KANATA HOMES FOR SALE -KANATA HOME NEWS – KANATA HOME PRICES NEWS – KANATA MLS – KANATA TOWNHOMES FOR SALE – KANATA REAL ESTATE NEWS NOV 16TH, 2020.
November 16th 2020
We are seeing a seasonal cooling in the weather, yet the KANATA HOMES FOR SALE AND THE MARKET still looks strong. As you can see from this current prices HOMES SOLD IN KANATA chart for the KANATA PROPERTIES AND PRICES area. This home price chart covers all areas in KANATA homes detached, Townhomes and Condos. The trend is still up and steady in KANATA home prices, yes and still seems to be a Sellers market in KANATA HOMES.
So if you are planning on moving soon, and thinking of SELLING A HOME IN KANATA. We provide a full insight on the KANATA HOME PRICES DAILY. With my FREE KANATA HOME EVALUATION. You will receive all weekly sold prices report showing all sold and expired prices on your Street and on your type of home in KANATA. Ask for our HOME SALES AND SOLD PRICES REPORT if you are thinking of Selling or Buying.
And if you are looking at moving to a better home in KANATA, see our KANATA HOMES FOR SALE, please visit these links below..or below.
Any questions please feel free to send me a request, Have a great day!
KANATA HOMES FOR SALE -KANATA HOME NEWS – KANATA HOME PRICES NEWS – KANATA MLS – KANATA TOWNHOMES FOR SALE – KANATA REAL ESTATE NEWS NOV 16TH, 2020.
November 16th 2020
We are seeing a seasonal cooling in the weather, yet the KANATA HOMES FOR SALE AND THE MARKET still looks strong. As you can see from this current prices HOMES SOLD IN KANATA chart for the KANATA PROPERTIES AND PRICES area. This home price chart covers all areas in KANATA homes detached, Townhomes and Condos. The trend is still up and steady in KANATA home prices, yes and still seems to be a Sellers market in KANATA HOMES.
So if you are planning on moving soon, and thinking of SELLING A HOME IN KANATA. We provide a full insight on the KANATA HOME PRICES DAILY. With my FREE KANATA HOME EVALUATION. You will receive all weekly sold prices report showing all sold and expired prices on your Street and on your type of home in KANATA. Ask for our HOME SALES AND SOLD PRICES REPORT if you are thinking of Selling or Buying.
And if you are looking at moving to a better home in KANATA, see our KANATA HOMES FOR SALE, please visit these links below..or below.
Any questions please feel free to send me a request, Have a great day!
Today I went to look at what property values are in Emerald Meadows, TrailwestKANATA, did a few showings and looked at how many new listings were ‘just listed’ Homes in KANATA. Looked at what was available, and what was the current KANATA HOMES SOLD PRICES of all homes in KANATA . Nov 2020.
This area ‘Emerald Meadows, Trailwest KANATA’ with its Newer type of Homes is located around the Terry Fox and Fernbank Area in KANATA, and runs along Terry Fox going South/ East in KANATA.
The current KANATA REAL ESTATE MARKET PRICES FOR 12 NOV 2020 shows $399,000 to $1,400,000 asking prices, a total of 34 active listings for Nov 12 2020 in all Kanata homes for sale area.
The average home price for sale in KANATA is priced for November 2020 – KANATA REAL ESTATE PRICES FOR NOV 2020 is: $507,000
The average for sale price in Emerald Meadows, TrailwestKANATA Area is: $526,000
Members of the Ottawa Real Estate Board sold 2,329 residential properties in September through the Board’s Multiple Listing Service® System, compared with 1,547 in September 2019, a year over year increase of 51 per cent. September’s sales included 1,759 in the residential property class, up 58 per cent from a year ago, and 570 in the condominium property category, an increase of 31 per cent from September 2019. The five-year average for September unit sales is 1,602. “The sheer volume of transactions in September, compared to a year ago, confirms the Ottawa resale market is continuing on its upward trajectory,” states Ottawa Real Estate Board President Deb Burgoyne. “The resale market in 2020, especially since the outset of the pandemic, has certainly not followed the usual spring and fall cycles we typically experience. This year has had its own distinct ebb and flow, and whether this momentum in our market will continue is difficult to predict.” “However, the continued increase in new listings and demand remaining strong allows us to be cautiously optimistic. September saw 2,165 residential properties and 744 condominiums enter the market. This is an increase of 32% and 45% respectively over last year at this time, and over 400 more new listings than came on the market in August,” adds Burgoyne.
