Ottawa Real Estate News from Ron DeCaen May 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


 
Buyers will often drive by a home before deciding whether or not it’s worth taking a look at the inside.  This month’s article offers some great ideas on how to enhance your home's curb appeal.

There are also some ideas on how to encourage your kids to step away from their screens as well as the importance of having your air conditioner serviced on a regular basis.

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...
The Ottawa Real Estate Market Report 
Spring conditions produce a blossoming resale market.

Members of the Ottawa Real Estate Board sold 1,795 residential properties in April through the Board’s Multiple Listing Service® System, compared with 1,711 in April 2016, an increase of 4.9 per cent.  The five-year average for April sales is 1,613.

“The April resale market continued its upward trend in units sold, just shy of a record set in 2010,” says Rick Eisert, President of the Ottawa Real Estate Board.

“Sales activity is indicating a trend towards a seller’s market.  Lower inventory, combined with increased demand, is creating many more multiple offer situations and quicker moving properties, with the average cumulative days on market dipping to just 71 days.”
 
April’s sales included 312 in the condominium property class, and 1,483 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 continue to see a trend in the amount of high-end units selling,” reports Eisert.  “Properties selling for $500,000 and up have increased over last year, and even more significantly in the over $1 million market, which doubled in sales over April 2016.  Since the beginning of the year 83 properties over $1 million switched hands, compared to only 38 in the same time-frame last year.

The increase in sales for high-end properties may be fueled by a combination of the migration of buyers from Toronto and move-up buyers.  Another contributing factor is that many, generally well paying, jobs are opening up in the high-tech sector, driving more people into the Ottawa market.”
 
The average sale price of a residential-class property sold in April in the Ottawa area was $435,883, an increase of 7.9 per cent over April 2016.  The average sale price for a condominium-class property was $268,553, an increase of 2.9 per cent over April 2016.
 
“The two most active price points in the residential market continue to be the $300,000 to $399,999 followed by the $400,000 to $499,999 range, combined accounting for 55.1 per cent of the market.  Within the condo market, the most active price point was between $150,000 and $249,999, accounting for 53.8 per cent of the market,” says Eisert.  “In addition to residential and condominium sales, OREB Members assisted clients with renting 865 properties since the beginning of the year.”

Doors Open Ottawa 
Now’s your chance to snoop around some of Ottawa’s most amazing buildings!

Over 100 of Ottawa’s historically, culturally and functionally significant buildings will open their doors to the public as part of Doors Open Ottawa on June 3rd - June 4th.

Celebrating its 16th anniversary, Doors Open Ottawa is the second-largest Doors Open event in North America.

Some of buildings that will be featured include Earnscliffe, the Royal Canadian Mint, the National Gallery of Canada and the Connaught Building.

Doors Open Ottawa is the perfect way to discover how Canada’s capital has become the beautiful city it is today and it’s also a great way to get into the spirit for Canada’s upcoming 150th birthday!  Oh, and did we mention there’s no charge for this event.  Hope to see you there!

Cashing In On Curb Appeal 
A few small changes will transform your home’s first impression!

The key to getting top dollar for your home is to create huge demand.  In order to get as many people through the door as possible, your home has to stand out from the competition.
 
There's no need to completely overhaul your home's exterior as it's often the small details that increase the visual appeal of a property.  Here are a few ideas that will enhance your home's curb appeal:

  1. Light It Up - Solar lights will add a welcoming glow and dramatically highlight your home’s exterior.

  2. Perfect Porch - A well-lit porch with a few comfortable chairs and a couple of hanging baskets will set a tranquil tone.

  3. Peeling Paint - You want buyers to see that your home is well cared for so paint or power wash the exterior and clean all the windows.

  4. Accessorize - Replace outdated fixtures such as your mailbox, door handle and porch light and make sure your house numbers are attractive and visible from the street.

  5. Landscaping - Cut the grass and trim the hedges.  Well-kept flower beds show pride of ownership and a few large pots full of bright flowers will accentuate the entranceway.

  6. De-clutter - An uncluttered exterior is as important as an uncluttered interior so put away tools, toys, bikes, pet toys and gardening equipment.

  7. Watch Your Back - When buyers drive by your home, they’ll usually try and get a glimpse of the backyard so make sure it also gets top notch treatment!

Just as people judge a book by its cover, buyers make assumptions about the interior of your home based on how the outside looks.  It's therefore important to make a great first impression starting with the curb.  Your efforts will significantly increase the chances of your home selling quickly and for top dollar!

Unplugging Kids from Technology 
It just takes a little planning to curb the addiction to screens.

Children rely on technology more than ever resulting in less exercise and a lack of creativity.  Here are a few “old school” activities to help them disconnect from their devices:

  1. Personal Puzzles - Cut an old photograph into various pieces and then see how quickly they can put it back together.

  2. Build a Fort - Drape blankets over chairs to create a cool fort.  Once they're comfortable in their new abode, drop by with some “fort warming” snacks.

  3. And... Action! - Putting on a play is a great way to exercise a child's imagination.  They can take turns writing, acting, designing costumes and even filming.

  4. Egg & Spoon Race - Give your children an egg and spoon and see how quickly they can cross the finish line without dropping it.  This old-fashioned game will get them active and outside!

  5. Caching In - Geocaching is a real-world, outdoor treasure hunting game!  Register online and then set off to find the hidden cache with the help of a GPS.

Kids love being tourists in their own cities so take some time to regularly plan fun family outings that don’t involve technology.  If we make the effort to disconnect once in a while, our kids will be more likely to do the same.

Donít Get Left Out in the Heat 
If your A/C is going to fail, it’s certain to happen during a heat wave!

If your air conditioning fails on a hot day you could be stuck inside roasting for days until a technician’s able to come out, and when they do, the repair cost may make your blood boil!
 
A neglected air conditioner isn't efficient or reliable so it's important to have it serviced regularly.  The service check will include cleaning the unit coils, checking the amp draw of the compressor, adjusting the belts and topping up the fluid.
 
Regularly servicing your air conditioner will prevent wear and tear plus it will increase the efficiency of your unit which in turn will reduce your electricity bills.  Don't leave it until it’s too late.  Schedule your check-up today so you can avoid being left out in the heat.



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.