Archive for the ‘Market Conditions’ Category:

Hi everyone!  Hope you had a fabulous Canada Day.  The weather on the weekend was certainly hard to beat! 

So, the Ottawa real estate market is improving each month over last year.  Take a look at the number of houses listed for sale during the first part of 2010 as compared to 2009.  The year got off to a slow start but is now making up for lost time.

January
997 listings in 2009
787 listings in 2010

February
1095 listings in 2009
1054 listings in 2010

March
1483 listings in 2009
1531 listings in 2010

April
1549 listings in 2009
1676 listings in 2010

May
1414 listings in 2009
1585 listings in 2010

May of 2010 saw a 12% increase in listings over 2009.  What does this mean for you?  If you are looking to buy a home in the Ottawa area, it means that there are more homes on the market now than there were during the same time period last year.  Stay tuned for more market statistics as the summer unfolds.

To find out more about homes that are currently listed for sale in your area, contact one of our Sales Representatives at 613-288-2455.

Did you know that detached 1 1/2 storey homes in Nepean sold, on average, for over 100% of their asking price in 2009?  Or that Nepean attached row bungalows sold, on average, in only 15 days in 2009?

If you live in Nepean and are thinking about selling your home, we have very detailed statistics about every major type of home that sold in the area of Nepean in 2009 on our real estate website.  The information we have compiled consists of:

• Nepean property type
• number of Nepan homes of each property type sold in 2009
• minimum listing and sale prices
• maximum listing and sale prices
• average listing and sale prices
• average sale to listing price ratio, and
• average number of days on market for each Nepean home type

Why not check out our statistics and see how your Nepean home stacks up?  Maybe now is the perfect time for you to sell your Nepean home, based on the average sale price in 2009.

If you are considering buying a home in the Nepean area, our detailed Nepean home statistics can help you choose a style of home that will fit your budget.

For more information on  buying or selling a home in the Nepean area, or ANY area in Ottawa, ask us a question online, or call 613-288-2455 to speak to one of our Ottawa Sales Representatives today!

Want more information about buying or selling your Ottawa area home?

For more information about today’s market conditions, or if you are interested in listing your Ottawa area home for sale, either visit our Ottawa real estate website or call 613-288-2455 today!

For more market conditions and statistics, visit our Ottawa real estate website, or call 613-288-2455.