Members of the Ottawa Real Estate Board sold 1,118 residential properties in February through the Board's Multiple Listing Service(R) system compared with 787 in February 2009, an increase of 42.1 per cent.
Of those sales, 323 were in the condominium property class, while 795 were in the residential property class. The condominium property class includes any property, regardless of style (i.e. detached, semi-detached, apartment, stacked etc.) which is registered as a condominium, as well as properties which are co-operatives, life leases and timeshares. The residential property class includes all other residential properties.
"Last month's sales were near the top of the usual range for this time of year, as opposed to February of 2009, which was the end of the brief slowdown we saw in Ottawa's resale housing market due to global economic conditions," said Board President Pierre de Varennes. "So far in 2010, OREB Members have sold 1,838 properties, putting us well ahead of the 1,316 properties sold in the first two months of 2009. Inventory remains low and the homes that are listed are selling quickly, keeping Ottawa in a seller's market for the moment," he added.
The average sale price of residential properties, including condominiums, sold in February in the Ottawa area was $317,030, an increase of 15.8 per cent over February 2009. The average sale price for a condominium-class property was $265,938, an increase of 30.3 per cent over February 2009. The average sale price of a residential-class property was $337,788, an increase of 15.6 per cent over February 2009. The Board cautions that average sale price information can be useful in establishing trends over time but should not be used as an indicator that specific properties have increased or decreased in value. The average sale price is calculated based on the total dollar volume of all properties sold.
Hammond, Clarence-Rockland - 2732 Gagne Road, a 3 bath, 3 bdrm 2 story. $424,900 - Coming soon to MLS.
The large country home is perfect for the nature lover and golfer ... located minutes from Larose Forest and Hammond and Outaoais Golf Courses!
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Manor Park, Ottawa - We invite everyone to visit our open house at 185 St. Laurent Boulevard on March 14 from 2:00 PM to 4:00 PM. Built in about 1916 (approximtely) this gorgeous property is much larger than in looks and has been upgraded throughout the years. Two bedrooms on the upper floor and one on the main. Full bathrooms upstairs and on the main floor. Awesome 6 foot wainscotting in oak; so much beautiful oak woodwork. All this for ..... $399,900.
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Watch for an open house soon!!!!
• 3 bath, 3 bdrm single story - - Coming soon to MLS
Hammond, Clarence-Rockland
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Manor Park, Ottawa - Located in popular Manor Park, built in 1920 (approx) is much larger than it looks and although upgraded throughout the years, it still has much of the original oak woodwork. $399,900
OPEN HOUSE SUN MAR 7 2-4pm.
Come on by for a chance to win a gas card!
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Fallingbrook, Ottawa - We invite everyone to visit our open house at 1099 Luesby Crescent on February 28 from 2:00 PM to 4:00 PM.
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Fallingbrook, Ottawa - We invite everyone to visit our open house at 1099 Luesby Crescent on February 14 from 2:00 PM to 4:00 PM.
Beautiful 4 bedroom home in popular family oriented Fallingbrook/Gardenway.
Offers a large eat-in kitchen with corner pantry, and high end stainless appliances.
Family room off kitchen with gas firepace and tv nook wired for surround sound.
Main floor laundry. Garage access.
HUGE L shaped professionally finished basement wired for surround sound. Radiant heating to keep you warm.
Lower level 3 piece bathroom with a corner shower.
Expansive master bedroom on the second level with a 4 piece ensuite including corner soaker tub and a walk-in closet.
3 other well sized bedrooms, large closets and windows.
Fully fenced back yard.
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A Great Start to 2010 for Ottawa’s Housing Market
February 3, 2010 : A Great Start to 2010 for Ottawa’s Housing Market
Members of the Ottawa Real Estate Board sold 713 residential properties in January through the Board’s Multiple Listing Service® system compared with 529 in January 2009, an increase of 34.8 per cent.
Of those sales, 156 were in the condominium property class, while 557 were in the residential property class. The condominium property class includes any property, regardless of style (i.e. detached, semi-detached, apartment, stacked etc.) which is registered as a condominium, as well as properties which are co-operatives, life leases and timeshares. The residential property class includes all other residential properties.
“These numbers are more in line with what we might expect for a typical January, whereas 2009 started off abnormally slow due to uncertain financial and market conditions worldwide,” said Board President Pierre de Varennes. “Although listing inventory remains low, we expect that will change as we head into the spring market and interest rates remain low,” he added.
