OTTAWA, Feb. 10, 2023 (GLOBE NEWSWIRE) -- Labrosse Real Estate Group ran a study to analyze the data of real estate sales in 2022 to find out which neighbours gained the most value in 2022 and which ones were the biggest losers.
The study analyzed all of the sales that the Labrosse Real Estate Group made in 2022 in combination with all the sales data found in the MLS real estate database.
Top Performers: A Look at the Neighborhoods with the Highest Gains
Labrosse Real Estate’s study found that amongst all the neighbourhoods in the greater Ottawa area, Carp had the most significant increase in average home value. With a mega gain of 15.20% compared to the average of -0.40%. Perth & Carleton Place comes in a close second place with a massive gain of 14.40%. Rockland & Casselman come in third place with an impressive gain of 12.50%.
All these numbers are impressive, considering most areas of Ottawa came near breaking even with an average of -0.40%
Neighbourhood Struggling in the Market: A Look at the Largest Declines
Two areas have losses. Among all neighbourhoods in the greater Ottawa area, Manotick had the most significant loss, with a 4.2% decrease in home value. Alexandria has the only other loss, with only a 0.5% loss.
Study: Comprehensive Analysis of All Neighborhoods
Arnprior
The average sales price in Arnprior for all of 2022 is $557,935, compared to the 2021 average sale price of $523,747, resulting in a gain of 6.40%. This suggests that the real estate market in Arnprior may be performing well and experiencing an increase in home values.
Almonte
The average sales price in Almonte, Ontario, for all of 2022 is $684,500, compared to the 2021 average sale price of $624,000, resulting in a beautiful gain of 9.60%. This suggests that the real estate market in Almonte may be performing above average in terms of home values.
View Almonte Current Listings & Prices
Carleton Place & Perth
The average sales price in Carleton Place for all of 2022 is $643,000, compared to the 2021 average sale price of $562,000, resulting in a significant gain of 14.40%.
Westport
The average sales price in Westport for all of 2022 is $627,500, compared to the 2021 average sale price of $577,500, resulting in a modest gain of 8.70%.
Prescott & Kemptville
The average sales price in Prescott & Kemptville for all of 2022 is $592,000, compared to the 2021 average sale price of $546,200, resulting in a gain of 8.4%.
Winchester & Morrisburg
The average sales price in the Winchester & Morrisburg area for all of 2022 is $499,000, compared to the previous year's 2021 average sale price of $460,000, resulting in a modest gain of 8.40%.
Alexandria
The average sales price in Alexandria, Ontario, for all of 2022 is $466,000 compared to the 2021 average sale price of $468,500, resulting in a slight loss of only -0.50%.
Casselman, Rockland & Hawkesbury
The average sales price in Casselman, Rockland & Hawkesbury areas for all of 2022 is $595,000 compared to the 2021 average sale price of $529,000, resulting in a nice gain of 12.50%.
View Rockland Current Listings & Prices
Metcalfe
The average sales price in Metcalfe, Ontario, for all of 2022 is $932,500 compared to the 2021 average sale price of $889,000, resulting in a gain of 4.90%.
Manotick
The average sales price in Manotick for all of 2022 is $1,067,000 compared to the 2021 average sale price of $1,114,000, resulting in a loss of -4.60%.
View Manotick Current Listings & Prices
Stittsville
The average sales price in Stittsville, Ontario, for all of 2022 is $833,000 compared to the 2021 average sale price of $778,500, resulting in a modest gain of 7.00%.
View Stittsville Current Listings & Prices
Carp
The average sales price in Carp, Ontario, for all of 2022 is $932,300 compared to the 2021 average sale price of $809,000, resulting in an impressive gain of 15.20%. As a result, Carp is the winner of the greater Ottawa area in terms of home value increases.
View Carp Current Listings & Prices
Nepean & Kanata
The average sales price in westside (Nepean & Kanata) for all of 2022 is $729,000 compared to the 2021 average sale price of $681,500, resulting in a nice gain of 7.90%.
View Kanata Current Listings & Prices
Ottawa Centertown
The average sales price in the Ottawa Centretown region for all of 2022 is $698,500 compared to the 2021 average sale price of $658,700, resulting in an above-average gain of 5.60%.
View Ottawa Current Listings & Prices
Orleans
The average sales price in Orleans, Ontario (east side of Ottawa) for all of 2022 is $645,000 compared to the 2021 average sale price of $600,000, resulting in a lovely gain of 7.10%.
View Orleans Current Listings & Prices
About Labrosse Real Estate Group
Labrosse Real Estate Group is a leading real estate company in Ottawa, dedicated to providing exceptional service and expertise to our clients. Our team of experienced real estate professionals is committed to helping our clients achieve their real estate goals, whether buying, selling, or investing in property. Our extensive market knowledge, innovative marketing strategies, and personalized approach to customer service set us apart from the competition and make us the trusted choice for all your real estate needs. With Labrosse Real Estate Group, you can expect a seamless and stress-free experience as we work tirelessly to help you achieve your real estate dreams.
