Now that 2010 has arrived, let's take a look at how the 2009 Ottawa condo market fared.
A total of 2,669 condos were sold in 2009 in the Ottawa area. The average sold price was $228,242 and the average condo in Ottawa sold in 32 days.
Compare this with only 2,517 sales in 2008 at an average price of just $215,128.
The Ottawa real estate market is definitely on an upturn! If you are considering buying an Ottawa condo, now is the time before the market gets really busy this spring. We are expecting to have an extremely busy first half of the year, as consumers find their new homes prior to the implementation of the HST on July 1, 2010.
If you want to get a jump start on finding a condo or home for you and your family, give us a call at 613-288-2455 and we will help you in any way we can!
Posted Monday, January 11, 2010 by Martin Bouma
Tags: ottawa condos,ottawa condo market conditions
Happy New Year from the Renaud Otten Team!
We are looking forward to an exciting year in the Ottawa real estate market. The "economic downturn" is behind us and the Ottawa spring market is shaping up to be very busy. There are a number of new condominiums advancing their construction this winter and spring - notably 101 Richmond Road. Check it out here for a list of available units
Located in trendy Westboro and built by Ashcroft, it promises to be one of Ottawa's most sought-after condos!
All the best in 2010 - make this year your best yet!
The Renaud Otten Team
Posted Monday, January 04, 2010 by Martin Bouma
Tags: ottawa condos, new condo construction,101 richmond