Thursday, 30 October 2014

Ottewell Homes for Sale

Ottewell Homes For Sale

Click Ottewell homes for sale for current listings of houses, duplexes and condos for sale in this southeast Edmonton neighbourhood. In 2014, the average sale price for a single family detached home in Ottewell has been hovering just under $400,000 and is now at $392,574.   The average sale price in Ottewell has risen by roughly $20,000 over last year's average selling price of $373,536.  The 2014 average sold price has now exceeded the 2007 boom price in the neighbourhood where Ottewell had an average price of $389,332. The average sale price statistics above are based on what a single family detached house sold for in Ottewell, the other types of properties like duplexes or condominiums are not included in these statistical values. In the high end / luxury price segment of the Ottewell Edmonton real estate market, the highest price that a home sold for so far in 2014 has been $650,000. This home was over 2100 square feet and was built in the last 5 years (an infill home).   At the other end of the price spectrum, the most affordable home sale in Ottewell in 2014 sold for $267,000.  That home was a front to back four level split that was roughly 1000 square feet.   On average it takes 32 days to sell a home in Ottewell Edmonton year to date, which is very close to the Edmonton average days on market of 36 days in 2014.  Since 2005, real estate property values in the Ottewell Edmonton neighbourhood have appreciated by 92%.

Having a look at the Duplex / Townhouse market of Ottewell, the average sale price for a duplex in 2014 is currently $312,775.  On average, the time it takes to sell a duplex in Ottewell this year has been 28 days.  The highest price that a duplex has sold for in the neighbourhood this year has been $325,000 and the most affordable duplex sold for $301,000.

Finally, moving over to the Ottewell condo market, this market now has an average selling price year to date in 2014 of $120,200. It is taking on average 22 days to sell a Ottewell condo this year.  The highest selling price for a condo in Ottewell this year has been $135,000, and the most affordable condo in Ottewell sold for only $109500. The condo complexes that have had units sell in them this year in Ottewell Edmonton include: Shalimar Plaza and Garden City Manor

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