Kanata Real Estate News for Nov 26 2018
Here are the latest benchmark prices for a single family home. The average price is up again for Nov 26th 2018.
According to our Realtors board in Ottawa , OREB. The average sale price of a residential-class property sold in December 2017 was $434,098, an increase of 3.4 per cent over December 2016. Members of the Ottawa Real Estate Board sold 1,383 residential properties in Oct. through the Board’s MLS System, compared with 1,237 in October 2017, an increase of 11.8 per cent. The five-year average for October sales is 1,223. October’s sales included 1,059 in the residential property class, a rise of 8.5 per cent from a year ago, and 324 in the condominium property class, an increase of 24.1 per cent from October 2017.
As you can see the upwards trends since 2016. This is a Sellers market, so if you are thinking of downsizing this is it. With all the layoffs in GM Oshawa, I think this will have a big impact on the overall market price. Since we are seeing Torontonians moving east to Ottawa and driving our Kanata and Ottawa Real Estate market.
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