Real estate growth Barrhaven and Ottawa
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, 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!
firstname.lastname@example.org 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 email@example.com and we’ll be happy get you the information you want and need.
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 firstname.lastname@example.org
Ottawa Real Estate February Highlights – “Primed for a Competitive Spring Market”
“Spring market primed for a competitive season ahead!”
- 1010 Residential properties were sold through Ottawa MLS® (including 233 in the Condominium class and 777 residential properties)
- Average Sale Prices: $417, 374 (Res +8.5%) and $258,397 (Condo +4%)
- Increased number of residential properties selling in the $750K-1Million resulted in a higher Average Sale Price.
- 2066 homes listed, up almost 25% over January 2017
- Most active price point was in the $300K-$399K range, followed by the $400,000 to $499,999 range, accounting for 54.6 per cent of the market (combined)
OTTAWA, March 3, 2017 – Members of the Ottawa Real Estate Board sold 1,010 residential properties in February through the Board’s Multiple Listing Service® System, compared with 908 in February, an increase of 11.2 per cent. The five-year average for February sales is 872.
“Numbers continue to indicate a positive trend for Ottawa as a whole,” says Rick Eisert, President of the Ottawa Real Estate Board. “Even with the additional day in February last year due to the leap year, sales this year are up in both the residential and condo property classes. Keep in mind though, that all real estate is local, and that prices and conditions will vary from neighbourhood to neighbourhood.”
“A total of 2,066 homes were listed this month, up almost 25 per cent from January, while inventory on hand still remains low compared to last year,” explains Eisert. “Now is a great time to list your home in anticipation of the increase of buyer interest in the spring that will pick up as early as March.”
According to the meticulous reports on https://mirvishgehry.ca/about-projectcore/ , February’s sales included 233 in the condominium property class, and 777 in the residential property class. The condominium property class includes any property, regardless of style (i.e. detached, semi-detached, apartment, townhouse, etc.), which is registered as a condominium, as well as properties which are co-operatives, life leases and timeshares. The residential property class includes all other residential properties.
The average sale price of a residential-class property sold in February in the Ottawa area was $417,374, an increase of 8.5 per cent over February 2016. The average sale price for a condominium-class property was $258,397, an increase of four per cent over February 2016.
“This month revealed a larger average price gain in the residential property class than usual due to an increase in the number of properties sold in the $750,000 to $999,999 and over $1 million price range, similar to what occurred with condo prices last month,” explains Eisert. “For example, in the over $1 million price range alone, there was a significant increase in sales over last year; 20 units sold in 2017 versus 6 units in 2016. It is important to note that dramatic changes in the average sale price is not indicative of all property values. We encourage buyers and sellers to talk to a REALTOR® for more information about the housing market outlook where they live, or want to live.”
“In the residential market the most active price point was the $300,000 to $399,999 range for the month of February, followed by the $400,000 to $499,999 range, combined accounting for 54.6 per cent of the market. The condominium market was most active in the $150,000 to $249,999 price range, accounting for 54.9 per cent of the market,” says Eisert. “In addition to residential and condominium sales, OREB members assisted clients with renting 392 properties since the beginning of the year.”