2008 Neighbourhood House Prices Increases and Decreases

2008 Neighbourhoods with above-average increases in house prices

Area

Units

Sold

2007

Average

2008

Average

Per cent

change

Area

Units

Sold

2007

Average

2008

Average

Per cent

change

Lowertown

10

$310,438

$430.040

+38.5%

Riverside park,

Billings Bridge

75

$292,116

$326,717

+11.8%

Greely

113

$369,530

$449,014

+21.5%

Greenboro

83

$262,849

$293,930

+11.8%

Beaverbrook

48

$270,178

$327,171

+21.1%

Westboro

59

$382,147

$427,427

+11.8%

Overbrook, Castle

Heights

80

$246,318

$288,944

+17.3%

Katimavik

75

$267,297

$297,927

+11.5%

Glebe, east of

Bank

27

$479,005

$559,990

+16.9%

Blackburn Hamlet

42

$273,936

$304,810

+11.3%

Vanier south

12

$202,720

$235,825

+16.3%

Civic Hospital Area

48

$421,403

$467,054

+10.8%

Riverside Park

169

$353,197

$407,692

+15.4%

Vanier north

48

$211,284

$233,889

+10.7%

Rothwell Heights

14

$615,133

$707,750

+15.1%

Centretown

76

$407,062

$449,707

+10.5%

Sandy Hill

33

$390,140

$447,755

+14.8%

Bells Corners

56

$236,152

$260,816

+10.4%

Carlingwood

21

$323,300

$367,095

+13.5%

Hintonburg

30

$246,927

$272,204

+10.2%

Meadowlands

55

$289,270

$326,349

+12.8%

Highland Park area

94

$440,723

$485,273

+10.1%

McKellar Heights

31

$317,327

$358,094

+12.8%

Orleans east of Jeanne `Arc

805

$279,665

$307,494

+10.0%

Whitehaven area

80

$267,684

$301,233

+12.5%

Barrhaven

636

$285,898

$313,951

+9.8%

New Edingburgh

16

$494,227

$555,694

+12.4%

Emertald Meadows

88

$263,790

$287,142

+8.9%

Queensway Terrace South

42

$235,644

$264,881

+12.4%

Kanata Lakes

114

$358,415

$389,800

+8.8%

Orleans, west of

Jeanne D`Arc

334

$294,037

$328,915

+11.9%

Stittsville

336

$315,218

$342,401

+8.6%

Neighbourhoods with falling prices

Area

Units

Sold

2007

Average

2008

Average

Per cent

change

Area

Units

Sold

2007

Average

2008

Average

Per cent

change

Island Park, south

22

$483,644

$410,173

-15.2%

Mooney`s Bay

35

$400,044

$371,410

-7.2%

Rockliffe Park

21

$1,280,921

$1,132,238

-11.6%

Britannia

35

$317,114

$311,697

-1.7%

Note: Prices are for sales of residential properties, excluding condominiums, from data compiled by the Ottawa Real Estate Board.  They compare

Average purchase prices in the first eight months of 2007 with those in the first eight months of 2008 ** Source: Ottawa Citizen and The Ottawa Real Estate Board