A Moment with Marianne....

Resale Housing Off to a Typical Start

Members of the Ottawa Real Estate Board sold 684 residential properties in January through the Board’s Multiple Listing Service® system compared with 677 in January 2011, an increase of one per cent. The five-year average for January sales is 652. Of those sales, 138 were in the condominium property class, while 546 were in the residential property class.

“The results indicate it’s been a typical month of January for the Ottawa and area resale housing market” said Board President Ansel Clarke. “It is interesting to note that the inventory of properties for sale is considerably higher than a year ago, offering a lot of choice to buyers.”

The average sale price of residential properties, including condominiums, sold in January in the Ottawa area was $349,415, an increase of 5.6 per cent over January 2011. The average sale price for a condominium-class property was $253,210, an increase of 6.8 per cent over January 2011. The average sale price of a residential-class property was $373,731, an increase of 5.5 per cent over January 2011.

FOR ALL YOUR REAL ESTATE NEEDS, PLEASE CALL
MARIANNE BAIRD ANDERSON AT 613-786-2447 or Marianne@kwottawa.ca

Source Ottawa Real Estate Board February 7, 2012

A Moment with Marianne...

Ottawa resale housing market posts record sales in November

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.

FOR ALL YOUR REAL ESTATE NEEDS, PLEASE CALL MARIANNE BAIRD ANDERSON AT 613-786-2447 or Marianne@kwottawa.ca.

Source Ottawa Real Estate Board December 2011

A Moment With Marianne....

The Informed Home Buyer/Seller
Helpful Advise to Making the Right Move...
Please check it out....

http://www.morrisontheweb.com/informedhomebuyer/Informed%20Home%20Buyer%20Dec%2011.pdf

A Moment with Marianne...

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.


Source Ottawa Real Estate Board October 2011

A Moment with Marianne....

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.


YOU HAVE ANY THOUGHTS ABOUT MAKING A MOVE IN THE FUTURE; PLEASE CALL MARIANNE TO DISCUSS YOUR OPTIONS!!
613-786-2447 or email Marianne@kwottawa.ca

Source Ottawa Real Estate Board October 2011

A Moment With Marianne

The Informed Buyer/Seller "Helpful Advise for Making the Right Move...

http://www.morrisontheweb.com/informedhomebuyer/Informed%20Home%20Buyer%20Aug%2011.pdf

A Moment With Marianne....

EcoENERGY HOME RETROFIT PROGRAM

The Federal Government recently announced the re-introduction of the ecoENERGY home retrofit program that provides grants of up to $5,000 to help homeowners make energy-efficient home upgrades.

The program will be offered until March 31, 2012; however, it could be cut off “without notice” if it reaches the $400 million allocated to it.

The reintroduced program has two new requirements. First, those wanting to participate in it must register first. After filling out a form, they will receive a registration number and instructions for the next steps in the process. To qualify, homeowners must hire a company licensed by natural Resources Canada to perform home energy audits. An evaluator will perform the inspection, and the government says within about two weeks, homeowners will get a report with a list of eligible energy efficient upgrades.

Once the upgrades are completed, a post-retrofit audit must be done before homeowners can send off their application for a cheque from Ottawa. The second new requirement is that all receipts must be kept and show to the energy auditor when the post-retrofit evaluation is done.