Ottawa, Ontario Real Estate Market Conditions

Ottawa Real Estate Market

Relocating to Ottawa, Ontario Canada in the near future? If you have been searching Ottawa real estate for your perfect dream home, you will have mixed emotions over the wonderful real estate market reports for the Ottawa area.

Don’t Let the Perfect Ottawa Real Estate Pass You By

Why? Well, this past April blew all sales records out of the water, with one of the busiest selling months of the year so far for our market. The news is wonderful, because you know that moving to Ottawa ensures a strong housing market, great value, and indicates a highly desirable area.

On the flip side? Houses are moving quickly, so there isn’t much time for you to ponder and go between houses. If you delay on buying your dream home because you aren’t sure you like the brown bedroom, then you may just lose out. Instead, in this type of hot market, you need to look at the the home itself, and see past decoration or style-those are quick and easy changes with a can of paint and your photos; finding another home that meets all your desires may not be as easy.

Average Ottawa Home Sale Prices April 2010

This April Ottawa area residential properties sold for an average price of $356,617 at an 11.7% increase from April 2009. There was an increase of 17.4% over April 2009 for condominium-class properties to 2010 prices of $254,220.

Remember that that average sale prices are very useful for establishing trends over time, but can not be used as an indicator that any specific property has increased or decreased in value. The average sale price is calculated based on the total dollar volume of all properties sold.

Ottawa Real Estate Tips, Advice, Information and Help

Want help buying Ottawa real estate? Interesting in what your Ottawa home is worth now? Simply contact me for a personalized consultation, and together we will make your Ottawa homeowner dreams come true.

Until next time,