The local real estate market continues to heat up with the summer temperatures, according to the latest figures released by the Ottawa Real Estate Board on Monday.
Board members sold 1,694 residential properties in June, up 2.2 per cent from the 1,657 sold in June 2014 and also higher than the five-year average of 1,664.
“Year-to-date sales for the first half of 2015 are up 4.9 per cent over the first half of 2014, and average sale price continues to be steady for the first half of the year,” OREB president David Oikle said in a statement.
OBJ360 (Sponsored)
The Ottawa Hospital’s Campaign to Create Tomorrow enters important next phase
For Ginger Bertrand, some of her earliest childhood memories in Ottawa are centred around healthcare. “I grew up across the street from what was originally the General Hospital,” she explains,
Last month Ottawa Salus launched “Opening Doors to Dignity,” a $5 million campaign to construct a 54-unit independent living building on Capilano Drive. Set to open in late 2025, this
Agents sold 1,420 residential class properties and 274 condominiums in June. At $404,254, the average price of a residential class property was up 4.1 per cent compared with a year earlier. The average condo price was $271,415, an increase of 5.1 per cent over June 2014.
Mr. Oikle said the $300,000-to-$400,000 price range saw the most activity, but sales were up across the board. He called inventory levels “healthy,” with the average cumulative number of days on market holding steady from May at 74.
“Properties continue to move consistently, and we look forward to this continuing into the second half of the year,” Mr. Oikle said.
