Wednesday, December 26, 2018

Blackburn Hamlet Homes See Price Growth

2018 has been a great year for real estate across Ottawa but the neighbourhood of Blackburn Hamlet has seen lots of growth with the average single-family home hitting $486,936.

With the little inventory home owners have been able to sell their home for 98.6% of their asking price. Homes in the Blackburn Hamlet neighbourhood have also been selling quicker than last year. The days on market has gone done from 55 days to 28 days on market. This is a 50.9 percent decrease over 2017.

Read more about the neighbourhood and see if Blackburn Hamlet is the neighbourhood for your family.

EXIT Realty Bronze Award 2018

My business is mostly based on word of mouth where past buyers and sellers refer me to their friends and family who are in the market for a new home or condo or are looking for my marketing expertise for the sale of their property in Ottawa.
I received the 2018 Bronze Award for having done 25+ deals in 2018. The video below is from an improvised Award Ceremony that was posted on Facebook Live.
A big thank you to my clients who have trusted me with their real estate needs and for all of those who continue to recommend me to their family, friends and business colleagues.
If you are in the market to buy real estate in Ottawa we should talk. Call me at 613-889-7732 to discuss your real estate needs.

Saturday, December 15, 2018

Stats for October 2018 Across Canada

Ottawa real estate is seeing nice price growth with low inventory and buyers competing for homes and condos Ottawa has seen the average price of properties increase to $449,005 in October of 2018. This is a 5.7% increase over October of 2017 which is in line with the province average shown in the graph below. Saskatchewan, Manitoba, Ontario, Quebec, New Brunswick, Nova Scotia have all seen their prices increase over October of last year while the provinces of British Columbia, Alberta, Prince Edward Island and Newfoundland all saw their average property price decrease year over year.
average price increase across canada

If you are planning a home or condo purchase in Ottawa. Call 613-889-7732 to speak with Roch St-Georges, Ottawa real estate broker with EXIT Realty Matrix.

Monday, December 10, 2018

Ottawa Real Estate Market October 2018 Update

Ottawa is still a hot market and homes continue to sell at a rapid paste in many sought after neighbourhoods. The average days on the market for homes sold with the Ottawa Real Estate Board since the beginning of 2018 is 39 days for residential properties and 51 days on market for condos. This is a decrease of 14% for residential properties and a 24% decline for condos.
real estate market update
Lack of supply seems to be on of the driving force in this active Ottawa real estate market. When compared to 2015 and 2016, Ottawa currently has about half of its normal inventory and this trend doesn't seem to be improving.
Looking back at October 2017 we saw condo inventory go down 34.5% while residential inventory was 17.5% during this same period.
The average price of a residential-class property in Ottawa reached $449,005 in October 2018 which is a 5.7% increase over last year. The average sale price of the condo-class property is $271,350 a 0.6% increase over October of last year.
Those looking choosing to rent instead of buying in 2018 also saw price increases and competition for rental units. The Ottawa rental market has 32% fewer units than in the same period last year.
What is the most active price point? The hottest real estate segment are homes in the $300,000 to $449,999 range which account for 43% of the sales for October 2018.
If you are contemplating buying or selling a property in Ottawa in the coming months and would like to discuss your plans call Ottawa real estate agent, Roch St-Georges at 613-889-7732.

Wednesday, December 5, 2018

Halloween has not Scared Away Home Buyers

Members of the Ottawa Real Estate Board sold 1,383 residential properties in October through the Board’s Multiple Listing Service® System, compared with 1,237 in October 2017, an increase of 11.8 per cent. The five-year average for October sales is 1,223. October’s sales included 1,059 in the residential property class, a rise of 8.5 per cent from a year ago, and 324 in the condominium property class, an increase of 24.1 per cent from October 2017.
“October’s sales are truly indicative of the fast-paced market we have experienced for much of 2018,” points out Ottawa Real Estate Board President, Ralph Shaw. “In some pockets of the city, listings are not lingering on the market. Year-to-date average Days on Market (DOMs) are down 14% from 45 to 39 days for residential homes and 24% from 68 to 51 days for condominiums.”
“However, lack of supply continues to be a major driving factor in Ottawa’s real estate market,” he adds. “If we look back to 2015 and 2016, our current active inventory is less than half of what we had then, and it’s not improving. Compared to last year, condo inventory is down 34.5% while residential inventory is 17.5% lower than October 2017.”
“Ottawa’s reputation as one of the most affordable cities in the country endures with residential average prices up approximately 6% year over year, yet continuing to come in under $450,000. While average prices for condos remain reasonable and steady in the $270,000 range,” acknowledges Shaw.
The average sale price of a residential-class property sold in October in the Ottawa real estate area was $449,005, an increase of 5.7 per cent over October 2017. The average sale price for a condominium-class property was $271,350, a slight increase of 0.6 per cent from this month last year.*
“Further, the number of apartment condo projects that have been approved by the City of Ottawa will maintain price stability for this category of housing going forward. This will offer opportunities particularly for renters who may be considering homeownership since the rental inventory is also down 32% from this time last year.”
The $300,000 to $449,999 range remains the most active price point in the residential market, accounting for 43 per cent of home sales while the $500,000 to $750,000 price range continues to represent one in five of all residential home sales this past month. Between $175,000 to $274,999 was October’s most robust price point in the condominium market, accounting for almost 53 per cent of the units sold.
In addition to residential and condominium sales, OREB Members assisted clients with renting 2,354 properties since the beginning of the 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.

