Jeannette Hogan

Ottawa resale housing market posts record sales in November

2011-12-13T13:10:00Z

Members of the Ottawa Real Estate Board sold 1,020 residential properties in November through the Board's Multiple Listing Service® system compared with 940 in November 2010, an increase of 8.5 per cent. The five-year average for November sales is 881.

Of those 1,020 sales, 244 were in the condominium property class, while 776 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 was the best November on record for resale home sales in Ottawa. The last time we saw sales numbers anywhere close to that number was in 2001. It speaks well for the stability of our market that even in the quieter months of the year, our market is still thriving," said Board Past President Joanne Tibbles. "The number of properties available for sale is higher than at this time last year, indicating that homeowners are confident that it's a good time to put their home on the market, and based on these great sales numbers, buyers are also confident, especially as interest rates remain stable," she added.

The average sale price of residential properties, including condominiums, sold in November in the Ottawa area was $347,795, an increase of 7.3 per cent over November 2010. The average sale price for a condominium-class property was $265,800, nearly unchanged from November 2010. The average sale price of a residential-class property was $373,577, an increase of 9.2 per cent over November 2010. 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

Don't forget to put your clocks back one hour tonight!!

2011-11-05T12:20:00Z

Condo sales drive resale market in October

2011-11-05T12:13:00Z

Condo sales drive resale market in October

Members of the Ottawa Real Estate Board sold 1,062 residential properties in October through the Board's Multiple Listing Service® system compared with 1,038 in October 2010, an increase of 2.3 per cent. The five-year average for October sales is 1,071.

Of those sales, 253 were in the condominium property class, while 809 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.

"Condos were the main driver of resale home sales in October, with condo sales up 14.5 per cent from the same month in 2010, whereas residential property sales numbers were near-identical to last year's," said Board President Joanne Tibbles. "We've been hearing a lot about the rising popularity of condos in Ottawa and these numbers certainly support that, but it's just one piece of our steady resale market, with sales very near the five-year average for October. Also, listing inventory and days on market are both up slightly as we move towards the end of the year," she added.

The average sale price of residential properties, including condominiums, sold in October in the Ottawa area was $337,797, an increase of 2 per cent over October 2010. The average sale price for a condominium-class property was $259,316, a decrease of 1.5 per cent over October 2010. The average sale price of a residential-class property was $362,341, an increase of 3.7 per cent over October 2010. 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.

Smooth sailing for home sales in September

2011-10-15T13:14:00Z

Smooth sailing for home sales in September

Members of the Ottawa Real Estate Board sold 1,202 residential properties in September through the Board's Multiple Listing Service® system compared with 1,071 in September 2010, an increase of 12.2 per cent. The five-year average for September sales is 1,160.

Of those sales, 280 were in the condominium property class, while 922 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.

"Not much has changed in the Ottawa resale housing market since last month. Sales remain slightly above average, prices continue to appreciate at a moderate rate, and homes are taking about the same amount of time to sell," said Board President Joanne Tibbles. "The stability and affordability of our housing market, coupled with low interest rates, is still appealing for investors and for home buyers who want to make Ottawa the best place to call home," she added.

The average sale price of residential properties, including condominiums, sold in September in the Ottawa area was $335,765, an increase of 3.4 per cent over September 2010. The average sale price for a condominium-class property was $254,864, an increase of 5.9 per cent over September 2010. The average sale price of a residential-class property was $360,334, an increase of 3.2 per cent over September 2010. 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

Open House in Casselman on Sunday Oct 16/11 - 701 Dollard

2011-10-15T13:08:00Z

Casselman, Prescott and Russell United Counties - We invite everyone to visit our open house at 701 Dollard on October 16 from 2:00 PM to 4:00 PM.

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Open House in Russell on Sunday Sept 18/11 from 2-4PM 121 Tweed Crescent

2011-09-17T12:26:00Z

Russell Township, Russell - We invite everyone to visit our open house at 121 Tweed Crescent on September 18 from 2:00 PM to 4:00 PM.

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Above Average Home Sales in Ottawa in August

2011-09-09T13:34:00Z

Above Average Home Sales in August

Ottawa, September 6, 2011 -

Members of the Ottawa Real Estate Board sold 1,329 residential properties in August through the Board’s Multiple Listing Service® system compared with 1,099 in August 2010, an increase of 20.9 per cent. The five-year average for August sales is 1,225.

Of those sales, 285 were in the condominium property class, while 1,044 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.

“Through the summer, the resale housing market has picked up some momentum and made up for the quiet start to 2011; this year’s unit sales to date are now within a percentage point of the number of homes sold by this time last year. However, we are seeing that homes are taking slightly longer to sell than they did in July,” said Board President Joanne Tibbles. “Interest rates are still low, which continues to motivate many buyers and sellers, but a more balanced market means more properties for buyers to choose from, which often leads to a longer selling time,” she added.

The average sale price of residential properties, including condominiums, sold in August in the Ottawa area was $337,372, an increase of 6.2 per cent over August 2010. The average sale price for a condominium-class property was $252,999, an increase of 3.1 per cent over August 2010. The average sale price of a residential-class property was $360,405, an increase of 6.3 per cent over August 2010. 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

Open House in Casselman on Sunday September 11

2011-09-09T13:27:00Z

Casselman, Prescott and Russell United Counties - We invite everyone to visit our open house at 770 Principale Street # 204 and 304 on September 11 from 2:00 PM to 4:00 PM.

