🚀 go-pugleaf

I appreciate someone who provides good stats (from the horse's own annual
report no less).

Nice work.

Does the report provide the total number of sales, year over year?  If the
number has gone down, that might help to explain the gap between the
explosive (tight) market reported in The Citizen and the non-explosive
prices.


Elat Lerner <cx172@FreeNet.Carleton.CA> wrote in message
news:98d2fo$j69$1@freenet9.carleton.ca...
> Here is the fiction part:
>
> > Today's Citizen is at it again
> > (http://www.ottawacitizen.com/business/010220/5088694.html):
> >
> >   This couple bought a home in 96 for $154,000 and sold it last
> >   October  for $319,000.
> >
> >    Six buyers were bidding for the house.
> >
> >    According to the Citizen this scenario is the norm in Ottawa.
> >
> >    Droves of buyers are tearing their hair out, it says.
> >
> >    Buyers are pitted against buyers in a battle where finding
> >    the ideal home takes a backseat to finding any home.
> >
> >    The realty business has become an auction-like environment,
> >    driving offers well beyond asking prices
> >
> >    People are losing out on buying homes because they're
> >    offering the asking price.
> >
> >    "Most of the realtors I've talked to have never seen a market
> >    like this," says the Real Estate Board's Mr. Robertson.
> >
> > Deep in all this two little paragraphs are burried:
> >
> > Just two years ago, the average price for a home in Ottawa was
> > $143,914. In 2000, that figure jumped to $159,623
> > (Elat's note: That works out to an increase of 10.9% over 2 years).
> >
> > Prices, according to Lance Jakubec of CMHC, are expected to
> > rise by 6.5 per cent this year, followed by 6.2 per cent in
> > 2002.
>
> and here are the facts:
>
> > Well I finally got some facts and figures in a glossy
> > brochure that I helped myself to from someone's desk :-)
> >
> > It's called the Annual report and it's published by Real
> > Estate Board of Ottawa-Carleton.
> >
> > The average house price for 2000 was $159,511, compared to
> > 1999 at 149,650 - a 6.6% increase.
> >
> > Number of units sold 2000=12,692 1999=11,329.
> >
> > Average prices in
> > Kanata were $173,656 up from $153,600
> > Nepean      $163,751 up from $150,191
> > Ottawa      $169,053 up from $157,425
> > Gloucester  $142,705 up from $137,708
> >
> > This works out to the following percentage increase from 1999 to 2000:
> >
> > Kanata      13%
> > Nepean       9%
> > Ottawa       7%
> > Gloucester   4%
> >
> > The number of condo units sold increased from 2274 (20% of total) in
> > 1999 to 2821 (22% of total) in 2000. About 43% of the condos are
> > apartments.
> >
> > Average price in 2000 compared to 1999:
> >
> > condo apt       $116,180 $105,885 +9.7%
> > condo townhouse $107,603 $102,302 +5.2%
> > 2-storey        $202,452 $186,006 +8.8%
> > bungalow        $157,589 $143,974 +9.5%
> > row-unit        $144,531 $134,249 +7.7%
> > SD 2-stry       $145,751 $129,815 +12.3%
> >
> > (haven't figured out why the average overall increase
> > is less than most of the above
> > and why condo townhouses have the lowest increase)
> >
> > Of the total pie a little less than a quarter of the units sold
> > were under $100,000, a little over a half were under $150,000,
> > and a little over three quarters were under $200,000.
> >
> > BTW note from the above that the median price of a house in
> > metro Ottawa is still less than $150,000.
> >
> > The real estate board had 1354 members which I believe is the
> > lowest it has been in many, many years. Question is, if times
> > are so good why are there fewer real estate agents?
> >