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JUST SOLD – 2380 IRIS ST., OTTAWA, ONTARIO, K2C-1C6 – CURRENT PRICES FOR HOMES AROUND IRIS ST OTTAWA

Author: John Kennedy
Categories: 2024 Ottawa Real Estate News,BEL AIR HOMES FOR SALE OTTAWA,Ottawa Condo Market News,Ottawa Condo Prices,Ottawa home listings,Ottawa homes and condos,Ottawa homes for sale,OTTAWA HOMES FOR SALE Mls,OTTAWA NEW HOME FOR SALE,Ottawa Real Estate News,REAL ESTATE NEWS KANATA AND OTTAWA
OMES FOR SALE ON IRIS ST OTTAWA - OTTAWA HOMES FOR SALE - OTTAWA HOME PRICES -

LET ME SHOW YOU A “FREE HOME EVALUATION” SIMILAR TO THIS – ESTIMATING THE PROPER VALUE OF A PROPERTY ON IRIS ST. OTTAWA

Example only:

IRIS ST OTTAWA HOME PRICES

HOME PRICES ON IRIS ST. OTTAWA

Address Sold Price Sold Date Style Type BdsAG Bds Bths #Gar
2403 IRIS ST $557,500 2024-05-29 SEMIDET BUNGLOW 3 3 2 0
2380 IRIS ST $540,000 2024-05-15 SEMIDET BUNGLOW 3 3 2 0
2419 IRIS ST $619,000 2023-06-16 SEMIDET BUNGLOW 3 5 2 1
2394 IRIS ST $562,500 2023-04-06 SEMIDET BUNGLOW 3 3 2 0
2399 IRIS ST $577,000 2022-09-29 SEMIDET BUNGLOW 3 3 2 0
2411 IRIS ST $635,000 2022-08-24 SEMIDET BUNGLOW 3 4 2 0
2418 IRIS ST $690,000 2022-06-09 SEMIDET BUNGLOW 3 6 2 0
2357 IRIS ST $651,000 2022-03-10 SEMIDET BUNGLOW 3 3 1 0
2434 IRIS ST $656,100 2022-02-02 SEMIDET 2STOREY 3 3 2 0
2239 IRIS ST $575,000 2021-10-31 SEMIDET 2STOREY 3 3 2 1
2361 IRIS ST $575,000 2021-08-11 SEMIDET BUNGLOW 3 3 2 0
2240 IRIS ST $325,000 2019-08-08 SEMIDET 2STOREY 3 3 1 0
2427 IRIS ST $239,900 2017-10-23 SEMIDET BUNGLOW 3 3 1 0
2416 IRIS ST $325,300 2016-11-22 SEMIDET BUNGLOW 3 3 2 0
2411 IRIS ST $312,000 2016-11-10 SEMIDET BUNGLOW 2 2 2 0
2382 IRIS ST $303,000 2016-01-21 SEMIDET BUNGLOW 3 4 2 1
2422 IRIS ST $302,000 2014-07-20 SEMIDET BUNGLOW 3 3 2 0
2400 IRIS ST $282,500 2011-12-11 SEMIDET BUNGLOW 3 3 2 0
2238 IRIS ST $290,000 2011-10-03 SEMIDET 2STOREY 3 4 2 0
2396 IRIS ST $284,000 2011-09-14 SEMIDET BUNGLOW 3 4 2 0
2247 IRIS ST $320,000 2011-06-10 SEMIDET 2STOREY 3 3 2 1
2412 IRIS ST $272,000 2010-07-26 SEMIDET BUNGLOW 3 4 2 0
2413 IRIS ST $269,000 2009-10-02 SEMIDET BUNGLOW 3 5 2 0
2419 IRIS ST $264,300 2009-06-15 SEMIDET BUNGLOW 3 5 2 1
2397 IRIS ST $190,000 2009-02-18 SEMIDET BUNGLOW 2 2 1 0
2415 IRIS ST $227,500 2008-11-11 SEMIDET BUNGLOW 3 3 1 0
2393 IRIS ST $245,000 2008-06-04 SEMIDET BUNGLOW 3 3 2 0
2421 IRIS ST $213,000 2007-03-21 SEMIDET BUNGLOW 3 3 1 0
2419 IRIS ST $205,000 2006-11-26 SEMIDET BUNGLOW 3 3 2