Tuesday, December 4, 2018

Bluesfest Ottawa Pre-Sale 2019



This presale ends Monday, December 24 at 11:59 PM ET.  Surprise a loved one with tickets under the tree!  Payment plans are available.

Passes include:
July 5 and July 14 - general admission day passes
Full festival - regular and VIP
Each order includes a digital download to print and place under the tree - or you can add-on a poster version during purchase.

RBC Bluesfest logo - 25 years

VIP, General Admission, and Full Festival Passes now available.

July 14 - Backstreet Boys

Monday, December 3, 2018

Industrial or Office Space in Casselman

Attention personal trainers, yoga instructors, martial arts instructors, photographers, dance instructors or anyone in need of a large space this is the perfect property for you to lease for your business. Located in a new facility in the heart of Casselman this large bright facility has ample parking and the lease includes common fees for hydro, natural gas heating, elevator and office cleaning.

Call Ottawa Real Estate Agent, Roch St-Georges for more information. 613-889-7732

Wednesday, November 28, 2018

What Is an Ottawa Buyer’s Market?

The question a lot of people ask is, what is an Ottawa real estate buyer’s market? Buyer’s market is defined as the place where there are a lot of numbers of Ottawa real estate properties than to its buyers. In this kind of market- the buyer’s market, the clients, customers, or the potential buyers can negotiate between them and their home sellers because they can find another property into another place where there is a lot of Ottawa buyer’s market. Even though the word buyer’s market is known on describing any real estate property, this buyer’s market can also be used into another services or products. For instance, the panda stuff toy has an extra number of stuffed toys were there are only a few people who want to buy or purchase that kind of stuff toy. With that, a certain product Ottawa home owner that has an excess thing will hope to be purchased it again with the buyers. This excess supply will be the buyer’s market where enables product owners to sell their products in a lower cost of prices.

Even though an Ottawa real estate property costs much higher than a particular stuffed toy, its principles are almost just the same. If the time comes that the number of sellers is higher than the number of buyers, the control of the market will be in the hand of the buyers. This kind of concept has been encrypted to the basic law of supply and demand. The higher the demand of a certain product or in a particular real estate property the price of the Ottawa real estate property or a product will get lower. In the same manner that, while the higher the demands of a certain product or a particular real estate property will have a higher amount of its prices. In the concept of this kind of market- the buyer’s market, there are many different real estate properties whose prices continuously decline. The number of the demand of the Ottawa real estate property is not applicable to this kind of market.

What will be the difference between a Ottawa seller’s market and a buyer’s market?
When we say seller’s market, it is just simply defining a place that has a higher number of potential buyers than to its real estate properties. When there is a lower number of Ottawa home or condos in a certain place rather than to its potential buyers, then it has its higher chance that the Ottawa real estate property will be purchased quickly and easily. The amount of the prices of the real estate property in this kind of market will be higher. With the higher demand and lower supply of the Ottawa real estate property, the power of giving the price amount of a certain property is in the hand of the seller.
When we say a buyer’s market, it is just simply defining a place that has a higher number of real estate properties that the number of its potential buyers. In this kind of market, many potential buyers have the chance to look more into different homes. In seller’s market, if the power of giving the price of the property is in the hand of the seller, in this type it is not. The power of giving the price in a certain property is in the hand of the buyers.

3 Bedroom Bungalow in Morewood, Ontario

4 HUME ST, Morewood K0A 2R0

Well maintained 3 bedroom bungalow with detached garage located in the lovely town of Morewood, sitting on a pretty lot within walking distance to pubic school. You will have peace of mind knowing that 25K of upgrades in the last 3 years have been completed such as furnace, roof, A/C windows and so much more. Laminate flooring in living room and all 3 bedrooms. Family sized bathroom with cheater door to master bedroom. Your unspoiled lower level is ready for your personal touches and provides additional living space. Don't miss out.

Duplex Property for Sale Hawkesbury, Ontario

346 JAMES ST, Hawkesbury K6A 1T2