Another Stellar Year for Ottawa’s Real Estate Market
Year to date activity increased by 2.4 per cent from 2017. The total number of residential and condo units sold throughout all of 2018 was 17,476, compared with 17,065 in 2017. Residential property class sales decreased slightly to 13,418 from 13,478 in 2017. Condominium property class sales were up 13.1 per cent with 4,058 units sold in 2018 versus 3,587 in the previous year.
The average sale price of a residential-class property sold in December in the Ottawa area was $453,011. That’s an increase of 4.7 per cent over December 2017. The average sale price for a condominium-class property was $278,295. That’s an increase of 9 per cent from this month last year. Year-end figures show an average sale price of $446,661 for residential-class properties in 2018. That’s a 5.1 per cent increase from 2017 and $278,316 for condominium properties, up 3.2 per cent from last year.