 

REQUEST A FREE HOME EVALUATION OF IRIS ST. OTTAWA

HOMES FOR SALE ON IRIST ST. OTTAWA –

2380 IRIS ST, OTTAWA, ONTARIO, K2C-1C6

IRIS ST, OTTAWA, ONTARIO, K2C-1C6

IRIS ST, OTTAWA, HOMES FOR SALE

K2C HOMES FOR SALE

OTTAWA HOME GUIDES

THINKING OF BUYING A HOME ON IRIS ST. OTTAWA?

 

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Ottawa MLS – Home Sales Stable in November 2023 Amid Growing Supply – Jan 2024 Ottawa Real Estate News

Author: John Kennedy
Categories: 2024 Kanata Real Estate News,2024 Ottawa Real Estate News,BEL AIR HOMES FOR SALE OTTAWA,KANATA BRIDLEWOOD HOMES FOR SALE,KANATA HOME PRICES,KANATA HOMES,KANATA HOMES FOR SALE,KANATA NEW HOMES FOR SALE,KANATA PROPERTIES,KANATA REAL ESTATE,KANATA REAL ESTATE NEWS,KANATA REMAX,Ottawa Condo Market News,Ottawa Condo Prices,Ottawa home listings,Ottawa homes and condos,Ottawa homes for sale,OTTAWA HOMES FOR SALE Mls,Ottawa Real Estate News,REAL ESTATE NEWS KANATA AND OTTAWA

The average price of homes sold in
November 2023 was $633,138, decreasing
0.8% from November 2022.

OTTAWA, December 5, 2023 – The number of
homes sold through the MLS® System of the
Ottawa Real Estate Board totaled 724 units in
November 2023. This was a small reduction of
1.6% from November 2022.
Home sales were 31.8% below the five-year
average and 27.4% below the 10-year average
for the month of November.
On a year-to-date basis, home sales totaled
11,421 units after 11 months of the year. This
was a large decline of 11.7% from the same
period in 2022.
“Sales are performing as expected with the
arrival of colder months, and an uptick in new
and active listings is bringing more choice back
into the market,” says OREB President Ken
Dekker. “While more choice may mean the pace
of buying and selling has slowed, that doesn’t
mean people looking to enter or upgrade in the
market should sit back. Prospective buyers or
those looking to upgrade have an opportunity
to collaborate with their REALTOR® to carefully
explore the market, identify the ideal property,
and negotiate an attractive deal at their
own pace. Sellers will have to manage their
expectations regarding the quantity of offers and
speed of transactions, and their REALTOR® is
the best resource to help them confidently price
and prepare their home for a quality sale.”
By the Numbers – Prices:
The MLS® Home Price Index (HPI) tracks price
trends far more accurately than is possible
using average or median price measures.
•
The overall MLS® HPI composite
benchmark price was $628,900 in
November 2023, a modest gain of 1.4%
from November 2022.
o The benchmark price for single-family
homes was $708,900, up 1.6% on a
year-over-year basis in November.
o By comparison, the benchmark price for
a townhouse/row unit was $492,300,
nearly unchanged, up 0.8% compared
to a year earlier.
o The benchmark apartment price was
$424,300, up 1.2% from year-ago
levels.
•
The average price of homes sold in
November 2023 was $633,138, decreasing
0.8% from November 2022. The more
comprehensive year-to-date average price
was $669,536, a decline of 5.7% from 11
months of 2022.
•
The dollar value of all home sales in
November 2023 was $458.4 million, down
2.4% from the same month in 2022.
OREB 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 will vary from
neighbourhood to neighbourhood.
By the Numbers – Inventory & New Listings
•
The number of new listings saw a minor
increase of 2.7% from November 2022.
There were 1,428 new residential listings
in November 2023. New listings were 8.4%
above the five-year average and 10.4%
above the 10-year average for the month
of November.
•
Active residential listings numbered
2,752 units on the market at the end of
November, a sizable gain of 15.8% from
the end of November 2022. Active listings
haven’t been this high in the month of
November in more than five years.
•
Active listings were 53.9% above the five-
year average and 6.7% below the 10-year
average for the month of November.
•
Months of inventory numbered 3.8 at the
end of November 2023, up from the 3.2
months recorded at the end of November
2022 and above the long-run average
of 3.3 months for this time of year. The
number of months of inventory is the
number of months it would take to sell
current inventories at the current rate of
sales activity.

