Barrhaven Real Estate Update – September 2019
The Barrhaven Real Estate market is on fire.
Simply put, the market currently favors sellers due to the combination of low inventory and high demand. The word is getting out – Barrhaven is a safe and welcoming community that’s very attractive to both families and young professionals. While the community continues to work through some local traffic issues, Barrhaven still offers a convenient commute for anyone working at either the new RCMP or DND headquarters.
How many homes sold last month and what’s the current average price for a home in Barrhaven?
The following statistics compare metrics from August 2019 to the same month last year.
- Average price for a Residential Home in Barrhaven was $462,570, up 20.5%
- There were 118 Residential properties sold, down 27.1%
- 102 sales were freehold houses, down 17.6%
- 16 sales were condos, down 87.5%
View current inventory of all Barrhaven Homes for Sale, or all the Condos in Barrhaven
Average House Price in Barrhaven, by type
How much does it cost for a townhome, single-family home, bungalow or condominium in Barrhaven?
Type of home | Avg. Price | % Change |
Residential Townhome & Semi | $406,496 | 13.3% |
Detached Single-Family | $587,254 | 15.5% |
Bungalow | $551,750 | -10.3% |
Condominium Townhome | $219,400 | -2.8% |
Apartment or Stacked Condo | $304,300 | 27.5% |
How long does it take to sell a home in Barrhaven
Last month it took 19 days for homes to sell in Barrhaven, versus 33 days last year. We should also mention that many properties are receiving multiple offers, and selling above their asking price.
Highest & lowest priced sales last month in Barrhaven
The highest freehold sale in Barrhaven last month was in Stonebridge and it sold for $989,900 in 25 days. Lowest priced freehold sale was in Heritage Park and it sold for $322,000 in 26 days.
The most expensive condo sold in Barrhaven fetched $505,000 in 12 days. The least expensive condo sold was in Barrhaven Pheasant Run and it sold for $184,000 in 15 days.
Want to know how much your Barrhaven House is Worth?
Barrhaven Historical Average SOLD House Prices
Below are the Barrhaven Average Residential Home Prices from 2000 – Present, plus % Increase or Decrease over Previous Year and how long they took to sell.
YEAR | AVERAGE PRICE | % CHANGE |
2000 | $154,791 | |
2001 | $175,242 | 13.2% |
2002 | $202,245 | 15.2% |
2003 | $217,226 | 7.4% |
2004 | $232,210 | 6.9% |
2005 | $244,504 | 5.3% |
2006 | $255,241 | 4.4% |
2007 | $275,075 | 7.8% |
2008 | $293,606 | 6.7% |
2009 | $304,587 | 3.7% |
2010 | $338,231 | 9.7% |
2011 | $345,901 | 2.3% |
2012 | $353,596 | 2.2% |
2013 | $350,504 | -0.9% |
2014 | $348,953 | -0.4% |
2015 | $352,375 | 0.9% |
2016 | $362,870 | 3% |
2017 | $374,725 | 3.4% |
2018 | $402,373 | 7.5% |
History of Condominium Prices in Barrhaven
Below are the Barrhaven average Condo Prices from 2000 – Present, number of sales plus % Increase or Decrease over Previous Year.
YEAR | AVERAGE PRICE | % CHANGE |
2000 | $90,543 | |
2001 | $111,000 | 22.6% |
2002 | $126,753 | 14.2% |
2003 | $142,283 | 12.3% |
2004 | $152,007 | 6.8% |
2005 | $154,326 | 1.5% |
2006 | $156,057 | 1.1% |
2007 | $162,285 | 4% |
2008 | $182,276 | 12.3% |
2009 | $190,358 | 4.4% |
2010 | $204,738 | 7.6% |
2011 | $216,160 | 5.6% |
2012 | $219,027 | 1.3% |
2013 | $219,857 | 0.4% |
2014 | $223,029 | 1.4% |
2015 | $218,189 | -2.2% |
2016 | $217,908 | -0.01% |
2017 | $223,169 | 2.4% |
2018 | $236,414 | 5.93% |
We would like to thank Patrick Walchuk for providing us with the data for this article.
We’ve both purchased and sold multiple properties using his services and his work has exceeded our expectations every time. He has earned our strongest recommendation.
Patrick can be reached at (613) 788-2590.
Related Posts
-
The Barrhaven Real Estate Market is on Fire!
No Comments | Sep 2, 2020 -
Barrhaven’s Hidden Gem – Minto’s Riversbend at Harmony
No Comments | May 1, 2018 -
Barrhaven Real Estate Market Update
No Comments | May 30, 2018 -
Here are the details of Barrhaven’s first high-rise building
No Comments | May 14, 2018