Dreamhome Ottawa

Andrew Miller, Sales Representative

RE/MAX Hallmark Realty Group‎, Brokerage

613-447-7669  |  Email Andrew

Thursday, July 9, 2015

Ottawa Real Estate Market Watch – July 2015

Well, turns out I was right again and June numbers are better than 2014 yet again.  The Ottawa Real Estate Board numbers are out and the number of sales in June 2015 (1,694 units), was an increase of 2.2% over June 2014.  Residential homes at -1,420 units, while Condominiums were at-274 units Sold.  The five year average for unit sales in the month of June is 1,664.

Average sale price for June 2015 ($382,766),  which was an increase of 5% over June 2014. But is down slightly from the previous month.

Cumulative days on market for sold units was 74 days.

New listings taken in June 2015 increased by 7.6% over June 2014

Active listing inventory in June 2015, increased by 9% over June 2014

We are seeing a balanced market on the Residential side of things and more of a buyers market on the condo side.

My suggestion out there for investors is to starting making some moves on low pricing on condo townhomes.  These prices won’t stay low for long.  I have seen people selling townhomes for the same price they paid 5 years ago!

Email me anytime for more info on the Ottawa Real Estate Market or Real Estate advice. amiller@kwottawa.ca

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Meet Your Next Realtor, Andrew Miller

Born and raised in the Ottawa area, with years of experience in the Real Estate industry, I have the tools needed to get you started on your next move. Be it buying or selling, I am confident that from your first home, to your dream home, I can help make your dreams become a Reality................ Read More

I was a single girl buying a home by myself which made my parents a little worried that someone might take advantage of me, especially since everyone is your "friend" until they make a sale. I have to say the thought never crossed my mind, but Andrew put my parents concerns quickly aside with his very professional and friendly ways. As a first time home buyer I of course had a lot of questions, and Andrew was always available to answer any of them for me, or my parents questions for that matter ;) Everything was well taken care of and I felt throughout the whole process that MY needs were the most important thing. Most importantly Andrew made sure that the process went as stress-free as possible! I would, and already have recommended Andrew to anyone looking to buy or sell, and will definitely be working with him again in the future!

Amanda Laforest