Hot Real Estate Market in Ottawa during January to March 2018
I was curious after doing the analysis for my post: 2018 List To Sale Price Ratios Are Great For Sellers in The Ottawa Area.
So I decided to dig a bit deeper, and look at the sale-price to list-price ratios for the Ottawa area during first 3 months of 2018 (January through March).
Each vertical bar is a $100,000 range of the homes, both condos and freehold, sold on the MLS.
It’s interesting to see that 50% those listed for less than $200,000 and for more than 1 million achieved less than 97% of the asking price.
On the opposite end, over 20% of each of the listing ranges between those 2 extremes got full price or more. This is most apparent in the $300-400,000 range where 46% of homes sold got at least their asking price – and 38% got more!
It’s a great time to be a seller.
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