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August Stats are out!

The market numbers are out, and they reaffirm what we're experiencing with many property types. August was a very slow month, beyond the typical seasonal lull, with sales down nearly 25% year-over-year, despite the number of new listings remaining the same. All three segments were soft, and apartment-style condos have now entered buyer territory at 6.3 months of inventory. Unsurprisingly, apartments and townhomes were the weakest segments, given the new build incentives currently offered, as these properties represent the greatest new construction supply. It's very important to consider the overall market, but also remember that certain segments—and in particular, specific property locations and types—sell much differently than others. For example, Ottawa West Rural is much more active and competitive than Ottawa East Rural. Despite the slowness, certain property values have remained stable or even increased year-over-year. While making these crucial life decisions of buying or selling a home, it's best to seek the professional advice of a local realtor you trust with your best interests at heart.

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This one was several years in the making!

Watching the market, touring homes, and waiting for the perfect fit—patience, perseverance, and a positive mindset truly are the recipe for finding your dream home.

Good things really do come to those who wait! I couldn't be happier for my buyers.

They are a fantastic family, and I know they will spend the next several decades making unforgettable memories here—watching their kids grow from small boys, to teenagers, to young men, and eventually adults.

Welcome home!

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July Market Stats!

July was an interesting month. The trend of increasing supply has stopped, as fewer sellers are putting homes on the market; the number of listings in July is slightly down year/year. Given market conditions and specific property types, sellers are less incentivized to sell homes and those who don't need to sell may choose to keep that inventory off the market. The recent trend of single-family homes outperforming townhomes, and especially apartment-condos, has not changed - but overall sale metrics (listing to sales ratio, days on market, months of inventory, etc.) all remained in balanced territory (with certain neighborhoods outperforming over others). As always, it's important not only to find the right property that suits your needs within your budget but also to understand the particular nuances of the property you're buying or selling to negotiate the best terms.

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Sold!

Congrats to my seller on the sale of his beautiful country home! This one took a bit longer than we would have liked, but he's more than happy to move on to the next stage in his life, and also that his home found the right buyer to continue creating great memories.

I'd like to also make a shoutout to Mark Stegeman as the cooperating agent - total pro and class act!

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SOLD!

554 Labrador is no longer on the market! Congrats to my wonderful seller and just an amazing person, on the sale of her home. Wishing her nothing but the best as they move begin the next chapter in their lives.

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New Lease Listing!

Within hours, the phone has been ringing off the hook!  This beauty 2024 Tamarack home located in Findlay Creek has so much to offer and is the perfect place for a young family or couple looking to rent.

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Categories:   Ottawa Real Estate
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