The rural communities surrounding the southern part of Ottawa have shown very consistent sales in the first two months of this year. This is also reflected in the Board’s statistics for the whole region. The Board stats show that in February, there were 911 MLS residential properties sold. In 2015 it was 850 sales, therefore an increase of 7.2 per cent. The five-year average for February sales is 908.
We are already beginning to see the number of homes going on the market ahead of the usual “Spring Rush” of listings increase. In February, 2,312 homes went on the market, up 26.6 per cent since January, and inventory on hand at the end of February rose by 10.7 per cent since January. If you are thinking about going on the market keep in mind that listing inventory (think competitors) will only increase from here on in. Beat the Spring Rush and get out ahead of your competitors by calling us at 613-821-2384.
The average sale price of a residential-class property sold in February in the Ottawa area was $384,632, an increase of 1.2 per cent over February 2015. The average sale price for a condominium-class property was $249,727, a decrease of 6.8 per cent over February 2015. The highest concentration of properties sold was in the $300,000 to $400,000 range, followed by the $200,000 to $300,000 range.
Rural South Numbers by MLS district, Jan/Feb 2016 compared to Jan/Feb 2015
Town 2016 sales 2015 Sales
Metcalfe/Osgoode/Vernon: 16 20
Russell: 9 7
N Dundas/Winchester/ 13 5
Greely 10 9
Kemptville (Town only) 5 7
If you would like information on an area that is not shown here, give us a call at 613-821-2384 and we will be happy to look the information up for you. We will also be posting some videos in the next few days on our web site www.beardsleyteam.ca which will go into a greater detail on the above numbers as well as the present market numbers. Check there often for updates.
If you are thinking about selling, it is a good time to get out there as the numbers above show every day’s delay increases the number of competitors. Give us a call we will be happy to meet with you to give you an idea as to what your home is worth in today’s market place.
Bev and Keith Beardsley, sales representatives and also Seniors Real Estate Specialists with Keller Williams Solid Rock Realty (Brokerage). They serve the Ottawa region including the many rural communities that surround the city. Call or text 613-897-6839, www.BeardsleyTeam.ca, www.Facebook.com/OttawaCountryHomes.