Hintonburg Real Estate is Red Hot!

October 16, 2012 6:19 pm Published by Leave your thoughts

Hintonburg house prices have shown eye popping increases in the past year, registering more than a 20% increase over 2011 in some areas.  This comes despite a cooling real estate market in most other areas of Ottawa.

In August, data released by the Ottawa Real Estate Board showed that the average home resale price increased by 23.3% in the area of Hintonburg between Scott and Wellington West over the past year.  The area of Hintonburg bordered by Wellington St. W. and the Queensway saw average resale prices increase by 6.2%, even outpacing the 5.3% increase in Westboro properties.

Despite an overall cooling of the Ottawa real estate market, where; some neighbourhoods such as the Glebe and Orleans have witnessed declines in average resale prices in 2012 compared to 2011, price increases in Hintonburg reflect the upbeat neighbourhood vibe.  “Hintonburg is quickly becoming one of the most sought-after areas of Ottawa for home buyers,” explained John King, a top local Realtor®.

For more information on how to profit from recent trends in neighbourhood home prices in Ottawa, contact a sales or marketing representative with Engel & Völkers Ottawa Central.

 

Tags: , , , , ,

Categorised in:

This post was written by Heather