Ottawa Market Real Estate Update

The Facts for February 2016

Number of combined Residential & Condominium sales was 911

  • Increase of 7.2% compared to 850 sales in February 2015

Breakdown:

  • Number of residential sales was 712
  • Increase of 4.4% compared to 682 sales in February 2015
  • Number of condominium sales was 199
  • Increase of 18.5% compared to 168 sales in February 2015

 

The 5-year average for the number of February sales is 908

 

Average sale price of all residential homes, including condominiums was 355,163

  • Decrease of -0.8% compared to $357,955 in February 2015

 

Breakdown:

  • Average Sale Price of residential homes was $384,632
  • Increase of 1.2% compared to $380,144 in February 2015
  • Average Sale Price of condominiums was $249,727
  • Decrease of -6.8% compared to $267,880 in February 2015

 

Average Cumulative Days on Market was 109 (residential and condominium combined)

  • Increase of 10% compared to 99 days on the market in February 2015

Breakdown:

  • Cumulative days on Market for residential properties was 105
  • Cumulative days on Market for condominium properties was 122

 

New Listings taken was 2,312 (residential and condominium combined)

  • Decrease of -2.2% compared to 2,364 new listings taken in February 2015

Breakdown:

  • New residential listing was 1,694 (1,746 in February 2015)
  • New condominium listings was 618 (618 in February 2015)

 

Inventory Absorption Rate is 7 months (8 months February 2015)

Breakdown:

  • Residential absorption rate is 6 months (7 months in Feb 2015)
  • Condominium absorption rate is 8 months (10 months in Feb 2015)

 

Sales to Inventory Ratio is 15% (13% in Feb 2016)

  • A Balanced Market is 15% to 25%

Breakdown:

  • Residential sales to inventory ratio is 16% (Balanced Market)
  • Condominium sales to inventory ratio is 12% (Buyer Market)

 

Average Sale Price to Average List Price Ratio Combined = 97%

Breakdown:

  • Residential = 97%
  • Condominium = 96.9%

 

 District 7 – Winchester

Units Sold = Increase of 133.3%

  • 28 in February 2016
  • 12 in February 2015

Average Sale Price = Increase of 13.8%

  • $221,863 in February 2016
  • $ 257,270 in February 2015

 

District 8 – Kemptville

Units Sold = Decrease of -13.2%

  • 33 in February 2016
  • 38 in February 2015

Average Sale Price = Decrease of 5.3%

  • $ 294,342 in February 2016
  • $ 279,536 in February 2015

 

District 9 – Almonte / Carleton Place

Units Sold = Increase of 6.3%

  • 51 in February 2016
  • 48 in February 2015

Average Sale Price = Increase of 3.9%

  • $ 295,090 in February 2016
  • $ 306,909 in February 2015

 

District 26 – Riverside South

Units Sold = Increase of -27.3%

  • 24 in February 2016
  • 33 in February 2015

Average Sale Price = Decrease of 1.7%

  • $ 364,696 in February 2016
  • $ 358,664 in February 2015

 

District 50 – Westboro

Units Sold = Decrease of -57.1%

  • 6 in February 2016
  • 14 in February 2015

Average Sale Price = Decrease of -2.3%

  • $ 517,000 in February 2016
  • $ 529,414 in February 2015

 

District 77 – Barrhaven

Units Sold = Decrease of -7.7%

  • 72 in February 2016
  • 78 in February 2015

Average Sale Price = Decrease of 3.6%

  • $ 354,221 in February 2016
  • $ 341,876 in February 2015

 

District 80 – Manotick

Units Sold Increase of 100%

  • 12 in February 2016
  • 6 in February 2015

Average Sale Price = Increase of 4.2%

  • $563,783 in February 2016
  • $541,317 in February 2015

 

District 82 – Stittsville

Units Sold = Increase of 23.3%

  • 33 in February 2016
  • 43 in February 2015

Average Sale Price = Decrease of -1.3%

  • $ 397,615 in February 2016
  • $ 402,694 in February 2015

 

District 90 – Kanata

Units Sold = Increase of 14.9%

  • 74 in February 2016
  • 87 in February 2015

Average Sale Price = Decrease of -5.6%

  • $ 342,775 in February 2016
  • $ 362,934 in February 2015

 

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