Visit www.OttawaRealEstate.org for local MLS listings, Open House information or to contact one of our members.

September 2011

Hows the housing market?

Above-average home sales in August
OTTAWA, September 6, 2011

Through the summer, the resale

from, which often leads to a longer

Members of the Ottawa Real

housing market has picked up

selling time, she added.

Estate Board sold 1,329 residential

some momentum and made up for

properties in August through the

the quiet start to 2011; this years

The

Boards Multiple Listing Service

unit sales to date are now within

residential properties, including

system compared with 1,099 in

a percentage point of the number

condominiums, sold in August in

August 2010, an increase of 20.9

of homes sold by this time last

the Ottawa area was $337,372, an

per cent. The five-year average for

year. However, we are seeing that

increase of 6.2 per cent over August

August sales is 1,225.

homes are taking slightly longer

2010. The average sale price for

a

August Sales Residential & Condo

average

sale

condominium-class

price

of

property

Of those sales, 285 were in the

1500

was $252,999, an increase of 3.1

condominium

class,

1200

per cent over August 2010. The

while 1,044 were in the residential

900

average sale price of a residential-

property class. The condominium

600

class property was $360,405,

property

class

any

300

an increase of 6.3 per cent over

property,

regardless

style

(i.e.

detached,

property

includes
of

semi-detached,

2007

2008

2009

2010

2011

August 2010. The Board cautions

that average sale price information

apartment, stacked etc.), which

to sell than they did in July, said

can be useful in establishing trends

is registered as a condominium,

Board President Joanne Tibbles.

over time but should not be used as

as well as properties, which

Interest rates are still low, which

an indicator that specific properties

are

continues

many

have increased or decreased in

and timeshares. The residential

buyers and sellers, but a more

value. The average sale price is

property class includes all other

balanced market means more

calculated based on the total dollar

residential properties.

properties for buyers to choose

volume of all properties sold.

co-operatives,

life

leases

to

motivate

Media/public enquiries: Joanne Tibbles, 613-225-2240

The Ottawa Real Estate Board is an industry association of 2,,700 sales representatives and brokers in the Ottawa area, and in 2011 is celebrating 90 years of service to its members. Members of the
Board are also members of the Canadian Real Estate Association.
The MLS system is a member based service, paid for by the REALTOR members of the Ottawa Real Estate Board. The MLS mark symbolizes the cooperation among REALTORS to effect
the purchase and sale of real estate through real estate services provided by REALTORS. MLS commercial and residential listings are available for viewing on the Boards internet site at
www.OttawaRealEstate.org and on the national websites of The Canadian Real Estate Association at www.REALTOR.ca and www.ICX.ca.
Trademarks are owned or controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA (REALTOR) and/or the quality of
services they provide (MLS).

Ottawa Real Estate Board

Residential and Condominium Sales
for the Month of August - 2011
Property Class

Type

# Units
Average Sale Price
2011
2010
%Chg
2011
2010
%Chg
-----------------------------------------------------------------------------------------------RES
1.5STY
45
35
28.6
$255,364
$252,063
1.3
2STOREY
560
459
22.0
$389,272
$359,488
8.3
3STOREY
48
34
41.2
$459,435
$468,777
-2.0
BUNGLOW
266
217
22.6
$319,559
$306,264
4.3
DBL-SXS
3
4
-25.0
$603,000
$278,000
116.9
DUP-UD
10
6
66.7
$413,300
$421,167
-1.9
HIRANCH
43
40
7.5
$273,128
$283,015
-3.5
MOBIL
9
6
50.0
$74,644
$62,167
20.1
SPLIT
58
46
26.1
$354,400
$352,966
0.4
OTHER
2
2
0.0
$405,250
$52,000
679.3
-----------------------------------------------------------------------------------------------1,044
849
23.0
$360,405
$339,102
6.3
CON

1LEVEL
145
119
21.8
$276,162
$275,902
0.1
2STOREY
119
110
8.2
$220,897
$210,125
5.1
3STOREY
16
12
33.3
$288,175
$240,792
19.7
BUNGLOW
1
4
-75.0
$322,500
$350,125
-7.9
SPLIT
1
0
.
$193,000
$0
.
OTHER
3
5
-40.0
$216,000
$221,900
-2.7
-----------------------------------------------------------------------------------------------285
250
14.0
$252,999
$245,382
3.1
-----------------------------------------------------------------------------------------------1,329
1,099
20.9
$337,372
$317,783
6.2
-----------------------------------------------------------------------------------------------Ottawa Real Estate Board
Residential and Condominium Sales
Year-To-Date up to August - 2011
Property Class

Type

# Units
Average Sale Price
2011
2010
%Chg
2011
2010
%Chg
-----------------------------------------------------------------------------------------------RES
1.5STY
246
277
-11.2
$251,428
$252,118
-0.3
2STOREY
4,765
4,725
0.8
$388,209
$368,845
5.2
3STOREY
360
324
11.1
$483,748
$481,244
0.5
BUNGLOW
1,897
1,916
-1.0
$340,486
$314,584
8.2
DBL-SXS
20
22
-9.1
$444,025
$380,231
16.8
DUP-UD
73
81
-9.9
$411,604
$405,817
1.4
HIRANCH
309
326
-5.2
$285,599
$286,098
-0.2
MOBIL
58
63
-7.9
$77,993
$82,747
-5.7
SPLIT
374
414
-9.7
$353,770
$335,901
5.3
OTHER
13
14
-7.1
$340,646
$204,886
66.3
-----------------------------------------------------------------------------------------------8,115
8,162
-0.6
$369,705
$349,540
5.8
CON

1LEVEL
1,151
1,075
7.1
$287,857
$277,964
3.6
1.5STY
4
1
300.0
$258,250
$301,000
-14.2
2STOREY
958
1,049
-8.7
$226,275
$213,480
6.0
3STOREY
139
147
-5.4
$280,165
$236,728
18.3
BUNGLOW
25
36
-30.6
$291,172
$331,582
-12.2
HIRANCH
2
2
0.0
$190,950
$184,500
3.5
SPLIT
13
6
116.7
$219,777
$290,108
-24.2
OTHER
15
23
-34.8
$225,060
$245,269
-8.2
-----------------------------------------------------------------------------------------------2,307
2,339
-1.4
$260,930
$246,917
5.7
-----------------------------------------------------------------------------------------------10,422
10,501
-0.8
$345,627
$326,682
5.8
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