Latest Ottawa Board Sales Numbers

Good Day:

As I indicated in previous reports the market is undertaking a significant shift. Across the Ottawa Board sales are down 33% from last September.

In the towns below you can see the numbers sold and the per cent change. I have been doing this for over 20 years and for me the most significant number is not the average price, but the volume of sales. Average price is just that, the average of the highest and lowest sales. In smaller communities it can easily be distorted if a couple of expensive homes sell.

Ottawa is a relatively stable market, and we don’t see huge price drops such as in Toronto. However. We do see more homes taking longer to sell, often a lot longer if they are not in great condition. More homes on the market means buyers have more choice.

The other number that is important is the type of market. Once again though in small towns/markets the numbers can be distorted by the low volume of sales.

Seller’s Market: 1-3 months of home inventory on the market
Balanced: 4-6 months of inventory
Buyer’s Market: 6+ months of inventory

SALES STATISTICS BY TOWN AND MLS DISTRICT

KEMPTVILLE-HOUSES-160 SOLD, -34.6% from last year at this time
AVERAGE $734,870 +13.3%
CONDOS-11 SOLD, -71.1%
AVERAGE $349,217 -39%
Market: 3.5 months, Balanced market

NORTH DUNDAS 101 SOLD, -23.7%
AVERAGE $592,278
WINCHESTER 32 SOLD, -22.0%
CHESTERVILLE 21 SOLD, +16.7%
WINCHESTER TWP 18, -41.9%
MOUNTAIN TWP 30 SOLD, -47.4%
Market: 2.8 months, Seller’s market

GREELY 119 SOLD, -15.6%
AVERAGE $1,090,896, +9.1%
Market: 3.3 months, Balanced market

OSGOODE 36 SOLD, -12.2%
AVERAGE $678,702
Market: 0.5-month, Seller’s market

METCALFE 24 SOLD, +33.3%
AVERAGE $747,229, -12.1%
Market: 1.5 months, Seller’s market
VERNON 11 SOLD, -38.9%
AVERAGE 576,863 +12.1%
Market: 2.5 months, Seller’s market

RUSSELL HOMES 78 SOLD, -22.8%
AVERAGE 757,803 +18.1%
CONDOS 1 SOLD -85.7%
AVERAGE $300,000 -4.9%
Market: 3 months, Seller’s market

EMBRUN HOMES 117 SOLD, -9.3%
AVERAGE $694,060, +10.6%
CONDOS SOLD 16, -20%
AVERAGE $393,481 +10.9%
Market: 3.5 months, Balanced market

CARLSBAD SPRINGS 16 SOLD -11.1%
AVERAGE $652,431, +8.5%
Market: 2.8 months, Seller’s market

NORTH GOWER 22 SOLD, +29.4%
AVERAGE $839,190 +18.2%

KARS 3 SOLD, -57.1%
$1,001,700 +59.4%

RIDEAU TWP 27 SOLD, -5.9%
AVERAGE $825,869 +6%

North Gower, Kars, Rideau Twp:
Market: 3.1 months, Balanced market

If you have any question on these communities or others not shown, please reach out by text or call 613-897=6839 I will be happy to answer your questions.

Take care and stay safe

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