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Ottawa Condo Real Estate Stats for January 2017

Key real estate market fundamentals for condominium sales in January on the MLS system.

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Ottawa Condo Real Estate Stats for January 2017

  1. 1. prepared by: Rick Snell, Broker, Royal LePage Performance Realty, brokerage independently owned and operated Condominium Market Overview - Ottawa January 2017 2017 2016Change YTD 2017 YTD 2016 Change New Listings 472 495 -4.9% 472 495 -4.9% Active Listing Inventory 1,349 1,510 -11.9% Sold Properties 119 129 -8.4% 2,934 129 95.6% Average Sale Price $288,655 $247,205 14.4% Median Sales Price $214,000 $215,500 -0.7% Selling Time (days) 139 115 Months of Supply 6 8 Market Balance Buyers Buyers List$/Sale$ Ratio 96.0%
  2. 2. Source: OREB Explanation: This chart plots monthly Residential property MLS® sales for the current year and the previous two years. The seasonal trend can be seen as well as a comparison to the previous year each month. prepared by: Rick Snell, Broker, Royal LePage Performance Realty, brokerage independently owned and operated 0 50 100 150 200 250 300 350 400 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Units Ottawa MLS® Condominium Unit Sales 2015 2016 2017
  3. 3. Source: OREB Explanation: This chart plots monthly Residential properties MLS® average sales price for the current year and the previous two years.. The seasonal trend can be seen as well as a comparison to the previous year each month. prepared by: Rick Snell, Broker, Royal LePage Performance Realty, brokerage independently owned and operated 220,000 230,000 240,000 250,000 260,000 270,000 280,000 290,000 300,000 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec SalePrice Condominium Average Sale Price 2015 2016 2017
  4. 4. Source: OREB Explanation: This chart plots monthly Residential properties MLS® median sales price for the current year and the previous two years. The seasonal trend can be seen as well as a comparison to the previous year each month. prepared by: Rick Snell, Broker, Royal LePage Performance Realty, brokerage independently owned and operated $195,000 $200,000 $205,000 $210,000 $215,000 $220,000 $225,000 $230,000 $235,000 $240,000 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Units Condominium Median Sale Price 2015 2016 2017
  5. 5. Source: OREB Explanation: This chart plots monthly MLS® selling time for the current year and the previous two years. The seasonal trend can be seen as well as a comparison to the previous year each month. prepared by: Rick Snell, Broker, Royal LePage Performance Realty, brokerage independently owned and operated 0 20 40 60 80 100 120 140 160 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec MonthsuntilSale Condominium Days on Market 2015 2016 2017
  6. 6. Source: OREB Explanation: This chart plots monthly Residential properties MLS® listing inventory for the current year and the previous two years.. The seasonal trend can be seen as well as a comparison to the previous year each month. prepared by: Rick Snell, Broker, Royal LePage Performance Realty, brokerage independently owned and operated 0 500 1000 1500 2000 2500 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec UNITS Ottawa MLS® Condo Listing Inventory 2015 2016 2017
  7. 7. Source: OREB Explanation: This chart plots monthly Residential properties MLS® new listings for the current year and the previous two years. The seasonal trend can be seen as well as a comparison to the previous year each month. prepared by: Rick Snell, Broker, Royal LePage Performance Realty, brokerage independently owned and operated 0 100 200 300 400 500 600 700 800 900 1000 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec UNITS Ottawa MLS® Condo ListingsTaken 2015 2016 2017
  8. 8. Source: OREB Explanation: This chart plots monthly Residential properties MLS® absorption rate for three years. The absorption rate is the # of months it would take to sell off existing listing inventory at the current pace of sales. prepared by: Rick Snell, Broker, Royal LePage Performance Realty, brokerage independently owned and operated 0.0 2.0 4.0 6.0 8.0 10.0 12.0 14.0 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec MonthsofSupply Absorption Rate for Condominium Listings 2015 2016 2017
  9. 9. Source: OREB Explanation: This chart plots monthly MLS® sales to listing inventory ratio for three years. This ratio indicates the market balance. A ratio between 15%-25% is a balanced market which favors neither buyer or seller. A ratio below 15% favors buyers (supply is high - demand is low). A ratio above 25% favors sellers (supply is low - demand is high) The red line shows the residential homes ratio, the green line shows the ratio for condominiums. . prepared by: Rick Snell, Broker, Royal LePage Performance Realty, brokerage independently owned and operated Buyer’s Market Balanced Market Seller’s Market 5% 10% 15% 20% 25% 30% Jan'14 Feb'14 Mar'14 Apr'14 May'14 Jun'14 Jul'14 Aug'14 Sep'14 Oct'14 Nov'14 Dec'14 Jan'15 Feb'15 Mar'15 Apr'15 May'15 Jun'15 Jul'15 Aug'15 Sept'15 Oct'15 Nov'15 Dec'15 Jan'16 Feb'16 Mar'16 Apr'16 May'16 Jun'16 Jul'16 Aug'16 Sep'16 Oct'16 Nov'16 Dec'16 Jan'17 Ottawa MLS® Sales To Inventory Ratio Res Condo

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