Members of the Ottawa Real Estate Board sold 1,536 residential properties in April through the Board’s Multiple Listing Service® system compared with 1,814 in April 2010, a decrease of 15.3 per cent. The five-year average for home sales in April is 1,612.

Of those sales, 316 were in the condominium property class, while 1,220 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.

“Sales in April 2010 soared well above average in advance of the implementation of the Harmonized Sales Tax in Ontario last July. Normally in Ottawa, we see a brisker sales period beginning at the end of April or early May, but last year’s spring market started earlier by about three months due to the HST. That surge in sales pushed April’s five-year average up significantly; it’s not out of the ordinary for about 1,500 homes to be sold in April in our market,” said Board President Joanne Tibbles.

“Home prices still continued to rise at the usual moderate rate last month, demonstrating a solid demand for resale homes in Ottawa. Re-sale housing inventory is up 17.2 per cent from this time last year, indicating that Ottawa is clearly in a healthy, balanced market,” Tibbles added.

The average sale price of residential properties, including condominiums, sold in April in the Ottawa area was $351,226, an increase of 5.4 per cent over April 2010. The average sale price for a condominium-class property was $255,232, an increase of 2.1 per cent over April 2010. The average sale price of a residential-class property was $376,090, an increase of 5.4 per cent over April 2010. 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.

Source OREB

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The neighborhood of Woodroffe in Ottawa, Ontario saw a total of 3 sales during the month of November 2010. This is a 67% increase for the neighborhood of Woodroffe when compared to November 2009. Average days on market have gone up dramatically 93% over last year for the Woodroffe area. Homes in the residential class have been selling at an average of $498,500 when compared to Woodroffe stats for November 2009.

The neighborhood of  Carlington in Ottawa, Ontario saw a total of 8 sales during the month of November 2010. This is the same amount the neighborhood of Carlington saw in November 2009. Average days on market have gone down dramatically to 225% over last year for the Carlington area. Homes in the residential class have been selling at an average of $273,737 when compared to Carlington stats for November 2009 this is a 7% increase.

The neighborhood of  Westboro & Hampton Park in Ottawa, Ontario saw a total of 2 sales during the month of November 2010. This is a sharp 250% drop for the neighborhood of Westboro & Hampton Park when compared to November 2009 which saw a total of 7  sales. Average days on market have gone down up by 49% over last year for the Westboro & Hampton Park area. Homes in the residential class have been selling at an average of $677,500 when compared to Westboro & Hampton Parkstats for November 2009 this is a 18% increase.

The neighborhood of Ottawa East in Ottawa, Ontario saw a total of 2 sales during the month of November 2010. This is a 50% drop for the neighborhood of Ottawa East when compared to November 2009. Average days on market have gone down dramatically to 7% over last year for the Ottawa East area. Homes in the residential class have been selling at an average of $485,450 when compared to Ottawa East stats for November 2009 this is a 17% increase.

The neighborhood of Centre Town in Ottawa, Ontario saw a total of 3 sales during the month of November 2010. This is a 200% drop for the neighborhood of Centre Town when compared to November 2009. Average days on market have gone up 24% over last year for the Centre Town area. Homes in the residential class have been selling at an average of $705,166 when compared to Centre Town stats for November 2010.

The neighborhood of New Edinburgh in Ottawa, Ontario saw a total of 1 sale during the month of November 2010. This is a 200% decrease for the neighborhood of Vanier compared to November 2009. Average days on market have gone down sharply because of this decrease in listings. Average days on market for New Edinburgh for November 2010 is 7. Homes in the residential class have been selling at an average of $466,500.

The neighborhood of Carson Meadows located a few minutes from Downtown Ottawa, Ontario saw a total of 2 sales during the month of November 2010. This is average of the neighborhood of Carson Meadows considering the time of year. Average days on market have gone down to 24 days. Homes in the residential class have been selling at an average of $323,000 an increase of 17% over last year’s $267,500 average (November 2009).