Friday, April 07, 2006

Ottawa Home Sales Flat Through January 2006

Condominium apartments and townhouses remain the hottest sector of Ottawa's resale housing market.

The Ottawa Real Estate Board says the average price of condominiums sold last month jumped 10.8 per cent to $193,932 from $175,015 in January 2005. The number of condos changing hands fell 4.5 per cent, as real estate agents completed 128 condo transactions last month.

Overall, the Real Estate Board says 653 residential properties were sold last month, down 2.2 per cent from January 2005 levels.

The average price of all homes sold last month – both single-family and condominiums – rose 1.5 per cent to $244,075.


Post a Comment

<< Home