As we all know the Real Estate market is still hot and very active. As you can see in the article by the Ottawa Citizen, the housing market in Canada is still very active. Looking at these numbers is very impressive.
Resale home activity was up 41.5 per cent in the month, reaching a total of 42,288 units. On a seasonally adjusted basis, homes sold on the Multiple Listing Service totalled 45,818 units in October. (source: Ottawa Citizen).
Because of these stats the Canadian Real Estate Association in looking to boost its outlook for 2009 and 2010. Its a great sign that the market is still active.
Even the stats from the Ottawa REal Estae Board shows that it's still a seller's market out there. We still have some clients that are pre-approved, ready to buy but can't find a suitable home. Multiple offers are still present in this market.
Click below for the article published by the Ottawa Citizen today.
I just went to do an estimate on a nice home in Orleans. It is a 4 bedroom home, with newer roof and furnace. Located on a quiet street and ready to move in quickly.
It has beautiful hardwod in the living and dining room, main floor laundry room, bright kitchen and family room. The master bedroom is very large and has it's own walk in closet & ensuite bathroom. The other 3 bedrooms can easily accomodate 3 other kids or an office space. There is also a nice backyard ready for you to enjoy the warm summer days (in a few months from now ;-) ) with a large deck and fully fenced.
The basement is fully finished with two additional bedrooms, a rec room and another full bathroom plus lots of storage space.
Stay tuned for more information coming in the next few days.
Just a quick reminder that we will be hosting our open house tomorrow in Rockland at the townhouses located on Eliot Street. This is a new street located behind the Independent off Raymond Street. Come see where they are in the construction phase of the first block. We are curretnly selling the second block because the first block is all sold out! This is your chance to get a look at the new townhouses being built by C.H. Clement Construction.
These beautiful homes come standard with hardwood on the main floor and ceramic in the foyer, kitchen and bathrooms. There is 3 good size bedrooms, bright kitchen and many options to choose from. The second level has the option of having a cheater ensuite and a walk in closet. Come for a visit and you won't be disappointed. You can also get one of these townhouses with an extension at the back which makes your living room and dining room much bigger.
Date: November 15, 2009
Time: 2:00 - 4:00PM
Location: 7 Eliot Street (new street behind Independent) off Raymond Street (look for the Open House sign on Unit # 7)
We will have the first block available to visit and you will also be able to see for the first time the extra extension that is available as an option. You better hurry because they will sell fast!
Just a quick reminder that we will be hosting our open house tomorrow in Rockland at the townhouses located on Eliot Street. This is a new street located behind the Independent off Raymond Street. Come see where they are in the construction phase of the first block. We are curretnly selling the second block because the first block is all sold out! This is your chance to get a look at the new townhouses being built by C.H. Clement Construction.
These beautiful homes come standard with hardwood on the main floor and ceramic in the foyer, kitchen and bathrooms. There is 3 good size bedrooms, bright kitchen and many options to choose from. The second level has the option of having a cheater ensuite and a walk in closet. Come for a visit and you won't be disappointed.
Date: November 8, 2009
Time: 2:00 - 4:00PM
Location (1): Eliot Street (new street behind Independent) off Raymond Street (look for my vehicle)
Location (2): 939 Payer, Rockland (follow the signs)
We will have the first block available to visit and you will also be able to see for the first time the extra extension that is available as an option. You better hurry because they will sell fast!
If you have not seen my vehicle yet, you can't miss it. It's the red Nitro with my name on it!
See you tomorrow!!
Another great month for the Real Estate market in the Ottawa area. The stats just came out from the Ottawa Real Estate Board and we have sold more homes again in October compared to last year. An increase of 24.7%. That's right!! Another record breaking month here in Ottawa.
Agents in the Ottawa are sold 1,202 residential properties compared to 964 in October 2008. The year to date numbers are 4% more than the same period last year.
A low inventory and low interest rates is certainly helping these high numbers. The average sale price is $318,655, an increase of 13.6% over last year! The average condo price is $232,046 (14.6% increase over last year) and the average residential-class property average is $343,745, an increase of 13.3% over last year.
It is still considered a seller's market. If you are thinking of waiting for the Spring to sell your home, it might be a wise idea to get your house ready now, put it on the market and get top dollar for your home. We can not predict what the Spring market will do, but one thing is for sure is that you will likely have more competition if you wait for the Spring.
If you need more information or want to discuss selling or buying a home in Ottawa, just give me a quick call or you can always e-mail me at jeanricher@jeanricher.com
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Buying or selling .... Give me a call today and I will show you why so many of our clients are recommending us to their friends & family. When our clients are happy, we are too! Call me today.
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