Feb
11

January 2019 Market Statistics for Condominiums in Ottawa

 

Members of the Ottawa Real Estate Board sold 209 condominium-class properties in January 2019, an increase of 20.8% from January 2018.

January unit sales are up almost 16%! This is the highest number of January sales we have seen in decades.

The average sale price for a condo in Ottawa was $283,990, an increase of 7.7% from January 2018. *

Between $175,000 to $274,999 remained the most prevalent price point in the condo market, accounting for 54.1% of the units sold.

Curious about January 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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