Every month we take a closer look and drill down the sales data of Ottawa condos from the previous month. Here are the statistics for December 2021 in the top five "downtown" areas - Centretown, Byward Market and Sandyhill, Little Italy (which includes Lebreton Flats), Hintonburg, and Westboro. The information will be specific to apartment-style condominiums, and only what sold through the MLS. Also important to note that DOM (Day's On Market) is calculated to include the conditional period, which in Ottawa is almost every single transaction to be roughly 14 days.
Every month we break down the numbers for the top downtown areas for condos, but I have started including the Ottawa Real Estate board overall stats for the month to paint a picture of the overall condo market. Also interesting to note is that the average sale price year to date for condominiums across the city increased 16 percent over 2020, hitting $419,683.
One important thing to note as you look at the numbers below is that they are based on smaller data points that might not properly indicate that specific properties have increased or decreased. For example, both Westboro and Hintonburg had only one condo sold during the month, which makes the “average” sold price look like a HUGE jump over last year. Compare that to Centretown which had 23 sold units, the average sold price is much more inline with what the market is seeing.
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