Ottawa Real Estate News from Ron DeCaen April 2017   
  Real Estate News




Ron DeCaen
Sale Representative

Action Power Team Ltd. Brokerage
15-1420 Youville Drive
Ottawa, Ontario
613.797.9366 (cellular)
613.837.3800 (office/24/7 pager)
www.OttawaListings.com


 
It’s been a long time coming but spring is finally here so this month’s article takes a look at a few of the latest gardening trends that will be sprouting up!

There’s also some advice on what to do if you think your house may have a foundation problem as well as a few tips on how to give your home a good spring clean.

Thanks so much for checking out this month's newsletter.  Please get in touch if you have any questions or comments regarding the articles, or real estate in general -- it'd be great to hear from you!

Ron

In this issue...
Ottawa Real Estate Market Update 
The Ottawa March resale market goes out like a lion.

Members of the Ottawa Real Estate Board sold 1,485 residential properties in March through the Board’s Multiple Listing Service® System, compared with 1,160 in March 2016, an increase of 28 per cent.

The five-year average for March sales is 1,240.  “The busy spring selling season descended upon Ottawa early this year,” remarks Rick Eisert, President of the Ottawa Real Estate Board.

“Unit sales for March marked the second-best on record, only 13 units down from the record set in March 2010.  We’re also starting to see properties move faster, with the average cumulative days on market sitting at 82 days.  With all these positive numbers, it’s still important to emphasize that price and conditions vary from neighbourhood to neighbourhood.”
 
March’s sales included 314 in the condominium property class, and 1,171 in the residential property class.  The condominium property class includes any property, regardless of style (i.e. detached, semi-detached, apartment, townhouse, etc.) which is registered as a condominium, as well as properties which are co-operatives, life leases, and timeshares.  The residential property class includes all other residential properties.
 
“We’re seeing a lot more multiple offers than we’ve experienced in a while, mostly due to lower inventory levels,” says Eisert.  “The number of properties listed in March also experienced a decrease over last year, and is about 100 units shy of the five-year listing average for March.”
 
The average sale price of a residential-class property sold in March in the Ottawa area was $415,467, an increase of 5.3 per cent over March 2016.  The average sale price for a condominium-class property was $272,597, an increase of 5.3 per cent over March 2016.
 
“We’re seeing a trend since the beginning of the year, with 50 properties sold over $1 million in the first quarter of 2017, compared to only 22 in the first quarter of 2016,” explains Eisert.  “Again this month, a higher number of properties in the over $1 million price range were sold.  These gains were in both the residential and condominium property classes, with seven more residential units and four more condo units sold this year over last year.  These high-end property sales are taking place throughout the market with Rockcliffe Park, The Glebe, and Westboro leading the way.”
 
“The two most active price points in the residential market in March were the $300,000 to $399,999 and the $400,000 to $499,999 range, accounting for 53.7 per cent of the market.  Within the condo market, the most active price range was in the $150,000 to $249,999, accounting for 51.2 per cent of the market,” says Eisert.  “In addition to residential and condominium sales, OREB Members assisted clients with renting 639 properties since the beginning of the year.”

The Ottawa Children’s Festival 
Enjoy a variety of live performing arts from around the world.
 
The Ottawa Children’s Festival returns to LeBreton Flats Park between May 10th - 14th.

This annual event, which has been running since 1985, celebrates the very best in children’s live performing arts from around the world.

There will be a variety of fun and interactive activities for everyone to enjoy before and after the performances.  Art and activity zones, entertainers and hands-on explorations are just some of the interactive activities to look forward to.

The Ottawa Children’s Festival is not to be missed so bring along the entire family and enjoy crazy acrobatic stunts, playful theatre, unbelievable dance routines, incredible music and much more!

The Latest Garden & Landscaping Trends 
Get the dirt on this year’s latest and greatest gardening trends!

It’s the time of year when many of us start coming up with ideas on how to jazz up our outdoor space.  If you’re the type who can’t wait to get your hands dirty, here are a few ideas to inspire you:

  1. Natural Materials - Wood and rocks are popular gardening materials as people are moving towards a more organic and authentic look.

  2. Cozy Comfort - The Danish concept of Hygge is about creating comfortable gathering areas for friends and family such as pillow chairs that surround an outdoor fireplace.

  3. Grow Local - Sprawling lawns are being replaced with edible landscapes so homeowners can organically grow their own fruits, vegetables and herbs.

  4. eGardening - Smartphone apps make it easy to plan and grow your garden based on your climate zone.  They can even alert you if a cold snap’s coming so you can cover your plants.

  5. Gardening Gadgets - Robot grass mowers and customizable sprinkler systems that monitor the weather and adjust watering schedules are helpful for those who love lush lawns.

  6. Polly Plants - Create an inviting garden by planting bright, nectar rich flowers that will attract a variety of pollinators such as butterflies and hummingbirds.

Gardening is a great way to get outside and get in touch with mother nature so it’s no surprise in this ever-connected digital world that taking a break to work on our gardens is growing in popularity.  Regardless of whether or not you follow the latest trends this spring, here’s to digging in and getting your hands dirty!

Cracking Up is No Laughing Matter 
The foundation is the home’s most important structural component.

A serious foundation problem can quickly turn into an expensive nightmare.  Buyers realize this and won't purchase a home until it's been properly repaired or worse, they’ll simply walk away.

If you notice cracks, bowing or anything else that looks suspicious, you should have the foundation inspected by a qualified professional to determine just how serious the problem is.

Indications of possible foundation problems include uneven floors, windows/doors that are hard to open/shut and diagonal cracks on walls around the corners of doors and windows.  It's important to keep in mind though that many homes have cracks and defects which are purely cosmetic.

Foundation cracks are caused by hydrostatic pressure from water that soaks into the earth around the base of the home.  The foundation sinks as water spills out from the gutters and puddles around the perimeter putting pressure against the foundation which causes cracks that make the house settle more than it should.

If you're selling a home with a foundation problem, it’s usually best to get it fixed beforehand as a questionable foundation problem can often squash a sale.  If you don't plan on fixing the issue, at least get a few quotes so that you're able to show the approximate cost of repairs.

Spring New Life into Your Home 
It’s finally that time of year to refresh and reorganize your home!

Spring has sprung which means fresh scents, chirping birds and new life in the garden!  It's time to bring that spring fresh feeling into your home so open the windows, let the fresh air in and:

  • create a spring cleaning checklist
  • focus on only one room at a time
  • throw out all expired items
  • vacuum and rotate your mattresses
  • clean under the beds

With a clean, fresh home under your belt, you'll be all set to focus on cleaning up your outdoor furniture so that you can enjoy the summer months that are just around the corner!



PS Are you sick of scouring the paper and MLS sites looking for homes?  Tired of playing telephone tag with agents only to hear the home's already sold?  Sit back, relax and let me do the work for you!  Just visit my website and check off the features you're looking for.  Whenever a home matching your criteria hits the market, it'll be automatically flagged and emailed to you so you'll never have to worry about missing your dream home.

Not meant to solicit clients already under contract.