Good Day Folks:
We hope you are all well and staying safe. It is almost a year since we experienced the first lock down and contrary to everyone expectations, real estate sales have been steady with most months setting new records for prices and sales.
The Ottawa Boards February numbers are now out for February sales:
1390 sales compared to 1,134 sales in February 2020, an increase of 23 per cent.
February’s sales included 1,028 in the residential-property class, up 24 per cent from a year ago, and 362 in the condominium-property category, an increase of 19 per cent from February 2020.
February’s average sale price for a condominium-class property was $407,671, an increase of 17 per cent from last year, while the average sale price of a residential-class property was $717,914, an increase of 27 per cent from a year ago.
With year-to- date average sale prices at $701,778 for residential and $395,496 for condominiums, these values represent a 29 per cent and 15 percent increase over 2020, respectively.
We have seen first-hand how this market is performing with our most recent listing in Kemptville selling in two days, no conditions.
Once again, we are providing you with a monthly video market update for the several rural and semi-rural communities that we serve.
As far as I know, we are the only real estate agents updating people this way, but knowledge is power- we know our market and you have a much better understanding about what is happening out there. I strongly suggest you take a look at all of them, each one is about a minute long. It will give you an excellent idea as to how the market is performing in our area and the average prices will surprise you.
Click on the towns name to view the video
If you have any questions or want additional information on these towns or one not shown- just text or call us at 613-897-6839.
You can also “like” and follow our Facebook Page “Beardsley Real Estate Team where we post much more than real estate information. We post some fun items, lots on local businesses that need your support as well as recipes etc.
Take care and stay safe.
Brought to you by the Beardsley Team, Bev and Keith Beardsley, Sales Representatives and also “Seniors Real Estate Specialists” with Royal LePage Team Realty (Brokerage). How can we help you today? Call or text 613-897-6839. WE KNOW COUNTRY! We serve the many rural communities surrounding Ottawa. Check our client reviews on www.BeardsleyTeam.ca.