Another record breaking month in the Ottawa Real Estate market with the highest number of properties sold in one month ever recorded! The Ottawa condo market is gaining significant strength, with 44 Condos sold last month, that’s 44.6% more than May 2016.  We are still seeing lower than normal inventory, more multiple offer situations and fewer days on the market which is good for sellers but with prices remaining “relatively steady”, it is also good news for Buyers.  Check out the highlights below and send us an email to info@teamrealty.ca for details and info on specific properties, we love to
Read More

Curious about what’s going on in the Ottawa Real Estate Market?   Below are some highlights of our April 2017 market.  Curious about a certain area?  Please contact us and/or one of our Sales Representatives  for details, we have up to date statistics on all Ottawa neighbourhoods and the surrounding areas. Spring Market Continues to Blossom! News release from the Ottawa Real Estate Board, May 3rd, 2017 OTTAWA, May 3, 2017 – Members of the Ottawa Real Estate Board sold 1,795 residential properties in April through the Board’s Multiple Listing Service® System, compared with 1,711 in April 2016, an increase of 4.9
Read More

“Spring market primed for a competitive season ahead!”   FEBRUARY 2016 MARKET HIGHLIGHTS: 1010 Residential properties were sold through Ottawa MLS® (including 233 in the Condominium class and 777 residential properties) Average Sale Prices: $417, 374 (Res +8.5%) and $258,397 (Condo +4%) Increased number of residential properties selling in the $750K-1Million resulted in a higher Average Sale Price. 2066 homes listed, up almost 25% over January 2017 Most active price point was in the $300K-$399K range, followed by the $400,000 to $499,999 range,  accounting for 54.6 per cent of the market (combined)     Information below taken from OREB OTTAWA, March 3,
Read More

  2016 was a record breaking year for Ottawa real estate resales! 715 sales in December brought the total number of properties sold throughout the year through Board’s MLS® to 15,537, a 6% increase over 2015. With more properties selling over $500K December also had the highest average sale price ever recorded $420,750, considerably higher than the 2016 average sale price of $371,987.   Information below from the Ottawa Real Estate Board’s Latest new’s release on January 5th, 2017.  2016 proves to be a record-breaking year for Ottawa resales OTTAWA, January 5, 2017 – Members of the Ottawa Real Estate Board sold
Read More

While temperatures are dropping, the fall real estate market in Ottawa remains steady with another record breaking month!  Recently released statistics from the Ottawa Real Estate Board  below show that the condo sales soared in October, up 27.2% over last year!   While these statistics are useful in establishing market trends they should not be used as an indicator that specific properties have increased or decreased in value. If you’re interested in a property evaluation or statistics for specific neighbourhoods please email info@teamrealty.ca or contact one of our offices, or professional real estate representatives,  we would be delighted to assist. Released by OREB,
Read More