Latest Ottawa Board Sales Numbers

Good Day:

As I indicated in previous reports the market is undertaking a significant shift. Across the Ottawa Board sales are down 33% from last September.

In the towns below you can see the numbers sold and the per cent change. I have been doing this for over 20 years and for me the most significant number is not the average price, but the volume of sales. Average price is just that, the average of the highest and lowest sales. In smaller communities it can easily be distorted if a couple of expensive homes sell.

Ottawa is a relatively stable market, and we don’t see huge price drops such as in Toronto. However. We do see more homes taking longer to sell, often a lot longer if they are not in great condition. More homes on the market means buyers have more choice.

The other number that is important is the type of market. Once again though in small towns/markets the numbers can be distorted by the low volume of sales.

Seller’s Market: 1-3 months of home inventory on the market
Balanced: 4-6 months of inventory
Buyer’s Market: 6+ months of inventory

SALES STATISTICS BY TOWN AND MLS DISTRICT

KEMPTVILLE-HOUSES-160 SOLD, -34.6% from last year at this time
AVERAGE $734,870 +13.3%
CONDOS-11 SOLD, -71.1%
AVERAGE $349,217 -39%
Market: 3.5 months, Balanced market

NORTH DUNDAS 101 SOLD, -23.7%
AVERAGE $592,278
WINCHESTER 32 SOLD, -22.0%
CHESTERVILLE 21 SOLD, +16.7%
WINCHESTER TWP 18, -41.9%
MOUNTAIN TWP 30 SOLD, -47.4%
Market: 2.8 months, Seller’s market

GREELY 119 SOLD, -15.6%
AVERAGE $1,090,896, +9.1%
Market: 3.3 months, Balanced market

OSGOODE 36 SOLD, -12.2%
AVERAGE $678,702
Market: 0.5-month, Seller’s market

METCALFE 24 SOLD, +33.3%
AVERAGE $747,229, -12.1%
Market: 1.5 months, Seller’s market
VERNON 11 SOLD, -38.9%
AVERAGE 576,863 +12.1%
Market: 2.5 months, Seller’s market

RUSSELL HOMES 78 SOLD, -22.8%
AVERAGE 757,803 +18.1%
CONDOS 1 SOLD -85.7%
AVERAGE $300,000 -4.9%
Market: 3 months, Seller’s market

EMBRUN HOMES 117 SOLD, -9.3%
AVERAGE $694,060, +10.6%
CONDOS SOLD 16, -20%
AVERAGE $393,481 +10.9%
Market: 3.5 months, Balanced market

CARLSBAD SPRINGS 16 SOLD -11.1%
AVERAGE $652,431, +8.5%
Market: 2.8 months, Seller’s market

NORTH GOWER 22 SOLD, +29.4%
AVERAGE $839,190 +18.2%

KARS 3 SOLD, -57.1%
$1,001,700 +59.4%

RIDEAU TWP 27 SOLD, -5.9%
AVERAGE $825,869 +6%

North Gower, Kars, Rideau Twp:
Market: 3.1 months, Balanced market

If you have any question on these communities or others not shown, please reach out by text or call 613-897=6839 I will be happy to answer your questions.

Take care and stay safe

The NEW NORMAL Market

Sales volume generated over the first eight months of this year reflects a return to a more realistic real estate market. Gone are the crazy bidding wars. Buyers can take a pause before starting their search again with more certainty than before.

Sellers have to be more realistic with their pricing and have a lot more patience. Putting your house on the market today, probably means it won’t sell tonight, or next week and for some it might take longer.

Basically, we have returned to a normal market in the areas we serve.

To find out how your area did click the link HERE

If you wish information on a town not shown, please text or call 613-897-6839 and I will be happy to get the information for you

The Market Returns To Normal

Good Day:

There is a lot happening in the real estate marketplace.

First you have to ignore all of the media types breathlessly reporting how badly Ottawa did last month.

We are not Toronto and while the volume of sales was down compared to July 2021 you must keep in mind that June and July last year were exceptionally active before the market slowed until sometime in September.

Different towns have different results as you will see in the videos. Some are doing quite well and for the most part we are not seeing the average price shift much.

Essentially all this means is that we have returned to a normal market, Bidding wars are gone.The good news is that well priced homes always sell, but you have to do your homework so that your expectations are logical, and you have to have a good agent.

Check out what I am saying. A link to our market statistics page is found HERE.

We also post these videos and other information on our Facebook pages “Beardsley Real Estate Team” and “Ottawa Country Homes and Lifestyles”. Please “LIKE” and follow those pages.

If you have questions, we have answers, just call or text us at 613-897-6839.

Take care and stay safe

THE BEARDSLEY TEAM-WE HELP SENIORS SELL

Meet the team-Seniors https://youtu.be/uuo8Lp8kyyg

Our mission is to help seniors sell their home for the best price possible, in the shortest time possible and with the fewest hassles.

We are “Seniors Real Estate Specialists and this video is a quick introduction to how we work with seniors as well as information on our team.

Keith Beardsley, Real Estate Agent, Royal LePage Team Realty, 613-897-6839 http://www.BeardsleyTeam.ca We Help Seniors Sell, We Sell Country, Kemptville real estate agents, Winchester real estate agents, Russell real estate agents

THE MARKET SHIFTED!