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Open House in Casselman on Sunday

2011-09-09T13:14:00Z

Casselman, Prescott and Russell United Counties - We invite everyone to visit our open house at 204-770 Principale Street on September 11 from 2:00 PM to 4:00 PM.

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Ottawa Housing Market Warms Up in July

2011-08-09T11:44:00Z

Ottawa housing market warms up in July

Members of the Ottawa Real Estate Board sold 1,326 residential properties in July through the Board's Multiple Listing Service® system compared with 1,116 in July 2010, an increase of 18.8 per cent. The five-year average for July sales is 1,377.

Of those sales, 307 were in the condominium property class, while 1,019 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.

"What a difference a year makes. Last summer the real estate market was reeling from the implementation of the HST that saw many buyers and sellers move up their purchases to the winter and early spring. 2011 is a different story, one that looks a lot more like the average year for Ottawa's resale housing market," said Board President-Elect Ansel Clarke.

The average sale price of residential properties, including condominiums, sold in July in the Ottawa area was $341,330, an increase of 6.2 per cent over July 2010. The average sale price for a condominium-class property was $270,933, an increase of 11.3 per cent over July 2010. The average sale price of a residential-class property was $362,539, an increase of 4.8 per cent over July 2010. 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

July OREB update: Ottawa Housing Market Warms Up in July

2011-08-09T11:44:00Z

Source: OREB

April housing sales back to pre-HST levels

2011-05-13T13:48:00Z

April Sales Back to Pre-HST Levels

Members of the Ottawa Real Estate Board sold 1,536 residential properties in April through the Board's Multiple Listing Service® system compared with 1,814 in April 2010, a decrease of 15.3 per cent. The five-year average for home sales in April is 1,612.

Of those sales, 316 were in the condominium property class, while 1,220 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.

"Sales in April 2010 soared well above average in advance of the implementation of the Harmonized Sales Tax in Ontario last July. Normally in Ottawa, we see a brisker sales period beginning at the end of April or early May, but last year's spring market started earlier by about three months due to the HST. That surge in sales pushed April's five-year average up significantly; it's not out of the ordinary for about 1,500 homes to be sold in April in our market," said Board President Joanne Tibbles.

"Home prices still continued to rise at the usual moderate rate last month, demonstrating a solid demand for resale homes in Ottawa. Re-sale housing inventory is up 17.2 per cent from this time last year, indicating that Ottawa is clearly in a healthy, balanced market," Tibbles added.

The average sale price of residential properties, including condominiums, sold in April in the Ottawa area was $351,226, an increase of 5.4 per cent over April 2010. The average sale price for a condominium-class property was $255,232, an increase of 2.1 per cent over April 2010. The average sale price of a residential-class property was $376,090, an increase of 5.4 per cent over April 2010. 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

Open House in Casselman on Sunday 743 Laval Street 2-4PM

2011-05-10T14:10:00Z

Casselman, Prescott and Russell United Counties - We invite everyone to visit our open house at 743 Laval Street on May 15 from 2:00 PM to 4:00 PM.

This large spacious home has been totally upgraded. It features a very large living room and formal dining room with gleaming hardwood floors. The kitchen boasts granite counter tops, hardwood cupboards and is open to the sunken family room. This cozy family room has a wood burning fireplace, built in bookcases, and patio door access to the four season solarium. Through the solarium you can walk out to the large yard and enjoy the above ground pool. Each of the four bedrooms has cedar closets with the master bedroom also having a walk in closet and 4 piece ensuite. The basement offers a 5th bedroom with 2 piece bath, recroom with hardwood throughout and plenty of storage.

If you purchase this property you will recieve your choice of ONE of the following:

- $1000 Gas Gift Card
- $1000 Home Renovation Gift Card
- $1000 Cash

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Open House in Convent Glen on Sunday Apr 17/11 1162 Beaujolais Crescent 2-4PM

2011-04-13T19:33:00Z

Convent Glen, Orléans - We invite everyone to visit our open house at 1162 Beaujolais Crescent on April 17 from 2:00 PM to 4:00 PM.

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Great location !!!

4 bedroom family home on a quiet crescent in wonderful Convent Glen.

Master bedroom with ensuite that has a very large walk in shower.

3 other good sized bedrooms on this floor too.

Bright family kitchen!!

Family room with fireplace leads to a fully screened porch.

French doors on main level.

Hardwood in the kitchen and hallway.

Lower level has a rec room and a den/office.

Workshop also in lower level.

Newer roof with 35 year shingles; most widows replaced; 3 other windows being replaced as well as a new front door is being installed shortly.

Ensuite redone a few years ago.

Furnace and hot water tank newer also.

Fully fenced in yard.

Near to schools, shopping and restaurants.

Quick commute to downtown Ottawa using the transit system.

Easy access to 174.

Bike trails and river walks all close by.

Open House: 1162 Beaujolais Crescent, Convent Glen on Sunday March 13

2011-03-09T12:39:00Z

LOCATION!! LOCATION!! LOCATION!!

Looking for the perfect home and community for a growing family. Don't look any further!!

Join us at our open house.

Location: 1162 Beaujolais Crescent

Date: March 13/2011

Times: 2:00 PM to 4:00 PM.

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