December 2018 Ottawa real estate | Barrhaven Houses For Sale|Ottawa market update|Ottawa Home Values


Good morning this is #TomWitek (VTEC) TV You can find more information about me at https://www.justsellinghomes.ca Today I’m going to break this video into two parts first, we’re gonna describe #December2018OttawaRealEstate data because #December2018 data came out from #OttawaRealEstateBoard (OREB) and I’m going to break it into a second video discussing what happened in #Ottawa, #OttawaRealEstate in
2017 versus 2018 so in this video let’s focus on December2018 but you will be able to see the update for 2017 and 2018 right here ^^^^^^^^once I upload 2017 versus 2018 #OttawaMarketStatistics #December2018 when we compare #December2017 to #December2018 for the residential sales in #December2017, we have $432,821 in December2017 in #December2018 we have $453,011 which is an increase of 4.7% So, the prices on average went up by 4.7% when you compare the two
Decembers. Number of units sold only $559 units sold in
#December2017 and even less sold in #December2018, 471 which is a decrease of fifteen point seven percent so #December2018 was less active this year than
last year, but the whole year throughout January to November we had more more
sales in 2018. Now, #AverageSalePrices for #condominium in #December2017 it was $255,372 and this year in #December2018 we had $278,295 which is an increase of 9%. Number of
units sold for #condominium for December2017 was 206 units sold and for
the #December2018 it was 192 So, we have minus six point eight percent a decrease in in December for the #condominium solds. #OttawaRealEstate
#Salespeople sold in #December2017 765 units, this is both #residential and #condominium and then in in December2018 we sold 663 units which is this number which is a decrease of 13.3% so you can
see that December the numbers the number of units sold decreased the prices
increased for both residential type of #homes and #condominiums, in 2018 we were plagued by low inventory between $175 thousand and $274,999 it’s
still a super-active price point in the #CondoMarket representing 55.7% of all #condounits sold. In the #ResidentialCategory the
price range between $300,000 and $449,999 is the most active price range representing forty five percent of homes sold here and in the
price range of $500 to $750 thousand one in four homes sold so 20% of all homes
sold in the market was in that price range. Days on the market were reduced
from 52 to 45 days in 2018 year-to-date and this is a quick video about December2018 #OttawaMarketUpdate Please share my video, give me a like, give me a call , go on my website at
https://www.justsellinghomes.ca and check out new #InventoryOfHomes for the #OttawaRealEstateMarket Thank you. I appreciate it.

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