Ottawa Real Estate Board July 5, 2012
Members of the Ottawa Real Estate Board sold 1,660 residential properties in
June through the Board's Multiple Listing Service® system, compared with 1,719
in June 2011, a decrease of 3.4 per cent.
June's sales included 365 in
the condominium property class, and 1,295 in the residential property class. The
condominium property class includes any property, regardless of style (i.e.
detached, semi-detached, apartment, stacked etc.), which is registered as a
condominium, as well as properties which are co-operatives, life leases and
timeshares. The residential property class includes all other residential
properties.
"Although there is a slight decrease in the number of
residential properties sold this June, compared to June 2011, it seems to be the
norm throughout the years," says Ansel Clarke, President of the Ottawa Real
Estate Board. "For the past 10 years, with the exception of June 2011, sales
have consistently and marginally decreased from May to June. This shows
stability in the market, and also represents a continued steady
market."
The average sale price of residential properties, including
condominiums, sold in June in the Ottawa area was $352,800, a slight decrease of
0.1 per cent over June 2011. The average sale price for a condominium-class
property was $278,447, an increase of 0.8 per cent over June 2011. The average
sale price of a residential-class property was $373,756, a slight decrease of
0.4 per cent over June 2011. The Board cautions that average sale price
information 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 average sale price is calculated based on the total dollar volume of
all properties sold.
Thursday, July 05, 2012
Subscribe to:
Posts (Atom)
