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
