Janet Carriere Ottawa Real Estate We Sell Homes

Welcome to Keller Williams Solid Rock Realty


 

 

Information about Neighbourhoods   

  South Keys      Elmvale Acres     Hunt Club/ Greenboro

Inventory Increases, Market Balances in June

 

Members of the Ottawa Real Estate Board sold 1,615 residential properties in June through the Board’s Multiple Listing Service® system compared with 1,897 in June 2009, a decrease of 14.9 per cent.

Of those sales, 418 were in the condominium property class, while 1,197 were in the residential property class. The condominium property class includes any property, regardless of style (i.e. detached, semi-detached, apartment, stacked etc.) which is registered as a condominium, as well as properties which are co-operatives, life leases and timeshares. The residential property class includes all other residential properties.

“For the first time in 2010, inventory increased year-over-year in June, by almost six per cent. The Ottawa housing market is now moving towards balance, rather than the seller’s market we have been in for most of the past year,” said Board President Pierre de Varennes. “Sales last month were very close to the five-year average for June, so what we see here is a return to the stable, steady market conditions that Ottawa tends to experience. Home sale prices continued to grow at a healthy rate in June,” he added.

The average sale price of residential properties, including condominiums, sold in June in the Ottawa area was $326,572, an increase of 6.4 per cent over June 2009. The average sale price for a condominium-class property was $256,969, an increase of 8.3 per cent over June 2009. The average sale price of a residential-class property was $350,878, an increase of 7.4 per cent over June 2009. The Board cautions that average sale 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 sale price is calculated based on the total dollar volume of all properties sold.

 

 

                                                        -This article is courtesy of the Ottawa Real Estate Board

 




















 

Welcome to Keller Williams Solid Rock Realty
Your source for Ottawa real estate.

For Property Information

                                         
Click on Photo                                            Click on Photo
for Marcel's info                                          for Janet's info

For Immediate Service: 613-520-4133

 

If you own real estate that you're thinking of selling, we would be happy to provide you with a FREE Home Evaluation.

 Home Buyer Information and Services
                                        
                                            Click here 

Whether you are buying or selling a home, hire someone like us, who wants to earn your business. We invite you to contact us as we would be happy to assist you with this important transaction.

In addition, if you have any general questions about buying or selling real estate in Ottawa, please contact us as we'd love to help. Please browse our websites for listings, reports and important local real estate information.

Sincerely,

Marcel and Janet Carriere
Keller Williams Solid Rock Realty

 

 
 


Featured Listings



There are currently no featured listings.

Home  |  Our Listings  |  Home Search  |  Home Evaluation  |  Calculators  |  Buying  |  Selling   |  About Ontario  |  Keller Williams
Contact Me
 
Privacy Policy  |  Site Map  |  Links  |  For Agents  |  Profile  |  Login

©2005-2010 Keller Williams Solid Rock Realty