fbpx

Real Estate Stats for December 2023

Constance Bay

Date

January
2024

Constance Bay Real Estate Market Report – December 2023

Welcome to all Constance Bay residents and real estate enthusiasts! We’re thrilled to bring to you the most recent Constance Bay real estate market report for December 2023. In this report, we aim to unravel the key statistics that continue to shape the extraordinary housing market in Constance Bay.

Constance Bay Real Estate Market Report for December 2023

Property Prices

The most recent data for December 2023 indicates that the average sale price for a detached single-family home in Constance Bay was $395,000. This comes as a significant decrease of 50.52% in comparison to the previous year’s average price of $798,250 recorded in December 2022.

Constance Bay Real Estate Market Report for December 2023

Days to Sell

In December 2023, it took an average of 69 days for properties in Constance Bay to sell, reflecting a decrease of 42 days from the previous year in December 2022. When we compare the data from five years ago in December 2018, average Days to Sell were registered at 65, making this a difference of +4 days in December 2023.

Properties Sold

For December 2023, there was only 1 property sold in Constance Bay. This figure was quite different from December 2022 when there were 2 properties sold, indicating a decrease of 50.0%. When we backtrack to 5 years ago, that is, December 2018, there were 1 property sold, showing there has been no difference in the number of properties sold between December 2023 and December 2018.

Long-Term Market Growth

Within the span of the last 5 years, the average price of properties sold has surged from $28,344 in 2018 to an impressive $395,000 in December 2023 – a change of +1293.57%. The average sales price change for different types of homes, from 2018 to December 2023, is as follows – detached single-family home: $28,344 (+7.7%); Bungalow: $59,701 (+17.8%); 2-Story home: $1,110,900 (+227.1%). However, the figures for Row/Townhome remain N/A.

Constance Bay Real Estate Market Report for December 2023

Constance Bay vs Ottawa

Comparing Constance Bay to the broader municipality of Ottawa uncovers some interesting patterns. In December 2023, Ottawa’s average sale price for a detached single-family home was approximately $808,874, higher by +104.8% as compared to Constance Bay’s average rate of $395,000 for a similar property.

Constance Bay Real Estate Market Report for December 2023

Posted Mortgage Rates

As per the records of November 29, 2023, the following interest rates are in effect: 1-Year term is at 8.09%, 3-Year term stands at 7.24%, while the rate for a 5-Year term is 7.04%.

Constance Bay Real Estate Market Report for December 2023

Conclusion

These figures undoubtedly reflect the dynamic nature of the Constance Bay real estate market. With constantly changing trends and relative variability in comparison to wider Ottawa, potential investors would be wise to keep their fingers on the pulse of the market’s heartbeat to facilitate informed decisions.

Constance Bay Real Estate Market Report for December 2023

All real estate statistics have been obtained from data reported by the Ottawa Real Estate Board’s MLS System. We have curated our search criteria to ensure more accurate stats for smaller regions of Ottawa. All figures are believed accurate but may not be guaranteed – we are human after all!

How much is your

Home Worth?

Ever wondered if your home's value could buy you a lifetime supply of avocados?

Ok, probably not,
but let's find out anyway!

Grab your

free

Market Evaluation!

Today!

Want to know what really happens
behind closed doors?

( not like that! )

Apologies for disrupting your legendary cat video marathon!

But, just like deciphering a cat's mysterious antics, our real estate newsletter offers a blend of enlightenment, occasional bewilderment, and unwavering entertainment!

Sign up today and add some property purrspective to your inbox!

Meet our team

Jacynthe Profile Photo

Jacynthe
Soulard-Mantion

REALTOR® SALES REPRESENTATIVE

Ottawa Property Group Realty
Brokerage

In Ottawa’s real estate scene, Jacynthe shines as a bilingual agent like no other. Her genuine commitment to helping clients, coupled with her fluency in French, English (and a little Spanish!), sets her apart and guarantees a real estate experience beyond compare.

613-883-7827

Andrew Profile Photo

Andrew
Osborne

REALTOR® SALES REPRESENTATIVE

Ottawa Property Group Realty
Brokerage

Born and raised in Ottawa, Andrew thrives on orchestrating strategies that ensure his clients receive unparalleled exposure. His dedication to maximizing visibility doesn’t just make him fantastic real estate agent – it makes him a valuable partner in your property journey.

613-862-2208

How much is your

HOME WORTH?

Want to know how much your home could fetch in today’s crazy real estate market?

Well, we’re here to satisfy your curiosity with a complimentary market evaluation. It’s like a sneak peek into your home’s worth!

Ready to dive in? Just fill out the form – it’s super quick and easy!

By submitting this form, you are providing express consent to receive commercial electronic messages from Jacynthe, Andrew, MyOttawaProperty.com or a representative of our brokerage, in order to answer your inquiry. You may unsubscribe at any time.