The average sale price of residential properties, including condominiums, sold in January in the Ottawa area was $320,966, an increase of 11.4 per cent over January 2009. The average sale price for a condominium-class property was $259,273, an increase of 22.5 per cent over January 2009. The average sale price of a residential-class property was $338,244, an increase of 8.2 per cent over January 2009. The Board cautions that average sale price information can be useful in establishing trends over time but should not be used as an indicator that specific properties have increased or decreased in value. The average sale price is calculated based on the total dollar volume of all properties sold.
The Ottawa Real Estate Board is an industry association of 2,540 sales representatives and brokers in the Ottawa area. Members of the Board are also members of the Canadian Real Estate Association and thus are entitled to use the term REALTOR®.
The MLS® system is a member based service, paid for by the REALTOR® members of the Ottawa Real Estate Board. The MLS® mark symbolizes the cooperation among REALTORS® to effect the purchase and sale of real estate through real estate services provided by REALTORS®. MLS® commercial and residential listings are available for viewing on the Board’s internet site at www.OttawaRealEstate.org and on the national websites of The Canadian Real Estate Association at www.REALTOR.ca and www.ICX.ca. Information about listings and open houses is also available in the Board’s weekly newspaper, Ottawa Real Estate Guide, available free at 700 locations across the Ottawa area and now online at www.OttawaRealEstateGuide.ca.
source: oreb.ca
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Notre-Dame-des-Champs, Ottawa - We invite everyone to visit our open house at 2948 Diamond Way on February 7 from 2:00 PM to 4:00 PM.
Visit our open house, sign the guest register, and enter to win a gas card$$$$$.
Great neighbourhood; great property!! Come and make an offer!!
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Fallingbrook, Ottawa - We invite everyone to visit our open house at 1099 Luesby Crescent on January 31 from 2:00 PM to 4:00 PM.
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Lovely-Spacious-Well maintained Condo
• 3 bath, 3 bdrm 2 story - 
MLS® $214,900
Chatelaine Village, Ottawa -
Don't miss out on this lovely, spacious, well kept condo townhome.
Attached garage AND a carport.
Great for first-time homebuyers.
Ceramic and laminate on main floor. Wonderful fireplace in living room.
Master bedroom (large) with ensuite bath.
2 large secondary bedrooms and a full bath on the 2nd level.
Basement offers rec room, 4th bedroom/den and a 3 piece bathroom.
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2009 a record year for resale home sales, despite slow start
January 6, 2010 : 2009 a record year for resale home sales, despite slow start
Members of the Ottawa Real Estate Board sold 689 residential properties in December through the Board’s Multiple Listing Service® system compared with 467 in December 2008, an increase of 47.5 per cent. This brings the total number of residential properties sold through the Board’s Multiple Listing Service® system in 2009 to 14,742, up 7.4 per cent from 2008 and setting a new record. The previous record of 14,565 sales was set in 2007. The average price for all of 2009 was $303,888, an increase of 4.9 per cent over 2008.
Of December’s sales, 185 were in the condominium property class, while 504 were in the residential property class. The condominium property class includes any property, regardless of style (i.e. detached, semi-detached, apartment, stacked etc.) which is registered as a condominium, as well as properties which are co-operatives, life leases and timeshares. The residential property class includes all other residential properties.
“Ottawa’s housing market felt the chill of the global financial crisis last winter, but sales warmed up even before the spring weather arrived, and over the course of the year Ottawa had five record-breaking months of sales. Listing inventory was at a low level throughout 2009, which led to many multiple-offer situations,” said Board President Pierre de Varennes. “Ottawa’s housing market bounced back very strongly from its brief downturn, and we ended the year ahead of the previous annual sales record, which certainly no one expected back in January,” he added.
The average sale price of residential properties, including condominiums, sold in December in the Ottawa area was $307,807, an increase of 13.1 per cent over December 2008. The average sale price for a condominium-class property was $246,062, an increase of 17.9 per cent over December 2008. The average sale price of a residential-class property was $330,471, an increase of 12.8 per cent over December 2008. The Board cautions that average sale price information can be useful in establishing trends over time but should not be used as an indicator that specific properties have increased or decreased in value. The average sale price is calculated based on the total dollar volume of all properties sold.
Source: oreb.ca
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Fallingbrook, Ottawa - We invite everyone to visit our open house at 658 Valin Street on January 17 from 2:00 PM to 4:00 PM.
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Notre-Dame-des-Champs, Ottawa - We invite everyone to visit our open house at 2948 Diamond Way on January 10 from 2:00 PM to 4:00 PM.
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Fallingbrook, Ottawa - We invite everyone to visit our open house at 658 Valin Street on January 10 from 2:00 AM to 4:00 AM. Move in ready! Double garage! Everything you've been looking for!!
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