How Healthy Is The Ottawa Real Estate Market? - Melanie Giray RE/MAX Affiliates
How healthy is the real estate housing market?
Hello everyone! my name is Melanie Giray from the Hamre Real Estate Team RE/MAX Affiliates here in Ottawa.
It's no secret that real estate is an amazing investment.
You know, really is a hedge against inflation it's somewhere where you can put your money in and it doesn't get affected by inflation.
So let's have a look at some numbers, you know, in 2021, the average sale price year to date for a residential property was $730,000.
Whereas in 2022 it's $831,000.
This is a 13.8% increase that we're seeing now.
In comparison to condominium properties, where we're seeing very similar.
In 2021, the average sell price here to date was $415,000.
And in 2022, it's $468,000 for an increase of 12.7%.
You know, if you're a homeowner, you have a lot of equity in your home.
If you're looking to refinance your home and, you know, purchase an investment property or you are a first-time homebuyer and you want to get into the Ottawa real estate market to build your equity and build your portfolio....⬇️
☎️ Please feel free to reach out.
I would love to chat and come up with a strategy that best suits your needs, and your circumstances in order to help you win in this market.