August Update - Average Home Prices In Ottawa
The resale market settled back down during the month of August with average year-to-date sale prices at $722,526 residential and $420,654 for condominiums. These averages represented a 27% and 18% increase over 2020. Supply contintues to remain scarce, and that is the driving factor behind these price increases. We have about 1.5 months of inventory available which keeps us in a Sellers market. A balanced market looks like 4 to 6 months of inventory.
If you are thinking about a move in the next 3 to 6 months then now is the time to get started with decluttering, fixups around the home and professional pictures of your home. We are now booking appointments for photo shoots to show off all your hard landsacping work and care looking after the gardens and grass.
Check out the average sales prices and activity for Kanata, Stittsville, Barrhaven and Ottawa in August 2021 compared to August 2020. Curious about how your neighbourhood has perfromed? Ask us!
We are now booking appointments for photo shoots to show off all your hard work looking after the gardens and grass. Buyers love to see a home in different seasons.
Contact our team to get started 613-323-1134