Back in April I flagged for people that the market appeared to be getting ready to shift. A lot of folks didn’t believe me- including some agents. Well, the shift is now underway. So far, Ottawa has escaped the largest cuts, but the rest of the province has been hit hard.

For example, the once booming Toronto market saw sales drop 41% and prices drop 3% in June. Toronto prices are down 11% since February.

Ottawa is not as bad and while sales have declined, we have not yet seen the price drop as in Toronto. What we are seeing is more listing cancel, homes taking longer to sell, and a lot more price adjustments.

It is worth checking out the Ottawa video for the regional numbers and the individual videos for different communities. Some of the most popular towns have seen a significant drop in sales.

The good news is that well priced homes always sell but you have to do your homework so that your expectations are logical, and you have to have a good agent. The day when an agent could put a home up on MLS, sit back and have it sell in a couple of days are over. Pricing skills, marketing skills and negotiating skills are essential now.

Check out what I am saying. A link to our market statistics page is found HERE.

We also post these videos and other information on our Facebook pages “Beardsley Real Estate Team” and “Ottawa Country Homes and Lifestyles”. Please “LIKE” and follow those pages.

If you have questions, we have answers, just call or text us at 613-897-6839.

Take care and stay safe

Keith Beardsley, Sales Representative, Seniors Specialist, Seller Specialist with Royal LePage Team Realty. How can we help you today? Call or text 613-897-6839. We serve the many rural communities south of Ottawa. WE SELL COUNTRY! WE HELP SENIORS SELL!

Your home fails a home inspection, now what?

Video #11 on helping you to avoid costly selling mistakes when selling your home.

The full series can be found on http://www.beardsleyteam.ca or youtube.

View the video HERE

Keith Beardsley, Real estate Agent, Royal LePage Team Realty 613-897-6839. We Sell Country, We Help Seniors Sell, Kemptville Real Estate Agents, Russell Real Estate Agents, Osgoode Real Estate Agents, Winchester Real Estate Agents,

Avoiding Costly Selling Mistakes Part Ten

It is very easy to get all excited about how much you can make selling your home. But, do your research. Can you afford a home in the area that you want to move into?

Watch The Video HERE

Is It Time To Sell? Call 613-897-6839

WE SELL COUNTRY, Russell Real Estate Agents, Russell Homes For Sale, Kemptville Real Estate Agents, Kemptville Homes For Sale, Osgoode Real Estate Agents, Osgoode Homes For Sale, Winchester Real Estate Agents, Winchester Homes For Sale, Embrun Real Estate Agents, Embrun Homes For Sale, Seniors Specialists, Beardsley Real Estate Team Royal LePage, Royal LePage Metcalfe, Royal LePage Kemptville, WE HELP SENIORS SELL,

Part 8: Don’t Believe The Hype

PART 8 OF AVOIDING COSTLY SELLING MISTAKES By Keith Beardsley, Real Estate Agent, Royal LePage Team Realty.

The media is fixated on housing prices and if you believe what you hear you would think everyone was getting a $100,000 over asking price and dozens of offers. But are they?

Slow down don’t believe the hype and don’t assume the community you live in will show those same price increases.

Watch this video https://youtu.be/GqkE-fZhe9k

Client reviews on Google and www.BeardsleyTeam.ca. WE SELL COUNTRY.

Kemptville Real Estate Agent, Winchester Real Estate Agent, Russell Real Estate Agent, Embrun Real Estate Agent, Osgoode Real Estate Agent.

What Is Your Penalty?

What Is Your Penalty? Keith Beardsley returns with Part 7 of avoiding costly home selling mistakes.

This is an important question and it is often overlooked by sellers in the excitement of getting ready to sell.

Watch this video https://youtu.be/3HFeNq3Lm0Y

Watch the series to avoid common selling mistakes.

Keith Beardsley, Real Estate Agent, Seller Representative Specialist, Seniors Real Estate Specialist with Royal LePage Team Realty (Brokerage). Client reviews on Google and www.Beardsley Team.ca. WE SELL COUNTRY.

Kemptville Real Estate Agent, Winchester Real Estate agent, Russell Real Estate Agent, Osgoode Real Estate agent, Greely Real Estate Agent

AVOID COSTLY HOME SELLING MISTAKES PART SIX

This is Part Six of our video series which covers things to consider, things to do and questions to ask before putting your home on the market.

This series is designed to help a potential home seller to avoid costly mistakes that in some cases can cost you tens of thousands of dollars.

The videos are linked on a play list for easy watching.

In all there will be at least 10 videos. They are based on real life questions from sellers or on topics that arose when meeting with sellers.

Watch Part Six HERE

As always, if you have questions, call 613-897-6839.

Keith Beardsley, Real Estate Agent, Royal LePage Team Realty (Brokerage). How can we help you today? Call or text 613-897-6839. WHO YOU USE REALLY MATTERS! We Sell Country!

Russell Real Estate Agents, Russell Homes For Sale, Kemptville Real Estate Agents, Kemptville Homes For Sale, Osgoode Real Estate Agents, Osgoode Homes For Sale, Winchester Real Estate Agents, Winchester Homes For Sale, Beardsley Real Estate Team,