 

Sources : OREB -CREA

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WOODROFFE PROPERTY FOR SALE – Detached homes on WOODROFFE AVE OTTAWA

Author: John Kennedy
Categories: BEL AIR HOMES FOR SALE OTTAWA,Ottawa home listings,Ottawa homes and condos,Ottawa homes for sale,OTTAWA HOMES FOR SALE Mls,Ottawa Real Estate News,REAL ESTATE NEWS KANATA AND OTTAWA

1155 WOODROFFE AVE OTTAWA FOR SALE

 

Have questions about REAL ESTATE PRICES IN OTTAWA

Request our free Property evaluation in Ottawa

click to see details:

 

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3208 results | Page 1 of 268
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LOADING

For sale $639,900
259 LIVERY STREET, Ottawa, Ontario

259 Livery Street

Ottawa, Ontario

3 Bedroom 3 Bathroom
For sale $439,900
141 SOMERSET STREET W UNIT#905, Ottawa, Ontario

141 Somerset Street W Unit#905

Ottawa, Ontario

2 Bedroom 2 Bathroom
For sale $395,000
2285 STONEHENGE CRESCENT, Ottawa, Ontario

2285 Stonehenge Crescent

Ottawa, Ontario

3 Bedroom 2 Bathroom
For rent $2,350 Monthly
8B KNOLLSBROOK DRIVE, Ottawa, Ontario

8b Knollsbrook Drive

Ottawa, Ontario

3 Bedroom 2 Bathroom
For sale $799,900
700 SUSSEX DRIVE UNIT#304, Ottawa, Ontario

700 Sussex Drive Unit#304

Ottawa, Ontario

2 Bedroom 2 Bathroom
For rent $2,750 Monthly
721 CAPRICORN CIRCLE, Ottawa, Ontario

721 Capricorn Circle

Ottawa, Ontario

3 Bedroom 4 Bathroom
For sale $409,900
24 LAKEPOINTE DRIVE, Orleans, Ontario

24 Lakepointe Drive

Orleans, Ontario

2 Bedroom 3 Bathroom
For rent $2,650 Monthly
25 COVINGTON PLACE, Ottawa, Ontario

25 Covington Place

Ottawa, Ontario

3 Bedroom 3 Bathroom
For sale OPEN HOUSE $784,900
1896 NORTHLANDS DRIVE, Orleans, Ontario

1896 Northlands Drive

Orleans, Ontario

4 Bedroom 3 Bathroom
For sale $649,000
36 LIMNOS LANE, Ottawa, Ontario

36 Limnos Lane

Ottawa, Ontario

4 Bedroom 4 Bathroom
For rent $2,600 Monthly
38 BARN SWALLOW PRIVATE, Ottawa, Ontario

38 Barn Swallow Private

Ottawa, Ontario

3 Bedroom 3 Bathroom
For sale $1,524,900
6804 LAKES PARK DRIVE, Ottawa, Ontario

6804 Lakes Park Drive

Ottawa, Ontario

4 Bedroom 5 Bathroom
Interested?
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Ottawa Real Estate Market update – July 2023