September’s average sale price for a condominium-class property was $373,565, an increase of 21 per cent from this time last year, while the average sale price of a residential class property was $622,557, an increase of 28 per cent from a year ago. With year to date average sale prices at $575,506 for residential and $360,550 for condominiums,
these values represent a 19 per cent and 20 percent increase over 2019, respectively. * “While average prices in September hit an all-time high, the movement at the higher end of the market is
also likely driving this figure higher. September’s median prices, which is calculated removing the extreme upper and lower prices, do show more moderate price gains coming in at $570,000 for residential properties and $350,000 for condominiums,” Burgoyne acknowledges.
“Of course, the fundamentals of supply and demand remain at play, and our inventory shortage will continue to put Sellers in a position to capitalize on the current market. Additionally, the
dynamics of purchasing behaviour is shifting as Buyers become more tolerant of the condition of a property or its location, for example.” “But, we can’t exhale just yet. At the end of the day, REALTORS® represent both Buyers and Sellers, so a balanced market would be a welcomed relief for everyone. We would like to see both sides get over the finish line with a feeling of elation,
and that they have had a positive experience in their homeownership journey,” Burgoyne expresses. In addition to residential and condominium sales, OREB Members assisted clients with renting 2,536 properties since the beginning of the year compared to 2,117 at this time last year. * The Board cautions that the average sale price 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 calculation of the average sale price is based on the total dollar volume of all
properties sold. Price and conditions will vary from neighbourhood to neighbourhood.
Temperatures Cool, but Not Ottawa’s Resale Market
September 3, 2020
Members of the Ottawa Real Estate Board sold 2,017 residential properties in August through the Board’s Multiple Listing Service® System, compared with 1,725 in August 2019, a year over year increase of 17 per cent. August’s sales included 1,576 in the residential-property class, up 22 per cent from a year ago, and 441 in the condominium-property category, an increase of 2 per cent from August 2019. The five-year average for August unit sales is 1,668.
“August’s resale numbers were undoubtedly driven by the considerable increase in new listings that came onto the market in both July and August,” states Ottawa Real Estate Board President Deb Burgoyne. “There were at least 300 more residential and 175 more condo listings added to inventory than we saw last year at this time. In fact, we have not seen new listing numbers like this since August 2015,” she adds.
“The question that comes to mind is: what is propelling these new listings? Well, there are several contributing factors; there are Sellers that are ready to capitalize on their investments, there are those who may be moving into new builds or further out of the city, and let’s not forget boomers who are downsizing or perhaps moving into rentals.”
“Whatever their motivations, if the rate at which properties are coming onto the market can be sustained, it will surely bring some much-needed balance. For some time, as inventory comes on the market, it is quickly being absorbed. If this increased listing trend continues, at some point, the housing stock may finally build to a point that demand is going to be somewhat satiated,” Burgoyne proposes.
August’s average sale price for a condominium-class property was $383,640, an increase of 24 per cent from this time last year, while the average sale price of a residential-class property was $592,548, an increase of 22 per cent from a year ago. With year to date average sale prices at $566,291 for residential and $357,779 for condominiums, these values represent a 17 per cent and 19 percent increase over 2019, respectively. *
“A culmination of factors has been playing into the price increases in Ottawa’s resale market. Certainly, multiple offers are a dominant element. The reason that we have so many offers highlights the number of active buyers in the market – due to a variety of dynamics, such as record low mortgage rates, recently announced decreased debt/equity thresholds, migrating buyers coming from larger markets who may have received high returns on their home sales, etc. When you add these to the already pent-up demand from our local residents, it has created a perfect storm, so to speak.”
“This is an extremely challenging market for many, especially those on the buying side. Many are experiencing what we call ‘buyer burnout’, having placed many offers without success. We perceive a change in buyers behaviour regarding expectations, that were perhaps, until recently ‘hyped’, or a product of watching a myriad of home improvement shows and/or visiting new builder model homes. Our current reality is perhaps making some buyers more pragmatic and compromising on what they accept, whether it’s a home’s condition, age, or location,” Burgoyne suggests.
