Archives for Ottawa Real Estate

What can we expect from the Fall Real Estate Market in Ottawa?

October 25, 2019 | Comments Off

In Ottawa, we talk about the Spring market and the Fall market as being the two busiest seasons to buy and sell real estate in Ottawa. Our Spring market started earlier this year and instead of slowing down over the Summer it continued to be strong throughout the Summer months. Throughout the year we have seen consistent growth in both listing prices and sale prices. In June, the Ottawa residential average sale price climbed over $500K for the first time ever! There is also great news for condominiums. Now that condo prices have bounced back, more condo sellers are deciding
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Having Your Home Listed Over the Holidays

October 9, 2019 | Comments Off

If you are planning to sell your home in the next few months, it is wise to plan to maximize the sale of your home. As the temperatures are cooling and the days are getting shorter, we are starting to think of the coming fall and winter seasons. We will also start to think of the many special holidays we will be celebrating in the next few months. The good news is that buyers who are looking over the holidays tend to be more serious. We have put together some simple tips that will ease the pressure of having your
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Ottawa Real Estate Market update: August 2019

September 6, 2019 | Comments Off

Ottawa Real Estate Market update: August 2019 (September 5, 2019) If you’ve been following the Ottawa Real Estate market it probably won’t come as a surprise that both unit sales and prices were up last month, in spite of continuing issues with low supply. Heading into the fall months we don’t see any signs of our fast paced market slowing down. If you have any questions, we’re always here to chat! Market Highlights: Number of Sales: Total properties sold 1,731 compared with 1,581 in August 2018, an increase of 9.5 per cent. 1,300 in the residential-property class, up 9.7 per
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Find Sold Prices Online!

August 27, 2019 | Comments Off

At Royal LePage Team Realty, we are thrilled to announce that we are the first major brokerage in Ottawa to offer a Virtual Office Website where users can now have access to more information than was ever possible before. With a simple click, anyone with an email address will now be able to access sold prices and other information on listings that have already sold. As a brokerage, we believe in transparency and we are excited to provide this tool to our clients to aid in their real estate journey. Take some time to do some research, but when you’re
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Market Snapshot: June 2019 Ottawa Real Estate update

July 8, 2019 | Comments Off

Market Snapshot: June 2019 Ottawa Real Estate update. Condo Sales Continue to Dominate Resale Market | Ottawa Residential Average Sale Price Climbs over $500K for the first time ever!
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Ottawa Real Estate highlights & Market Snapshot April 2019

May 6, 2019 | Comments Off

Ottawa Real Estate Highlights April 2019: There’s been an upward pressure on prices due to the continuing lower supply levels (residential supply is down 18%, and condo inventory is down almost 40% from last April 2018 according to the latest OREB stats). However these price points are “still well under the Canadian average, and our residents tend to be in comfortable financial situations due to secure employment and a thriving local economy.” [President of the Ottawa Real Estate Board] who also notes that “Certainly, the stunted supply is likely responsible for the multiple offer situations we are experiencing, but the reality
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OTTAWA REAL ESTATE HIGHLIGHTS: Higher Prices, Fewer Residential Sales

April 3, 2019 | Comments Off

Tightness of listing supply is significantly reducing days on market, properties are selling very quickly. Empty attachment or post type not equal ‘attachment’ The latest statistics are out from the Ottawa Real Estate board! here are the highlights… 1,511 residential properties were sold in March through the Board’s Multiple Listing Service® System, compared with 1,654 in March 2018, a decrease of 8.6 per cent. 1,136 in the residential property class, a drop of 12.4 per cent from a year ago, and 375 in the condominium property class, an increase of 5 per cent from March 2018. The five-year average for
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Why Use a Full Service Realtor®?

March 7, 2019 | Comments Off

The decision to buy or sell a home is a big one; there is so much to think about and do! A home is likely the largest investment you will ever, or have ever, made in your life and it’s important to have someone you can trust to make the process as smooth as possible and offer expert advice. A Royal LePage Team Realty Realtor® offers full service support which ensures that you will have experience, knowledge, and expertise in your court every step of the way as you navigate your next move. Most importantly, a full service Realtor® will
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Ottawa Real Estate Update: February Buyers Snap Up Limited Inventory

March 5, 2019 | Comments Off

FEBRUARY 2019 Ottawa Real Estate MARKET HIGHLIGHTS Buyers Snap Up Limited Inventory! Empty attachment or post type not equal ‘attachment’ HIGHLIGHTS (RELEASED BY THE OTTAWA REAL ESTATE BOARD MARCH 5TH, 2019) Total properties sold: 1,005 residential properties sold on MLS® compared with 978 in February 2018, an increase of 2.8% 756 in the residential property class, a rise of 3.8% over Feb 2019 249 in the condominium property class, a decrease of 0.4 % from February 2018. The five-year average for February sales is 949. “February has been a strong month, and with year-to-date unit sales 8% higher in both
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Getting Ready to Sell Your Home in Winter: What You Need to Know

November 8, 2018 | Comments Off

Selling your home in the winter real estate market may seem undesirable to some, but it has an upside. Let’s break down some of the advantages that actually make the cold dreary season a potential win for sellers. Ottawa is in a Seller’s Market. Regardless of the weather, listings that are on the market are getting the attention of buyers, there is just not enough inventory to keep up with the demand. Current active inventory is less than half of 2015-16 [October 2018]. Compared to last year, condo inventory is down 34.5% while residential inventory is 17.5% lower than October
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LAUREE JOHNSON