Author: John Kennedy
Categories: 2023 - Market Information,KANATA BRIDLEWOOD HOMES FOR SALE,KANATA HOME PRICES,KANATA HOMES,KANATA HOMES FOR SALE,KANATA PROPERTIES,KANATA REAL ESTATE,KANATA REAL ESTATE NEWS,KANATA REMAX,KANATA TOWNHOMES FOR SALE,Ottawa Condo Market News,Ottawa Condo Prices,Ottawa home listings,Ottawa homes and condos,Ottawa homes for sale,OTTAWA HOMES FOR SALE Mls,Ottawa Real Estate News,REAL ESTATE NEWS KANATA AND OTTAWA
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Average price weekly glance- FEB 22, 2023 – OTTAWA HOMES FOR SALE – Kanata Homes for Sale

Author: John Kennedy
Categories: KANATA BRIDLEWOOD HOMES FOR SALE,KANATA HOME PRICES,KANATA HOMES,KANATA HOMES FOR SALE,KANATA PROPERTIES,KANATA REAL ESTATE,KANATA REAL ESTATE NEWS,KANATA REMAX,KANATA TOWNHOMES FOR SALE,Ottawa Condo Market News,Ottawa Condo Prices,Ottawa home listings,Ottawa homes and condos,Ottawa homes for sale,OTTAWA HOMES FOR SALE Mls,Ottawa Real Estate News,REAL ESTATE NEWS KANATA AND OTTAWA

Lets look at this weekly average price in Ottawa real estate.

 

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Ottawa Real Estate Market news Feb 2023 – Kanata Real Estate Market news Feb 2023 – Join our newsletter

Author: John Kennedy
Categories: KANATA BRIDLEWOOD HOMES FOR SALE,KANATA HOME PRICES,KANATA HOMES,KANATA HOMES FOR SALE,KANATA PROPERTIES,KANATA REAL ESTATE,KANATA REAL ESTATE NEWS,KANATA REMAX,KANATA TOWNHOMES FOR SALE,Ottawa Condo Market News,Ottawa Condo Prices,Ottawa home listings,Ottawa homes and condos,Ottawa homes for sale,OTTAWA HOMES FOR SALE Mls,Ottawa Real Estate News,REAL ESTATE NEWS KANATA AND OTTAWA

February 2023 – Resale Market Starts Slow as Buyers Remain Cautious

February 2, 2023

Members of the Ottawa Real Estate Board (OREB) sold 606 residential properties in January through the Board’s Multiple Listing Service® (MLS®) System, compared with 933 in January 2022, a decrease of 35%. January’s sales included 460 in the freehold-property class, down 30% from a year ago, and 146 in the condominium-property category, a decrease of 47% from January 2022. The five-year average for total unit sales in January is 819.

“January’s marked slow down in unit sales over 2022 indicates potential home buyers are taking their time,” says OREB President Ken Dekker. “While last month saw the culmination of the succession of interest rate hikes announced by the Bank of Canada, affordability remains a factor. They may be waiting for a shift in listing prices. They’re being cautious in uncertain conditions.”

By the Numbers – Average Prices*:

  • The average sale price for a condominium-class property in January was $412,244, a decrease of 8% from 2022.
  • The average sale price for a freehold-class property was $676,272, decreasing 12% from a year ago.

“Despite the decrease in average prices, the market should not be considered on a downward slide,” says Dekker. “A hyper COVID-19 seller’s market is now leveling out to our current balanced market state.”

“On a positive note, in comparison to December’s figures, January’s average price of freehold properties increased by 3%. The average price of condos did fall by 5% compared to December but condo pricing tends to fluctuate more due to the small data set.”

By the Numbers – Inventory & New Listings:

  • Months of Inventory for the freehold-class properties has increased to 3.8 months from 0.9 months in January 2022.
  • Months of Inventory for condominium-class properties has increased to 3.8 months from 0.8 months in January 2022.
  • January’s new listings (1,324) were 16% higher than 2022 (1,142) and up 89% from December 2022 (699). The 5-year average for new listings in January is 1,233.

“Ottawa’s inventory and days on market figures are typical for a balanced market and another sign that buyers are no longer racing to put in an offer,” says Dekker. “The increase in new listings and supply is a boon for home buyers, who now have more selection and the ability to put in conditions at a less frantic pace. REALTORS® are an essential resource in finding the right property for the right buyer. On the other side of the transaction, REALTORS® can help sellers with hyper-local insights about how to sell in their neighbourhood at a time when pricing is key.”

