006.
"This year is tied with 2002 for the highest number of sales on record for the month of January, possibly due to the warmer temperatures that Ottawa experienced for the first half of the month," said Board President Diane Hatfield. "Both the residential and condominium classes are showing strong increases over last January, and the average sale price has continued to rise as well. It's an excellent start to the year for Ottawa's residential real estate market."
The average price of the homes sold in January through the MLS® system in the Ottawa area was $260,374, an increase of 6.3% over January 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 2,200 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.
"This year is tied with 2002 for the highest number of sales on record for the month of January, possibly due to the warmer temperatures that Ottawa experienced for the first half of the month," said Board President Diane Hatfield. "Both the residential and condominium classes are showing strong increases over last January, and the average sale price has continued to rise as well. It's an excellent start to the year for Ottawa's residential real estate market."
The average price of the homes sold in January through the MLS® system in the Ottawa area was $260,374, an increase of 6.3% over January 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 2,200 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.
Wednesday, January 10, 2007
Record-Breaking Year for Home Sales in Ottawa
Ottawa, January 9, 2007: Members of the Ottawa Real Estate Board sold 682 homes in December
through the Board's Multiple Listing Service® system, setting a new record of 13,783 residential
sales for 2006. The previous record was 13,152 in 2004. There were 615 sales in December 2005.
“Overall, it was a very healthy year for Ottawa’s residential real estate market,” said newly elected
Board President Diane Hatfield. “The average sale price of a home continued to trend upward, and
the still-growing condominium market drove sales numbers all year long. Condos are also selling
more quickly than they did in 2005, while residential sales stayed on pace with the previous year.”
The average price of the homes sold in December through the MLS® system in the Ottawa area
was $247,833, and for the year the average price was $255,889. 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 2,200 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
through the Board's Multiple Listing Service® system, setting a new record of 13,783 residential
sales for 2006. The previous record was 13,152 in 2004. There were 615 sales in December 2005.
“Overall, it was a very healthy year for Ottawa’s residential real estate market,” said newly elected
Board President Diane Hatfield. “The average sale price of a home continued to trend upward, and
the still-growing condominium market drove sales numbers all year long. Condos are also selling
more quickly than they did in 2005, while residential sales stayed on pace with the previous year.”
The average price of the homes sold in December through the MLS® system in the Ottawa area
was $247,833, and for the year the average price was $255,889. 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 2,200 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
Monday, December 18, 2006
Home Sales Surpass 2005 Total by November
Ottawa, December 8, 2006: Members of the Ottawa Real Estate Board sold 877 homes in
November through the Board's Multiple Listing Service® system compared with 906 in
November 2005. There were 1,011 sales in October 2006.
“Despite slightly lower sales than last November, our members have now sold over 13,100 homes in Ottawa this year, a significant increase over 2005,” said Board President Ron Levine. “This is traditionally a quieter time of year for real estate sales, but I can say with satisfaction that sales have remained consistently strong all year, with condo sales still a growing part of the housing market.”
The average price of the homes sold in November through the MLS® system in the Ottawa area was $258,027, an increase of 5.5 per cent over November 2005. Year to date the average price is $256,289. 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 2,200 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.
Ottawa, December 8, 2006: Members of the Ottawa Real Estate Board sold 877 homes in
November through the Board's Multiple Listing Service® system compared with 906 in
November 2005. There were 1,011 sales in October 2006.
“Despite slightly lower sales than last November, our members have now sold over 13,100 homes in Ottawa this year, a significant increase over 2005,” said Board President Ron Levine. “This is traditionally a quieter time of year for real estate sales, but I can say with satisfaction that sales have remained consistently strong all year, with condo sales still a growing part of the housing market.”
The average price of the homes sold in November through the MLS® system in the Ottawa area was $258,027, an increase of 5.5 per cent over November 2005. Year to date the average price is $256,289. 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 2,200 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.
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