It may not feel like spring is here…but it is! And the real estate market is proof. We are continuing into the season with a strong seller’s market but we are beginning to see more inventory come on the market as well.
Well priced properties are selling quickly and 46% of the properties sold in March were in the $300,000 to $449,999 range. However the $500,000 to $750,000 price point is showing lots of growth as well….21% of the market sales to be exact. Condos are representing stable pricing in the marketplace. All in all…Ottawa’s real estate market is a very healthy one.
Over the month of March, 1,660 homes were sold which is up 12.3% over March 2017. The average residential sale price is currently $447,561 and the average condo price is $275,592 up 8% and 0.7% respectively over last March.
As always, if you have any questions at all please just give us a call or send us a quick email. 613-592-6400 or 613-271-8120. Carole@EvansTeamOttawa.com