New property listed in Ottawa

We are very excited to share our new listing at 344 DONALD B MUNRO DRIVE in Ottawa.
Now is your chance to live in a modern home torn from the pages of Architectural Digest. Designed, built and lived in by a Japanese architect, this near passive home has been built with rigorous standards and exceptional style. A visit is a must to experience the simplicity, attention to detail and serene lightness. Here are a few details to think about: heated super insulated GeoSlab, triple glazed Inline fibreglass windows, high-efficiency Fisher Paykel appliances, 100% LED pot lights, soundproofed interior walls, zero steps in the home including the shower room, and much more! The result: a quiet and exceptionally efficient home with utility bills so low your accountant will want an audit. All this & only a few minutes walk to Carp's Main Street cafes & restaurants. Enjoy the peace and quiet of small town life just a few minutes drive to Kanata! Offers to be presented at 2 PM December 14, 2021, however, Seller reserves the right to review and may accept pre-emptive offers. (id:2493)

New property listed in Ottawa

We are very excited to share our new listing at 160 GEORGE STREET UNIT#1204 in Ottawa.
Incredible condo apartment in the Byward Market with a coveted underground 2 car tandem parking spot! With 1300 sq ft of space, 2 bedrooms, 2 baths & in-suite laundry this apartment feels like a bungalow in the sky! Beautiful views of the Gatineau Hills, Parliament and the Market will entertain you all year round when you are not enjoying the endless opportunities of shopping, dining and entertainment in the most exciting part of the Capital! Enjoy a morning coffee or a nightcap on your generous sized balcony. Walk to work or to the LRT. Building amenities include an indoor pool, gym, private courtyard with BBQs, guest suites, concierge desk & storage locker! Whether urban lifestyle or downtown convenience this unit has everything you can hope for and all at an incredible value! Book your showing now! (id:2493)

Ottawa Market Trends November 2021

Members of the Ottawa Real Estate Board sold 1,459 residential properties in November through the Board’s Multiple Listing Service® System, compared with 1,605 in November 2020, a decrease of 9 per cent. November’s sales included 1,086 in the residential-property class, down 10 per cent from a year ago, and 373 in the condominium-property category, a decrease of 7 per cent from November 2020. The five-year average for total unit sales in November is 1,348.

“Although the resale transactions in November were down compared to a year ago, this is because 2020’s peak market activity shifted to later in the year due to the initial pandemic lockdown. In reality, November’s unit sales tracked 14% higher than 2019 (1,284), a more relevant base year for comparison,” states the Ottawa Real Estate Board President.

“Furthermore, the number of properties that changed hands in November was 8% higher than the five-year average. And we also see an 8% increase in year-to-date sales over 2020, so it is fair to say that the resale market remains active and brisk.”

The average sale price for a condominium-class property in November was $432,099, an increase of 19 per cent from 2020, and the average sale price for a residential-class property was $716,992, also increasing 19 per cent from a year ago. With year-to-date average sale prices at $719,956 for residential and $420,762 for condominiums, these values represent a 24 per cent and 16 percent increase over 2020, respectively.

“Despite significant increases in average prices over November 2020, month-to-month price accelerations have tapered off slightly, with average prices for residential units on par with October’s and condo average prices increasing by 7%. This is a far better situation than the monthly price escalations we had seen in the first quarter of 2021. However, there is no question that supply constraints will continue to place upward pressure on prices until that is remedied.”

“While the drop in volume of new listings is typical for November, our inventory, at one month’s supply, is much lower than it should be. 1,430 new listings entered the market last month, a 27% decrease from October (1,960) and 13% less than last November (1,635). While still 30 or so units over the five-year listing average, this is simply not sustainable and is taking us further away from the balanced market that will bring much-needed relief to potential Buyers.” 

“Whether you are on the buying or selling side of the transaction, this is not the occasion to go at it alone and hope for the best. An experienced REALTOR® is vital in navigating the challenges of this complex market to ensure you are making the optimal choices for what may be the most critical contract you will sign and remain obligated to for the next 20 to 30 years.”

OREB Members also assisted clients with renting 4,458 properties since the beginning of the year compared to 3,120 at this time last year.


New property listed in Ottawa

We are very excited to share our new listing at 27 FANTERRA WAY in Ottawa.
Welcome to 27 Fanterra Way, a wonderful 5 bedroom, 4 bath executive home on a premium 50 lot in Hunt Club Park! Note the hardwood floors through the living and dining rooms. The upgraded Chefs kitchen is adjacent to the family room, which features a gas fireplace for the perfect touch of ambience. Ample windows and a sliding glass door to a south-facing rear yard and patio! A private office/den is perfect for working from home or homework. Upstairs, escape to the privacy of the primary bedroom with a walk-in closet, sitting area & ensuite. The other 3 bedrooms are all large and share a full bath. The fully finished basement is huge and has another bedroom/office and a full bath. Recent updates include: paint throughout, flooring, kitchen and baths, & carpets. Make this your new address now! Offers to be presented at 2 PM December 5, 2021, however, Seller reserves the right to review and may accept pre-emptive offers. (id:2493)
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