More people are turning to REALTORS® for help renting properties — 509 this month compared to 410 in January 2022, an increase of 24%. “Even with the increase in housing stock, the tighter rental market is another indication that affordability is keeping some potential buyers on the sidelines.”

* OREB 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 will vary from neighbourhood to neighbourhood.

 

 

Market Prices Sold and Changes

2022 AWARD WINNER FOR SALES AND CUSTOMER SATISFACTION

Thank you for your trust and referrals!

 


 

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THANK YOU ! Award winner 2022 – Customer Satisfaction and Sales – Thank you to all my clients.

Author: John Kennedy
Categories: KANATA BRIDLEWOOD HOMES FOR SALE,KANATA HOME PRICES,KANATA HOMES,KANATA HOMES FOR SALE,KANATA PROPERTIES,KANATA REAL ESTATE,KANATA REAL ESTATE NEWS,KANATA REMAX,KANATA TOWNHOMES FOR SALE,news,Ottawa Condo Market News,Ottawa Condo Prices,Ottawa home listings,Ottawa homes and condos,Ottawa homes for sale,OTTAWA HOMES FOR SALE Mls,Ottawa Real Estate News,REAL ESTATE NEWS KANATA AND OTTAWA
Thank you !!Thank you!!!
To all my clients for your trust, your business, your referrals!!!
2022 Real Estate sales award at my Brokerage office!!!
Top Sales and Customer Satisfaction Award!!!
I’m included in the #1s in something that I love doing!! Helping others focus on Real Estate buying a home or wealth building.
Award for top sales in 2022!!!
Yeah!!!!….I am among the #1 group of highest earning individual agent in my Real Estate brokerage Ontario wide!
Working on getting back to a healthier me after my car accident in 2018, this award feels amazing to hold!!
In 2022, I was able to help more first time buyers, upsizers, down sizers, and investors this past year than the last 5 years due to my accident. I also continue to help needy families in the Amazon Rainforest areas of Suriname and Guyana, by donating a percentage to their needs monthly with my clients help. It’s a real passion of mine the Amazon Rainforest survival, and I help them not to cut down the Amazon Rainforest trees, an eco system that is very special to me.
This year has lots to be thankful for friends. My career enables me to give and to help others and that’s a true gift to appreciate.
I really appreciate everyone that has referred me as a Realtor, my friends and family this past year and in the hope you will continue to do so for years to come.
As a Realtor, the studies and legal updates are endless, but it’s all worth it when you get these Awards of Top Customers Satisfaction. I know that for most people, their house is their largest asset and their trust in me means a lot. So I stay sharp in Real estate law studies they are a constant change and being responsible to my clients is paramount to me.
I’ve been truly blessed with great friends, family, and nice clients. My career is enjoyable!!!
I also have an amazing Real Estate office at Solid Rock Realty. I’ve been very lucky to get a supportive broker and her team.
My colleagues are very supportive of me, as we all share tips throughout the office, and the constant learning helps us to become better at what we do, and how to offer our best to our clients.
BIG THANKS again to all of you who supported me and referred me to your family and friends.
What an Amazing Award for 2022!!!🔑 I’m very proud of myself getting this 🙏🏼🙏🏼
🎉
Again…Thank you all in advance for the future referrals….
2023 will be another successful year and great opportunities!
God Bless🙏🏼

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BUY YOUR 1ST HOME WITH YOUR RRSPs – Ottawa homes for sale 2023 – Ottawa real estate news

Author: John Kennedy
Categories: KANATA BRIDLEWOOD HOMES FOR SALE,KANATA HOME PRICES,KANATA HOMES,KANATA HOMES FOR SALE,KANATA PROPERTIES,KANATA REAL ESTATE,KANATA REAL ESTATE NEWS,KANATA REMAX,KANATA TOWNHOMES FOR SALE,Ottawa Condo Market News,Ottawa Condo Prices,Ottawa homes for sale,OTTAWA HOMES FOR SALE Mls,Ottawa Real Estate News,REAL ESTATE NEWS KANATA AND OTTAWA

How to participate in the Home Buyers’ Plan (HBP)

No obligation. No cost to have the answers explained to you. 

