Jan
07

December 2018 Market Statistics for Condominiums in Ottawa

Members of the Ottawa Real Estate Board sold 192 condominium-class properties in December 2018, a decrease of 6.8% from December 2017.

The average sale price for a condo in Ottawa remains reasonable and steady at $285,764, an increase of 11.1% from this November last year. *

Year-end figures show an average sale price of $278,316 for condos, up 3.2% from 2017.

Condo sales were up 13.1% with 4,058 units sold in 2018 versus 3,587 in 2017.

Curious about December 2018 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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