Neighbourhood Rankings in the Ottawa Real Estate Market

By: Colleen Lyle & Joey Grimm

Neighbourhood Rankings in the Ottawa Real Estate Market

Tags: Ottawa Real Estate Market, Ottawa Real Estate

How Much Has Your Ottawa Neighbourhood Appreciated?

"The average price for residential properties sold through the Multiple Listing Service climbed a relatively modest 3.1 per cent year over year to $433,700 while condominiums fetched an average of $276,700, up 2.2 per cent from August 2017, according to a survey of realtors by the Ottawa Real Estate Board.

Condo prices varied hugely depending on the area of the city.  In the downtown core, the average price for a condo sold in August was $362,500, up 5.8 per cent from a year ago, while condos in the east sold for an average $323,000, up nearly 30 per cent — a statistic likely skewed by a few very expensive properties.  Average condo prices actually fell year over year in the west and the south in August. Sellers settled for $328,200 in the west (down six per cent) and $231,800 in the south (a drop of 5.4 per cent)."

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Source=Ottawa Citizen

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