The Secret’s Out: CBL is one of Ottawa’s Most Desirable Neighbourhoods!

There are a lot of new faces in the neighbourhood! You have likely noticed how quickly homes are selling over the past little while. A number have been sold before they were even listed. We decided to do a little digging into the stats, to see how our local market has evolved in the past 3 years.

Bungalow sales

In 2016, the average sale price was $394,000, with an average of 46 days on market. So far this year, the average sale price is $479,000, with an average of 13 days on the market. That’s an increase of 40% in the average sale price of a bungalow.

2-storey, 3-storey, split levels

In 2016, the average sale price was $525,000, compared to $660,000 in 2019. That’s a 25% increase. And the average number of days on the market has dropped from 43 to 33 days since 2016.

Data provided by Ana Ideias, Coldwell Banker First Ottawa.

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