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Ottawa's Real Estate Marketplace | August 2020 Edition 

 

Last month, July 2020,  members of the Ottawa Real Estate Board sold 2,189 residential properties,  compared to 1,838 in July 2019, an increase of 19.1%  in the number of properties sold vs the previous year.
 
It took an average of 29 days for properties of all types to sell in July 2020 which is 13 days shorter than the average in July 2019 and 1 day shorter than the month before, June 2020.   
 
Of these 2,189 sales, 1,646 were freehold houses, and 543 were condominiums. 
 
The average sales price for a freehold house sold in July 2020, was $585,084 showing an increase of 20.1% over July 2019.  While condominium average prices rose 19.4% from last year to $357,762.  
 
2,488 new properties were listed for sale in July 2020 which is a 5.6% increase compared to July 2019, bringing the total number of residential properties for sale to 1,783 a decrease of 51.8% from July of last year.
 
Year to date sales sits at 9,914 a 15.2% decline compared to Jan-Jul of 2019 while the YTD average price for residential properties is up 15.7% to $560,836 and for Condominiums $352,847 an increase of 18.2%.

 

Last Year: 2019 in Review

During 2019, there were 18,662 sales by the Ottawa Real Estate Board members.
Compared to 17,467 in 2018 home sales showed 
an increase of 6.6%.


It took an average of 44 days for properties of all types to sell in 2018 which is a decrease of 21.7% from 2018. 
 
Of these 18,622 sales, 14,038 (+4.7%) were freehold houses, and 4,584 (+13.0%) were condominiums.
 
The average sales price for a freehold house sold in 2019, was $486,590 showing an increase of 8.9% over 2018, while condominium average prices rose 9.3% from last year to $304,203. 
During the month of March 2015, members of the Ottawa Real Estate Board sold 1208 residential properties,  compared to 1189 in March of last year,  an increase of 2% in total number of properties sold. 
 
It took an average of 83 days for a property to sell last month which is 16 days shorter than the average in February and about 10% shorter than last March. 
 
Of these 1208 sales, 980 were freehold houses, and 228 were condominiums. 
 
March's average home price for all properties sold was $361,572, up 0.7% from last year.
The average sales price for a freehold house sold last month, was $387,141, showing no change compared to last year.
Condominium average prices remained unchanged from last year as well at $251,666. 
 
3,388 new properties were listed for sale in March, bringing the total number of properties for sale to 7,763 an increase of 9.4% over this time last year.
 
 

Below are some helpful charts to illustrate
the Real Estate trends in Ottawa

 



Homes & Condos Sold in Ottawa Last Month





Average Price of Homes & Condos Sold in Ottawa Last Month





Inventory of Homes & Condos for Sale in Ottawa





Precentage of Homes & Condos Selling in Ottawa



 

2019 Home Sales & Home Prices in Review


 

Ottawa Home Sales & Prices over the last 10 Years

HOMES PRICE Change IN OTTAWA FOR THE LAST 61 YEARS (1958 - 2019)

HOMES PRICES IN OTTAWA FOR THE LAST 61 YEARS (1958 - 2019)