March Madness! Stats are in... and they're GOOD!

By: James Blaskie

March Madness! Stats are in... and they're GOOD!

Tags: Market Update, Ottawa, Real Estate, Statistics, REMAX, Homes Listed, Homes Sold

I don't even have to write anything here... the stats sheets says it all!  Sale Prices are UP  Average Time on Market in DOWN  This is fantastic for Sellers! We've waited a long time for this market.  But for buyers... it's a whole different story... Multiple Offers on properties  Lack of inventory  You know how they say... "April showers bring May...Read More

RE/MAX by the numbers

By: Josee Michaud

RE/MAX by the numbers

Tags: Ottawa, Real Estate, Market, Homes Sold, RE/MAX

The numbers are in! What a year 2017 was for RE/MAX Hallmark Agents across Ontario.  The graph says it all.  In 2017, Ottawa saw a shift in the market. It carried over into 2018 and we are currently sitting in a Seller's Market -- inventory is at a record breaking low. What does this mean? Lots of buyers and no homes to buy. When a property comes up, chances are it's not stayin...Read More

December Market Report

By: James Blaskie

December Market Report

Tags: Market Report, December, 2017

November Blues? Not in the real estate market… Members of the Ottawa Real Estate Board sold 1,239 residential properties in November through the Board’s Multiple Listing Service® System compared with 992 in November 2016, an increase of 24.9 per cent. The five-year average for November sales is 1,001. “November numbers are upholding the robust year we have been experiencin...Read More

July 2017 Stats Are in!

By: James Blaskie

July 2017 Stats Are in!

Tags: Real Estate, Ottawa, Market Update

Condo sales drive the Ottawa resale market in July Members of the Ottawa Real Estate Board sold 1,530 residential properties in July through the Board’s Multiple Listing Service® System, compared with 1,490 in July 2016, an increase of 2.7 per cent. The five-year average for July sales is 1,446. "The Ottawa resale market continued its steady pace into mid-summer, with condo sales ...Read More

By: James Blaskie

Tags: Condos, Ottawa, Real Estate, Market Update, Remax

Excess supply of condominium apartments on the new and resale markets Ottawa witnessed a condominium apartment construction boom in 2012 and 2013 with 2,317 and 2,336 units started in each of those years, which is over two times the average number of starts over the previous 10 years. This construction boom resulted in a surge in the number of completions over the 2014-2016 period. Weaker first-ti...Read More

February 2017 Stats Are In!

By: Josee Michaud

February 2017 Stats Are In!

Tags: Statistics, February, 2017, Housing Market, Ottawa

February Stats are in! As you can see in the picture... prices and inventory is going Up, Up, Up! Now is the time to sell!!! Buyers are itching to get into homes and want to buy so they can enjoy their summer in their new place! Whether you're thinking of selling or just curious as to what your home is worth... you can contact us any time! Check out our "What's Your Home Worth&...Read More

Spring Season Is Here!

By: Kristina Bothwell

Spring Season Is Here!

Tags: spring market

You know what that means! Buyers are looking for that perfect home while Sellers are getting ready to list it! Here's a few things that you may want to start working on... 1) Declutter, Declutter, Declutter... You're moving anyways, right?! Start packing everything that you won't be using in the next 1-3 months. Grab yourself a storage unit (if you can), maybe even one of the PODS an...Read More

The LATEST Market Statistics!

By: James Blaskie

The LATEST Market Statistics!

Tags: Ottawa, Homes in Ottawa, House Prices, Sales, Market Statistics

Who doesn't love numbers and graphs?! Here's a summary of what happened last month... Overall Unit Sales - Total Unit Sales of residential properties through MLS in January 2017 was 667 units - This is an increase of 11.5% over January 2016 (598 units in January 2016) - This Total is broken into into: 548 residential units and 119 condo units Sales Prices of Residential Properties:...Read More

Why bring an Agent to a New Home Builder?

By: James Blaskie

Why bring an Agent to a New Home Builder?

Tags: New Build, Home Builders, Reasons to bring an agent, Ottawa, For Sale, Quality Homes Team Tips

  Why Bring An Agent To A Home Builder? We find that the Builders run their purchasers through the process as quickly as possible. When working in the re-sale market, it is important to know the needs and wants of our clients. The New Home Sales Reps are worried a little more about numbers. Here are some things to consider... 1) Location -- It's imperative that you don't end u...Read More

It's our FIRST Blog post!

By: Josée Michaud

It's our FIRST Blog post!

Tags:

Contest, Quality Homes Team, Homes in Ottawa, Buy a Home, Sell a Home, Home Buyer, Home Seller, QHT

Welcome to our very first blog post! What better way to kick off then by telling you all about one of our BIGGEST contests!? The Quality Homes Team decided 2017 was the year to spoil ONE of our dear clients with a $2,000 travel voucher through Transat Travel.   Now at this point you're probably asking yourself how in the world can YOU be the lucky winner of a dream getaway.  &nb...Read More