‘Tis the season…for real estate! March 2017 brought the season roaring in for this year! Here are the latest statistics on the real estate market for Ottawa. As always, if you have any questions at all please let us know.
**Homes sold in the $300,000 to $499,000 range made up 53.7% of sales while the high-end market ($1,000,000+) continues to grow quickly**
**1,485 properties were sold on the MLS system throughout Ottawa which is a growth of 28% compared to last year, making this March the second highest March on record EVER in Ottawa. 314 of these sales were condos and 1171 were residential homes.**
**$415,467 is the current average sale price of a residential property for all of Ottawa which is up 5.3% from last March 2016 and for condos we have an average sale price of $272,597 giving us another increase of 5.3 for that class over last March.**