Grater Toronto Realtors reported 10430 sales through out MLS in March pushing total first quarter 2010 sale 22418. The average price for March transactions was $434696.00 and the average first quarter purchase price was $427948.00
Ottawa, April , 2010 - Members of the Ottawa Real Estate Board sold 1,499 residential properties in March through the Board’s Multiple Listing Service system compared with 1,161 in March 2009, an increase of 29.1%.
Of those sales, 327 were in the condominium property class, while 1,172 were in the residential property class. The condominium property class includes any property, regardless of style (i.e. detached, semi-detached, apartment, stacked etc.) which is registered as a condominium, as well as properties which are co-operatives, life leases and timeshares. The residential property class includes all other residential properties.
The average sale price of residential properties, including condominiums, sold in March in the Ottawa area was $329,767, an increase of 15% over March 2009. The average sale price for a condominium-class property was $240,409, an increase of 15.1% over March 2009.
The average sale price of a residential-class property was $354,698, an increase of 15.1% over March 2009. The Board cautions that average sale price information can be useful in establishing trends over time but should not be used as an indicator that specific properties have increased or decreased in value. The average sale price is calculated based on the total dollar volume of all properties sold.
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