Real estate growth Barrhaven and Ottawa
The upward trend in real estate continued as prices continues to rise. These increases are great for the industry as they are moderate yet continue to show strength in the Ottawa real estate market.
For those interested in the Barrhaven market in particular, the average sale price in October of 2017 was $374,543 as compared to $362,626 in 2016 and $356,061 in 2015. This is consistent throughout this year.
For more inform on your neighbourhood, give us a call or send us an email. We’ll be happy to share this valuable info with you.
Selling your home is an exciting and bustling time. It’s a lot like fishing. You bait the hook and wait for buyers to come and bite. We get the home ready, our REALTOR® lists our home and then we wait! The piece of this process that many don’t touch on is how to maintain our show-ready home. Here are some ways to keep the a show home ready for any visits.
Before you paint, fix up, or repair anything, the first thing you should do so your home is show-ready is the simplify. What do you absolutely need to survive for the next month? Once your essentials needs are determined, begin to pack away all of the unimportant items. This decluttered will help you keep your home is showing shape. Remember, buyers do not want to see how you live but want to imagine themselves living in what for now is your home.
Developing new lifestyle habits will keep you on top of the little chores that have a tendency to pile up. Start the day by making the beds, putting all dirty laundry in hampers, taking out the garbage and touching up the kitchen and bathrooms. When an interested buyer comes to call, it will serve you well to complete several small tasks ahead of time. The more that you do as you go about your day, the less you will have to scramble at the last second.
A place for small things
Go to your local discount store and purchase canvas bin or a wicker basket for rooms in the home that tend to get clutters such as play rooms, family rooms and children’s bedrooms. These will be invaluable as your “last second” spaces to toss any disorganised clutter into when a buyer is visiting. Toys, accessories, mail, or the like will have a spot to quickly hide-away. Keep it coordinated with the room’s decor so it appears that it’s always been there.
For many of us, especially those who work from home or have small children, meal times always prove to mess up a lovely staged kitchen. Don’t be afraid of disposable cutlery and dishware during the showing process. This will cut down on dishes and give you more time to touch up other spaces before a showing. It’s a small financial investment that can grow the value of your home by having it in tip top shape.
If you know there is a showing taking place later on in the evening, let’s for example say 6:30 to 7:30 pm. don’t cook foods with strong odours. Fish, broccoli, fragrant spices such as chilli and curry can leave an odour i nthe home that some might find unpleasant. While cooking any foods, keep the hood fan running and if weather permits, open a few windows.
During busy periods for showings such as weekends, try treating yourselves to dinner out especially is there is a showing booked.
A showing checklist
Draft a checklist of last minute items to do before you head out. Put all the toilet lids down, close the shower curtains and read this shower guide to implement some improvements in advance, shine the faucets and sinks, hide away evidence of pets if possible, run the vacuum, turn on any scent devices (such as an oil diffuser or plug-in scents but be careful to not over do it), and make sure your home is bright with artificial and natural lighting. You may get a call for more showings while you are already out, so take along anything you may need for the next few hours.
With these tips in mind, the showing process should produce better results, less stress and a more pleasant listing and selling experience.
You can always contact us for more information on how to get your home ready and what we can do for you!
email@example.com or 613-825-9710
Increase year over year 2016So, you live in the GTA or the Golden Horse Shoe area of Ontario. You have a family and you want to get into a first home or larger home. Well, good luck!
For those of you already home owners you must be thinking that you have hit the jackpot. The value of your home has been increasing by leaps and bounds. It’s on the news every day. Why not sell your home now and reap the profits? Well, you still need somewhere to live don’t you? So if you think in a booming market you’re going to sell high and buy low, you might want to re-think that.
Ottawa offers a great place to live and work. Remember that dream; work, life, balance??
Click the link for a PDF view. Increase year over year 2016
As this recent newspaper ad demonstrates, the real estate market in Ottawa has been stable and growing over 60 years. In that time, (1961, 1962, 1994, 1995 & 1996) only 5 years have shown negative growth. There have been the few odd years in the early 1970’s that growth in value was explosive but for the most part, Ottawa is stable and steady with very few booms and almost no busts. It’s like blue chip stocks, not overly exciting but good, steady and safe growth.
Want more info on the Ottawa market, send an email to firstname.lastname@example.org and we’ll be happy get you the information you want and need.
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Hot market statistics are in the news again as they are every Spring. The good news for sellers is that so far this year it has been a seller’s market, for the most part.
Simply, it’s a dangerous assumption to think and act like these news bits and stats are a sure thing that your home has gained in value and demand. It may be hard to believe but even in a city the size of Ottawa (as compared with much larger centres such as Toronto, Vancouver and Montreal) that section of the city only a few kilometres away can have a different real estate market.
A perfect example is the Glebe and lets say Barrhaven. Yes, there is a large spread of housing in between but for this example it highlights our thoughts.
The Glebe is always a hot market. Close to downtown, Parliament Hill and trendy living style. There is a shortage of housing as the neighbourhoods in and around the Glebe have already been built up. Westboro has been referred to as the NEW Glebe. It also offers trendy shopping, desirable housing and closer to downtown than the suburbs. But, like the Glebe, the amount of new construction is limited. Barrhaven is family oriented, affordable, lots of choice in housing, lots of land for continuous building and a great place to raise a family with lots of schools and shopping. The amount of housing available from resale and new construction can generally service the demand.
So, when we hear that the Ottawa market has had an overall increase in real estate values, caution must be taken. Price can rise dramatically in the Glebe & Westboro yet fall in Barrhaven. There are many reasons this can happen but without getting into a long discussion, supply and demand is the core reason.
The moral of the story?? Have a professional REALTOR® who knows your neighbourhood do an in depth Comparative Market Analysis or CMA. This is the process in which we search our vast data base and pull actively for sale properties and those recently sold that come as close as possible to matching your home. We look at several criteria when producing your customised CMA. Location, size, number of rooms including number of bathrooms and bedrooms, amenities such as finished basements, hot tubs, swimming pools, fencing and others, age of home, improvements, upgrades, updates, renovations and other factors.
Don’t rely on news reports and overall stats. Call or write us today for your FREE CMA!
613-825-9710 or email@example.com