Sep
05

August 2019 Market Statistics for Condominiums in Ottawa

Have a look at the August 2019 Market Statistics for Condominiums in Ottawa.

Members of the Ottawa Real Estate Board sold 431 condominium-class properties in July 2019, an increase of 8.8% from August 2018.

Even though the numbers are up, Ottawa continues to undergo issues with inventory as the limited supply persists.

The average sale price for a condo in Ottawa was $308,781, an increase of 11.5% from August 2018.*

The most active price point in the condominium market has increased again in 2019 to $250,000-$399,999, accounting for 50 per cent of the units sold.

Curious about August 2019 market statistics for residential-class properties in Ottawa as well? Click here to read the full story.

*Average sale price 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 calculation of the average sale price is based on the total dollar volume of all properties sold. Price and conditions will vary from neighbourhood to neighbourhood.

Post by: Kim Pepin

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