Ottawa Real Estate Resource

1232 homes were sold in Ottawa during the month of March, as compared with 1495 during March 2010. This represents a decrease of 17.6 percent.

The 1232 Ottawa homes that were sold consisted of 296 Ottawa area condominiums and 936 Ottawa residential homes.

Ottawa Real Estate Board Joanne Tibbles explains this decrease as a result of factors such as the introduction of the HST that affected the 2010 sales. "Years in which there are unusual market forces, such as the HST in 2010, tend to create skewwed comparisons with subsequent years. Ottawa's housing market is ticking along much as it usually does in early Spring," said Tibbles. The five-year average of Ottawa home sales in March is 1256.

With respect to Ottawa area condos, the average sale price of the 296 condos that were sold was $253,763, which represents an increase of 6.5% over 2010.

The average sale price of an Ottawa residential unit was $375,364, which was an increase of 5.6% over the same period last year.

For more details on today's housing market statistics, visit our Ottawa real estate website at http://www.ottawaproperties.com or call one of our experienced, professional Sales Representatives at 613-288-0090.

According to the Ottawa Real Estate Board, resale homes sold more quickly during the month of February.

A total of 936 homes were sold in February, which represents a reduction of 9.1% over the 1030 homes that were sold in February 2010.  It is, however, very close to the 5 year average of 962 homes.  Also, these homes sold in an average of just 33 days, which is quicker than in January.

“Once again we’re seeing sales numbers very close to the five-year average for February, which is 962 sales. It’s important to note that the homes that sold last month did so far more quickly than in January, spending an average of just 33 days on the market. As well, prices rose slightly more than they had in the previous two months which indicate we still have a very steady market here in Ottawa,” said Board President Joanne Tibbles. “This tells us that there is a demand for resale homes in Ottawa, and that when buyers see the home they want, they’re going after it, perhaps even going up against other bidders,” Tibbles added. Of the 936 sales in February, 213 were condos, while 723 were Ottawa residential homes.  The average sale price of the 213 condos in Ottawa was $260,112, while the average sale price of a residential unit was $361,475.  Both of these amounts are up over 6% from the same period in 2010.

True loft style condo apartment in central location. Close to most amenities, the property is perfect for a busy professional. Gleaming hardwood floors in this open concept bright unit. High ceilings with ornate tin panels and exposed brick. Lower level offers wonderful bedroom/sitting room retreat, complete with full ensuite, gas fireplace, and wall mounted flat screen television. Convenient in-unit laundry.

If you are looking for the ultimate condo lifestyle, this unit may be perfect for you!

If you would like a personal showing of this unit, or any other, contact one of our professional Sales Representatives at 613-288-0090.

For information about buying or selling a home in the Ottawa area, visit our Ottawa real estate resource website at http://www.ottawaproperties.com

According to a recent report by the Ottawa Real Estate Board, real estate sales in the Ottawa area for October 2010 were 1042, compared to 1197 for October 2009. This represents a decrease of 12.9%. Since 2009 was a record setting year and the 2010 stats are an average of 2% lower, the 2010 year to date represents a balancing of the Ottawa real estate market.

Of the 1042 sales in Ottawa, 221 were condominiums. The average price of a condominium in October was $263,292, while the average price of a residential dwelling in October was $361,560, almost a $100,000 difference.

For a more detailed analysis of the Ottawa real estate market, including why a condominium might be the right choice for you and your family, contact the Renaud Otten Team at 613-288-2455.

Are you thinking about selling your Ottawa or surrounding area home? This video tells you exactly what you can expect if you call the Renaud Otten team for assistance in this regard. We won't pester you - all we will do is provide you with accurate and timely market information about listing your Ottawa home for sale and YOU decide the rest.

If you are ready to start, give us a call at 613-288-2455 today! Talk to you soon.

The Renaud Otten Team
Providing the best real estate experience ever!

This wonderful bungalow has three bedrooms and three bathrooms and has been nicely updated and tastefully decorated. It features gleaming hardwood floors, renovated kitchen, updated windows and a new roof (2009). This home is ready to move in!

Call 613-288-2455 to arrange a visit or visit http://www.ottawaproperties.com to see our other listings or to find the perfect home for you and your family.

Do any of these situations describe you?

Is it time?

If your family, or someone you know, is facing a similar situation, it may be time to considering downsizing.  It can be a difficult decision to make but, as with anything, it helps to think of the glass as half-full and not half-empty.  If your children have all gone off to college or moved out, try not to dwell on the fact that their rooms are empty.  Instead, consider that room as your new home office, or library, or hobby room.  If you downsize, remember that all the time you used to spend cleaning and maintaining your home can now be spent visiting your children in their new homes. 

If you are deciding to downsize because you just don’t have the energy or ability for all of that heavy, time-consuming work, don’t think of it as aging....simply realize that you have probably taken care of people all of your lives and now YOU deserve to be taken care of!

Allow yourselves the luxury of having time to do whatever you want.  Do you enjoy travelling?  Maybe now is the time to take that trip of a lifetime.  Maybe you should finally start that scrapbooking project, or take a photography course, or make the most out of your golf membership.  Anything is possible!

What next?

Once you have decided that you need to downsize, you need to de-clutter.  It would be difficult to fit the same amount of furniture and belongings in a smaller home, condo, or retirement dwelling.  Try these tips:

It may be easier to part with your treasured items and heirlooms if you know they will be appreciated and going to a welcoming home.

Enjoy your new life!

Now, find the perfect home for the next phase of your life.  It may be a small single family home on a small lot.  Maybe it will be a quaint garden home.  Perhaps you will enjoy the downtown condo life. 

Imagine your perfect life….do your hobbies require you to have a spare room or a basement?  Is gardening a must for you?  Would you love the convenience of a pool, whirlpool and sauna right in your building?  Once your “perfect” list is complete, you will have a checklist to take with you while you are house-hunting.  Happy downsizing!

Contact the Renaud Otten Team at (613) 288-0090 for all of your real estate needs, including help finding the perfect home for the next phase of your life.