Here are the Top 10 neighbourhoods for Price and Hotness!

top 10 neighbourhoodsWe found it interesting when we looked closely at some of the numbers of sales and prices in different neighbourhoods. So, we will start to provide you with some statistics about some stats that don't instantly jump out at you, hope you find them interesting.

For January 2018 we are giving you the Neighbourhoods that simply had the highest selling price and then we will provide you with the Neighbourhoods that had the Listings that sold the Fastest, these are the HOT Neighbourhoods right now!

Let's start with a look at the Highest Priced Sales throughout the city. Can you guess where the highest prices were for January 2018?

Top 10 Neighbourhoods by Highest Sales Price in January 2018

These are simply the neighbourhoods that had the highest priced sales for the month, based on the raw data. To put it in a bit of perspective, we also provide the time that these homes took to sell as well

  1. Rockcliffe Park, sold for $1,960,000 in 249 days

  2. Rockcliffe Park, sold for $1,495,000 in just 2 days

  3. Old Ottawa South, sold for $1,250,000 in 274 days

  4. Old Ottawa East, sold for $1,248,500 in 376 days

  5. Westboro, sold for $1,152,500 in 96 days

  6. Carlingwood, sold for $1,115,000 in 65 days

  7. Westboro, sold for $1,085,000 in 57 days

  8. Westboro, sold for $1,040,000 in 53 days

  9. Rural Kanata, sold for $985,000 in 182 days

  10. Quinterra, sold for $980,000 in just 2 days

Rockcliffe Park took the Top 2 Spots for the highest priced sales, which was expected, Westboro took 3 spots, and we had Kanata Lakes jump in at Number 9. Three of the homes that sold for the highest prices also spent more than 8 months on the Market before they sold !

In this category, I would rate Westboro as a very good Neighbourhood if you are thinking about selling your home and you price it right, you should get it sold in a few months and for a decent price.

Top 10 Neighbourhoods based on how fast listings took to sell

These could be considered the HOT Neighbourhoods, as these homes all sold the quickest in January 2018. We are giving you 12 neighbourhoods as they all sold within 1 day

  1. Overbrook 2 Storey Detached, 3 bedroom. Sold in 1 day for $4900 below List Price

  2. Centretown, 1 bedroom condo, sold in 1 day for full asking price

  3. Centretown, 1 bedroom condo, sold in 1 day for full asking price

  4. Kanata Lakes, 3 bedroom Townhouse, sold in 1 day for $300 below asking price

  5. Centretown, 1 bedroom condo, sold in 1 day for full asking price

  6. Wellington Village, 6 bedroom 2 storey detached, sold in 2 days for $72,000 over asking price

  7. Kanata Lakes, 3 bed Townhome, sold in 2 days for $36,100 over asking price

  8. Findlay Creek, 3 bedroom Semi-Detached, sold in 2 days for full asking price

  9. Overbrook, 1 bedroom Detached Bungalow, sold in 2 days for $36,200 over asking price

  10. Bradley Estates, 3 bedroom Townhome, sold in 2 days for $17,100 over asking price

  11. Copeland Park, 5 bedroom Semi Split Level, sold in 2 days for $1100 over asking price

  12. Lowertown, 2 bedroom condo, sold in 2 days for full price

All of the neighbourhoods above are HOT, as these homes all sold within 2 days of being listed, but notable are the sales that happened in Wellington Village, Kanata Lakes Overbrook and Bradley Estates, as they sold for quite a bit over the asking price.

Also, if you are thinking about selling your Condo in Centretown, this area seems to be pretty hot as well, as it took 3 spots out of the Top 12!

If you want to explore some Neighbourhoods and the real estate stats, visit our Neighbourhood Market Report Page, and if you want the current stats, check out this months General Market Update