Spring has sprung an increase in residential sales
Ottawa, April 4, 2012 – Members of the Ottawa Real Estate Board sold 1,396 residential properties in March through the Board’s Multiple Listing Service® system, compared with 1,240 in March 2011, an increase of 12.6 per cent. The five-year average for March sales is 1,276.
March’s sales included 277 in the condominium property class, and 1,119 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.
“Along with the increasing temperatures and the arrival of spring, March saw a substantial increase in residential sales,” notes Ansel Clarke, President of the Ottawa Real Estate Board. “With interest rates continuing to be low, it is no surprise that the market remains healthy and balanced.”
The average sale price of residential properties, including condominiums, sold in March in the Ottawa area was $353,684, an increase of 2.1 per cent over March 2011. The average sale price for a condominium-class property was $267,308, an increase of 5.7 per cent over March 2011. The average sale price of a residential-class property was $375,065, a slight decrease of 0.2 per cent over March 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. (As in Ottawa Real Estate Board website)
Beautifully updated open concept floor plan.Totally private backyard oasis with park like setting features a fabulous inground pool, deck & patio. Large mbed. has sitting area custom closet & walk-in closet plus luxurious ensuite with jacuzzi tub. Lower level features 2 good size bdrms.,updated bath with large custom walk-in shower & cozy famrm with woodstove. Must See to appreciate.
OPEN HOUSE- SUNDAY JUNE 20th, 2pm-4pm. Wonderful open concept, end unit in the popular area of West Creek Meadows. This home has it all! Newly installed, gleaming hardwood floors in the living room & dining room. New kitchen cabinetry with lots of storage & pantry. The bright lower level family room has a cozy gas burning fireplace. Good sized, fenced backyard with deck & storage shed. 3 Bdr, 2 1/2 baths,central vacuum, large master bedroom with ensuite & walk-in closet.
Here is a sampling of some of the homes The O’Donnell Team has sold. If any of the properties below are representative of an area or home your are looking for please fill out our Home Search Questionnaire and mention the property and we will search for any similar properties that may be currently on the market.
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