What happened in Centre Town and Golden Triangle, Ottawa during the month of April 2010?

The neighborhoods of Centre Town and Golden Triangle, in Ottawa saw a total of 11 sales in April 2010.

The average days on the market of the homes sold in April 2010 in Centre Town and and Golden Triangle, was 15. The longest days on the market was 96 and the shortest was 0 day (home sold on day of listing). The average price of homes sold during the month of April 2010 in Centre Town and and Golden Triangle was $472,709 an increase over last years $415,650 average during the same period.. The highest priced property sold during the month of April in Centre Town and and Golden Triangle was $665,000 and the lowest was $340,000.

Compared with April 2009 homes in Centre Town and and Golden Triangle are selling much at the same speed this year. Average days on the market of homes in Centre Town and and Golden Triangle, Ottawa during the month of April 2009 was 15 days. The longest days on the market was 33 and the shortest was 2. The highest priced property sold during the month of April 2009 was $563,000 and the lowest was $327,000.

This being said now is a great time to sell your home in Centre Town and and Golden Triangle as demand is high and the inventory is low.

If you are looking to sell your home call today for your free home market evaluation. 613-889-7732

Source: OREB

Source: Oreb

Members of the Ottawa Real Estate Board sold 1,499 residential properties in March through the Board’s Multiple Listing Service® system compared with 1,161 in March 2009, an increase of 29.1 per cent.

Of those sales, 327 were in the condominium property class, while 1,172 were 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.

“The spring market kicked off early and strong this year, possibly boosted by the unseasonably warm weather and absence of snow in March,” said Board President Pierre de Varennes. “Inventory is still lower than at this time in 2009, but has begun to increase slightly in recent months,” he added.

The average sale price of residential properties, including condominiums, sold in March in the Ottawa area was $329,767, an increase of 15 per cent over March 2009. The average sale price for a condominium-class property was $240,409, an increase of 15.1 per cent over March 2009. The average sale price of a residential-class property was $354,698, an increase of 15.1 per cent over March 2009. 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.

The Ottawa Real Estate Board is an industry association of 2,540 sales representatives and brokers in the Ottawa area. Members of the Board are also members of the Canadian Real Estate Association and thus are entitled to use the term REALTOR®.

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 Board’s 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. Information about listings and open houses is also available in the Board’s weekly newspaper, Ottawa Real Estate Guide, available free at 700 locations across the Ottawa area and now online at www.OttawaRealEstateGuide.ca.