***Y/Y average sale price growth – condo property type – minimum sales volume per neighbourhood 10 units – approved buildings minimum sales volume 2 units per year 2014-2018
Granular, in beat data is hard to come by these days. Lazy data typically takes the forefront in news articles and water cooler conversations around most cities. Some of this lazy data can cause missed opportunities, or misguided purchases.
We are challenging ourselves and our readers to question marco level value correlations and dive deeper into sales and corresponding data in and effort to find true insights and conversation worthy intel.
On our journey to this end, we decided to take on Condos in Ottawa – Break down macro city “all property types” level correlations into neighbourhood and “specific property type” level correlations, and apply a year over year of sale price growth analysis.
The output data we intended to bring forward in this article are *Top performing condo neighbourhoods in Ottawa – based on year over year average sale pricing growth. In order for a neighbourhood to qualify there must have been a minimum of 10 units sold in both of the past 2 years and each qualified building must have had a minimum of 2 units sell in the past 4 years.
10. Woodroffe North
Woodroffe North had a growth rate of 7.74% between 2017 & 2018.
9. Vanier
Vanier had a growth rate of 8.49% between 2017 & 2018.
8. Lincoln Heights
Lincoln Heights had a growth rate of 9.15% between 2017 & 2018.
7. Carleton Heights
Carleton Heights had a growth rate of 9.72% between 2017 & 2018.
6. Orleans Central
Orleans Central had a growth rate of 10.28% between 2017 & 2018.
5. Overbrooke
Overbrooke had a growth rate of 11.85% between 2017 & 2018.
4. Copeland Park
Copeland Park had a growth rate of 12.70% between 2017 & 2018.
3. Stewart Farms
Stewart Farms had a growth rate of 15.37% between 2017 & 2018.
2.Centretown
Centretown had a growth rate of 15.39% between 2017 & 2018.
1. Riverview
Riverview had the top growth rate of 22.08% between 2017 & 2018.
Based on the above information, what neighbourhoods do you think will have the largest growth rate from 2018 to 2019?
*Data provided by DigiRealty Technologies data team.
***Y/Y average sale price growth – condo property type – minimum sales volume per neighbourhood 10 units – approved buildings minimum sales volume 2 units per year 2014-2018
