Good morning Ottawa!
I hope everyone is back on track after the holidays, with new resolutions and new goals for 2014!
Now, let’s talk about real estate. For anyone considering buying or selling a home this year, here is a quick overview on where we’re at with Ottawa real estate over the past year. In 2013, you may have heard talk of the ‘market crashing’ and ‘nothing’s selling’. And there is no question that certain markets were slower, with some inventory sitting longer, and some prices dropping (in particular, condo sales seemed to struggle). However, as a whole, Ottawa’s prices still held on fairly well, with slight overall growth.
– The total number of homes sold through the Board’s MLS® system in 2013 was 13,873, compared with 14,326 in 2012, a decrease of 3.2 per cent. The average sale price for residential properties, including condominiums, sold in 2013 was $357,348, an increase of 1.6 per cent over 2012.”
“Although the govt succeeded in its plan to “cool down” the market, Ottawa remains steady and balanced…we are truly fortunate to live and work in such a stable market area,” said the president of the Ottawa Real Estate Board, Ray Oickle.
There you have it. As for 2014, Re/Max forecasts that the “value of an average Canadian home [price] is forecast to escalate 3% in 2014”. Bare in mind, that that is a national average, and sub-markets will tend to see varied results. Please contact me if you’d like to get into more specific details.
And for anyone still undecided on what their resolutions are for this year, you may find some inspiration from these successful enterpreneurs:
http://www.entrepreneur.com/slideshow/230571#0
Now let’s make 2014 the best year yet!!
Chris Steeves
Sales Representative.Keller Williams Ottawa
office: 613-236-5959
office: 613-236-5959
fax: 613-369-6013
cel: 613-262-1697