ottawa market: Ottawa’s July Re-Sale Market sees sales up, inventory down - 08/05/16 07:18 AM
The Ottawa real estate market had a strong month for re-sales in July of 2016, with sales of residential properties up 4.3 per cent over July of 2015, the Ottawa Real Estate Board has reported.
 
The average sale price of an Ottawa residential property in July was $398,608 _ representing an increase of 1.1 per cent over the numbers for July of 2015, the Board adds. The average sale price for a condominium unit in July was $259,794 _ up 1.2 per cent over July of 2015.
 
 
Members of the Board sold 1,491 residential properties through the Multiple Listing Service System, up from … (0 comments)

ottawa market: Exciting News-RE/MAX & sales rankings-Ottawa Real Estate - 07/04/16 12:15 AM

I’m happy to share some exciting news with clients about our new RE/MAX team and its sales rankings on the Ottawa Real Estate market.
In May, I first shared with clients the good news that my team at Nancy Benson and Associates, which had been part of Keller Williams Ottawa Realty, is now officially part of RE/MAX Hallmark Realty Group. This was because Keller Williams Ottawa, with two offices and nearly 300 agents, decided to convert their Ottawa offices to the RE/MAX brand.
RE/MAX has been the leading real estate organization in Canada for more than 20 years, and the network is … (1 comments)

ottawa market: Ottawa’s June housing sales up from last year, OREB reports - 07/09/15 05:24 AM
 
Ottawa’s housing sales for June of 2015 were up slightly over the same month last year and were also slightly above the five-year average for June, the Ottawa Real Estate Board has reported.
 
In a press release on the board’s website (www.oreb.ca), the board also reported that sales in the Ottawa market for the first half of 2015 are up 4.9 per cent over the numbers in the first half of 2014. Properties that sold in June had been on the market for an average of 74 days, the board reports.
 
In June, members of the board sold a total of 1,694 properties … (0 comments)

ottawa market: Strong April sales propel Ottawa re-sale market into a busy spring - 05/10/15 05:56 AM
There is good news to report on all sides from Ottawa’s resale housing market in April. Sales numbers were up over last year; they were up over the five-year average for this time of year; they were up over March; and the average number of days on the market improved from the March numbers. That’s according to figures posted on the Ottawa Real Estate Board’s website (www.oreb.ca). In a press release, the Real Estate Board reports that its members sold 1,570 residential properties in April of 2015 through the Board’s Multiple Listing Service system. That was up from 1,419 properties that sold in April of … (1 comments)

ottawa market: Ottawa’s September Housing Sales on par with 2013 - 10/15/14 10:39 AM
 
 
There is good news to report from the Ottawa real estate market’s sales in September, with sales and average prices year-to-date right on par with five-year averages.
In a press release posted on the Ottawa Real Estate Board’s website (ottawarealestate.org), Board President Randy Oickle says the Ottawa area “is fortunate to enjoy one of the most stable real estate markets in Canada. This is evidenced by the fact that the units sold and the average sale price in August and September has stayed within a few percentage points from the year before.”
As you can see in the … (0 comments)

ottawa market: Selling a rental property? Some things you should know - 09/08/14 12:28 AM
As anyone who has sold a property knows, there’s a lot to do and a lot to remember when you’re selling real estate.
You need to keep your home looking its best and you have to keep on top of all the appointments for scheduled showings, so that you have the unit ready and in pristine condition for visits by prospective buyers and their agents.
 
The selling process can have additional complications when you are selling an investment property and you currently have a tenant, whether it’s a house or a condo that you rent to others or a basement or attic apartment in … (3 comments)

ottawa market: Looking back at the Ottawa market in 2013 - 03/13/14 09:50 AM
-A good year for first-time buyers and Keller Williams-
As we look back on the Ottawa market in 2013, what were some of the numbers, the prices and the interesting trends?  
Among other things, we noticed an increase in first-time buyers and buyers who are looking for investment properties. As well, Keller Williams has grown tremendously in its market share in the Ottawa area.
In terms of the numbers, the city of Ottawa saw sales of 11,105 MLS properties. Of those, 2,756 were condos. For Keller Williams, of the 2,158 properties sold, 558 were condos.
In 2013, the average … (2 comments)