August 4, 2015
Members of the Ottawa Real Estate Board sold 8 residential properties in Carleton Place this July through the Board's Multiple Listing Service® system, compared with 34 in July 2014, an decrease of 76 per cent. The five-year average for July sales is 18.
July's sales included 0 sales in the condominium property class, and 8 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.
There continues to be plenty of inventory, with 41 new listings in July, there are 113 listings active in the Carleton Place market. Average Days On Market for a residential property is 78 days.
The average sale price of a residential-class property sold in July in Carleton Place was $313,875, an increase of 19.3 per cent over July 2014. 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.
The Ottawa Real Estate Board is an industry association of over 3,000 sales representatives and brokers in the Ottawa area. Members of the Board are also members of the Canadian Real Estate Association.