“What we need to be cognizant of is that Ottawa is a capital city and a growing city, that until now has been well-insulated when it comes to resale prices. If you look at other larger cities, they have gone through this already. We are just in the early stages, with no end in sight at this point. I suspect that prices are not going to come down, nor is activity going to slow down in the near future. Whether you are on the buying or selling side of a transaction, this is not the kind of market to navigate without guidance. An experienced REALTOR® will ensure Buyers are making strategic offers, and Sellers are not leaving money on the table.”
In addition to residential and condominium sales, OREB Members assisted clients with renting 2,232 properties since the beginning of the year compared to 1,906 at this time last year.
* The Board cautions that the average sale price 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 calculation of the average sale price is based on the total dollar volume of all properties sold. Price and conditions will vary from neighbourhood to neighbourhood.
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OTTAWA, February 5, 2020 – Members of the Ottawa Real Estate Board sold 780 residential properties in January
through the Board’s Multiple Listing Service® System, compared with 817 in January 2019, a decrease of 4.5 per
cent. January’s sales included 558 in the residential-property class, down 8.4 per cent from a year ago, and 222 in
the condominium-property category, an increase of 6.7 per cent from January 2019. The five-year average for January
unit sales is 713. “2020 is off to a slower start as the shortage of inventory is now impacting market momentum,” states Ottawa Real Estate Board’s President Deborah Burgoyne. “Although we have higher sales than the five-year average, due to increased condo sales, the persistent supply challenges seem to have finally caught up with us. Furthermore, the number of new listings that came on the market in January (1,082) is well below the average (1,651).” “We don’t expect this trajectory to change anytime in the foreseeable future,” Burgoyne acknowledges. “The
supply chain needs to be buffered at all points along the continuum from first-time and move-up buyers, to downsizing
boomers as well as renters. They are all interconnected links in the housing chain.” January’s average sale price for a
condominium-class property was $338,077, an increase of 19.1 per cent from last year while the average sale price of a residential-class property was $516,229, an increase of 19.3 per cent from a year ago. Compared to last
month, however, the average price for residential-class properties increased by a modest 3.2 per cent and the average price for condominium-class units was 8.8 per cent higher.* The Board’s Housing Price Index (HPI), which is another data point of price trends based on the specific housing stock in neighbourhoods, indicates that the overall benchmark price for Ottawa has increased by approximately 13.75% from last year. The most active price range in the
condominium market was $200,000 to $349,999, accounting for 55 per cent of the units sold while $400,000 to $549,999 represented the most prevalent price point in the residential market, accounting for 40 per cent of January’s
Transactions. “The fact is Ottawa’s market has always been steadily increasing at a reasonable pace and is sustainable. If buyers are waiting for prices to decline, based on historical trends, it’s not likely,” Burgoyne cautions. “Although supply may pick up eventually—if you need to get into the market, don’t wait. It’s a challenging market for everyone. Hire a trusted professional to ensure you are protected and well informed in your home buying or selling transaction.” In addition to residential sales, OREB Members assisted clients with renting 243 properties in January 2020 compared with 169 in January 2019. * The Board cautions that the average sale price 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 calculation of the average sale price is based on the total dollar volume of all properties sold. Price and conditions will vary from neighbourhood to neighbourhood.
Fantastic Bungalow End Unit in wonderful Amberwood Village.
This beautiful home has been tastefully updated and well cared for. Hardwood and ceramic on the main floor. The eat in kitchen is well appointed and includes the appliances. The main floor features a beautiful sunroom to enjoy your morning coffee. The specious Master has a walk in closet with 2 additional closets and a 4 piece ensuite with an air tub. The spacious living / dining room has a wonderful gas fireplace. Incredible storage in this fabulous bungalow. The 2nd bedroom / den is conveniently located beside the 3 pce bathroom. Main floor laundry is here as well. Head to the lower level to the games / recreation room with another gas fireplace to enjoy. A powder room located down here as well. There is a large workshop / utility room and plenty of storage. Come out and see this wonderful home and make Amberwood your community! Open house Feb. 9th 2-4. No offers will be considered before February 13th @ 6p.m.
