November 2018 market statistics continue displaying trends indicative of a fast-paced real estate market for Ottawa in 2018.
Members of the Ottawa Real Estate Board sold 295 condominium-class properties in October 2018, an increase of 0.3% from November 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. *
Between $175,000 to $274,999 was November’s most prevalent price point in the condominium market, accounting for almost 47% of the units sold.
Condo sales continued to lead the way in November which included a higher average price percentage increase than single-family residential sales this month.
Curious about November 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.