March saw a large increase in sales of homes in the Ottawa market with 1,485 sold through the MLS system of the Ottawa Real Estate Board. That’s 28 per cent higher than a year earlier and well above the five-year average for the month (1,240).
The month’s sales were just 14 units below the record for March set in 2010 and OREB president Rick Eisert says that properties are moving faster as the spring buying season kicked into gear early.
“We’re seeing a lot more multiple offers than we’ve experienced in a while, mostly due to lower inventory levels,” says Eisert. “The number of properties listed in March also experienced a decrease over last year, and is about 100 units shy of the five-year listing average for March.”
Average sales prices increased by 5.3 per cent year-over-year for a residential class property to $415,467; and by the same percentage for condo class homes to $272,597.
MBN
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- Jackie Goodlet, Broker
- GTA, Ontario, Canada
- A New Sales Record Has Been Achieved By The Jackie Goodlet Team Who Work Out Of The Whitby Office And Specializes In High End Resale And New Home Sales. According To Broker Dave Pearce The Jackie Goodlet Team Wrote More Transactions Than Anyone Else In The 30 Year History Of Our Firm. Their 255 Transactions Had A Total Volume Of More Than $185,000,000 (185 Million). With Over 25 Years Experience In The Business The Jackie Goodlet Team Has Acquired A Wealth Of Knowledge In All Areas Of Real Estate Including Resale, New Builds, Cottages, Lease, Condos, Vacant Land, Investment And Commercial Properties. With Exceptional Negotiating Skills We Are Confident We Can Save You Time And Money On All Your Real Estate Endeavours. We Look Forward To Hearing From You And Your Referrals Are Always Welcome And Rewarded!
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