 

Easy ways to buy a Home in Ottawa.Homes for sale.

 

The Home Buyers’ Plan (HBP) is a program that allows you to withdraw funds from your Registered Retirement Savings Plans (RRSPs) to buy in Ottawa or build a qualifying home for yourself or for a related person with a disability. The HBP allows you to pay back the withdrawn funds within a 15-year period.

Buyer Questions:

Can I buy my home with my RRSPs? Yes

Can I borrow my downpayment (deposit) to buy a home in Ottawa?  Get all the answers.

Will John help me and take the time to show me step by step? Yes

Call for our 30 minutes FREE consultation with no obligation.

PROFESSIONAL HELP IS ON IT’S WAY….

BOOK YOUR FREE 30 MINUTES CONSULTATION MEETING AND RECEIVE A :

FREE BUYERS GUIDE – IT SHOWS YOU STEP-BY-STEP BEFORE YOU BUY A HOME IN TODAYS MARKET, WHAT TO PLAN FOR AND WHAT TO EXPECT.

HOW TO GET THE BEST PRICE. WHAT TO LOOK FOR BEFORE BUYING A HOME, ITS STRUCTURE. HOW TO AVOID COMMON MISTAKES. HOW TO OFFER YOUR PRICE… ECT

 

RECEIVE A CURRENT LIST OF HOMES THAT FITS YOUR BUDGET DAILY.

 

CALL JOHN TODAY  AND START OWNING YOUR 1ST HOME!

 

Home Buyers’ Plan (HBP)  link

 

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DEC 2022 – Year-to-date average sale prices – residential and condominiums, values represent an 8% increase over 2021 – OTTAWA HOMES FOR SALE

Author: John Kennedy
Categories: KANATA BRIDLEWOOD HOMES FOR SALE,KANATA HOME PRICES,KANATA HOMES,KANATA HOMES FOR SALE,KANATA PROPERTIES,KANATA REAL ESTATE,KANATA REAL ESTATE NEWS,KANATA REMAX,KANATA TOWNHOMES FOR SALE,Ottawa Condo Market News,Ottawa Condo Prices,Ottawa home listings,Ottawa homes and condos,Ottawa homes for sale,OTTAWA HOMES FOR SALE Mls,Ottawa Real Estate News,REAL ESTATE NEWS KANATA AND OTTAWA

STILL WAITING TO BUY YOUR HOME?

Market stats show an +8% increase over 2021. Interest rates are still lower than this year-to-year Ottawa real estate market increase %. That means, there is still profit in the market of about 3-4% yearly for you to make. Ask me to teach you about leveraging and mortgage % when buying a home in Ottawa.

Real Estate news in Ottawa.

With year-to-date average sale prices at $774,422 for residential units and $454,436 for condominiums, these values represent an 8% increase over 2021 for both property classes

 

Real estate questions in Ottawa. Get the answers: Ottawa real Estate tips.

How does leveraging work in Real estate?

How to leverage to gain profits % when buying a home in Ottawa.

How to make sure your investment funds are insured when buying a home in Ottawa.

Get all the answers. Free consultation.

 

 

 

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September 2022 -OTTAWA REAL ESTATE NEWS – Buyer Uncertainty Slows Down August Resales in Ottawa – Ottawa homes for Sale

Author: John Kennedy
Categories: KANATA BRIDLEWOOD HOMES FOR SALE,KANATA HOME PRICES,KANATA HOMES,KANATA HOMES FOR SALE,KANATA PROPERTIES,KANATA REAL ESTATE,KANATA REAL ESTATE NEWS,KANATA TOWNHOMES FOR SALE,Ottawa Condo Market News,Ottawa Condo Prices,Ottawa home listings,Ottawa homes and condos,Ottawa homes for sale,OTTAWA HOMES FOR SALE Mls,Ottawa Real Estate News,REAL ESTATE NEWS KANATA AND OTTAWA,The Corners on Main Condos

HOMES-FOR-SALE-OTTAWA – KANATA-HOMES-KANATA-OTTAWA HOMES FOR SALE – OTTAWA HOME PRICES SEPTEMBER 2022- OTTAWA CONDOS FOR SALE SEPTEMBER  2022 – LATEST OTTAWA REAL ESTATE NEWS.

Buyer Uncertainty Slows Down August Resale numbers. 

But Prices are still up in Residential homes 10.2% and Condominium 8.8% from last year August .

 

 

September 6, 2022, Update from the Ottawa Real Estate Board.

September 6, 2022

Members of the Ottawa Real Estate Board sold 1,137 residential properties in August through the Board’s Multiple Listing Service® System, compared with 1,565 in August 2021, a decrease of 27 per cent. August’s sales included 850 in the residential-property class, down 27 per cent from a year ago, and 287 in the condominium-property category, a decrease of 28 per cent from August 2021. The five-year average for total unit sales in August is 1,603.

“August is a traditionally slower month in Ottawa’s resale market ebb and flow cycle due to summer vacations. Compounding the slowdown in market activity, Buyers are uncertain about their purchasing power given impending additional interest rate hikes,” states Ottawa Real Estate Board President Penny Torontow.

“The lightning speed at which homes were selling at the start of 2022 is a thing of the past, evidenced by Days on Market (DOMs) inching closer to that 30-day mark. We have also observed a return to standard financing and inspection conditions and fewer multiple offer scenarios,” she adds.

Additional figures:

  • The average sale price for a condominium-class property in August was $421,966, an increase of 4 per cent from 2021.
  • The average sale price for a residential-class property was $707,712, increasing 5 per cent from a year ago.
  • With year-to-date average sale prices at $795,978 for residential and $457,771 for condominiums, these values represent a 10 per cent and 9 percent increase over 2021, respectively.*
  • 2,093 properties were listed in August, boosting inventory to nearly 3 months for residential class properties and 2.2 months for condominiums.

“Prices are still rising slightly in some areas, albeit lower single-digit percentage increases, bringing back the moderate price-growth stability that is characteristic of the Ottawa resale market. What happened to prices in 2020 and 2021 was unusual. We are moving towards a balanced market state, where Buyers have choices and Sellers need to ensure they are pricing their properties accurately,” Torontow advises.

“The informed market knowledge and insight of a licensed REALTOR® is critical to both Buyers and Sellers navigating market shifts. Sellers will want to closely explore with their REALTOR® the best time and price to list their home to optimize a property’s days on market. Buyers can use the extra time to work with their REALTOR® on due diligence and finding a dream home that meets their needs within their financial parameters.”

REALTORS® also help with finding rentals and vetting potential tenants. Since the beginning of the year, OREB Members have assisted clients with renting 4,172 properties compared to 3,182 last year at this time.

* OREB 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 will vary from neighbourhood to neighbourhood.

source OREB.

 

HOMES-FOR-SALE-OTTAWA – KANATA-HOMES-KANATA-OTTAWA HOMES FOR SALE – OTTAWA HOME PRICES FEBRUARY 2022- OTTAWA CONDOS FOR SALE 2022 – LATEST OTTAWA REAL ESTATE NEWS.

 

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AVERAGE MOVING PRICE SEPTEMBER 2022

 

JUST SOLD 

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OTTAWA AVERAGE  PRICES FROM SEPTEMBER 2022

 

 

RECEIVE FREE PROFESSIONAL ADVICE BEFORE YOU BUY OR SELL.

AVERAGE PRICE CHANGES BY MONTH

 

 

 

HOMES-FOR-SALE-OTTAWA – KANATA-HOMES-KANATA-OTTAWA HOMES FOR SALE – OTTAWA HOME PRICES FEBRUARY 2022- OTTAWA CONDOS FOR SALE FEBRUARY 2022 – LATEST OTTAWA REAL ESTATE NEWS.

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