Ottawa Real Estate News from Ron DeCaen November 2016   
  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


 
Selling your home during the holidays requires an extra special approach.  This month’s feature article discusses how to properly stage your home so it appears elegant and spacious during the holiday season.

There is also a unique project that will help you preserve your special fmaily memories as well as a tasty party appetizer that will WOW your holiday guests!

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 
Condo sales lead the way to best October on record!

Members of the Ottawa Real Estate Board sold 1,214 residential properties in October through the Board’s Multiple Listing Service® System, compared with 1,159 in October 2015, an increase of 4.7 per cent.  The five-year average for October sales is 1,130.

“October’s sales continued the record-breaking resale trend for the third straight month,” says Shane Silva, President of the Ottawa Real Estate Board.

“While residential sales are identical to that of October 2015, condominium sales have soared – up by 27.2 per cent over last year.  Lower inventory levels, combined with adjusting prices, may be creating these higher than normal activity levels in the condo property class.”

October’s sales included 257 in the condominium property class, and 957 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.

“The new mortgage rules announced at the beginning of October have yet to have an effect on the Ottawa market, as the announcement only came two weeks prior to implementation,” says Silva.  “It’s too early to tell what kind of impact the new mortgage rules will have on the Ottawa market going forward.  We know that right now Ottawa continues to be a desirable city to live and work, and consumer confidence and job growth remain positive.”

The average sale price of a residential-class property sold in October in the Ottawa area was $392,579 an increase of 3.3 per cent over October 2015.  The average sale price for a condominium-class property was $251,465, an increase of .01 per cent over October 2015.
 
“The hottest segments in our market for October continue to be two-storey and bungalow residential homes in the $300,000 to $400,000 price range, followed by one-level and two-storey condos in the $200,000 to $300,000 price range” says Silva.  “In addition to residential and condominium sales, OREB Members have assisted clients with renting over 2,700 properties since the beginning of the year.”

Ottawa's Christmas Lights Across Canada 
Christmas Lights Across Canada is coming to town!

Hundreds of thousands of colourful lights will illuminate Ottawa’s winter landscape this year from December 7th, 2016 to January 7th, 2017 to help everyone get into the Christmas spirit!

Christmas Lights Across Canada was launched in 1985 as a way to liven up the darkest of winter days and it now extends from Ottawa to all of the provincial and territorial capitals across Canada.

Over 400,000 dazzling Christmas lights glow throughout downtown Ottawa.  Parliament Hill is a must-see as it alone has tens of thousands of bulbs that light up its various historic buildings.

Ottawa’s Christmas Lights Across Canada is definitely a magical event that the entire family will enjoy so mark your calendar now!  Ho Ho Hope to see you there!

Ho Ho Home Staging for the Holidays 
It’s important to carefully stage your home during the holidays.

Decorating your home for the holidays is a festive tradition but it’s important that buyers are still able to imagine themselves living there.  Here are a few seasonal staging tips to keep in mind:

  1. Curb Appeal Counts - A few lights and a tasteful wreath on the front door will elegantly accent your home.  Remember to also display some photos of what you yard looks like during the summer months.

  2. First Impressions - Hallways are usually quite cramped and dark so remove any unnecessary items, ensure you have adequate lighting and keep decorations to a minimum.

  3. Deck the Halls (a little) - Too many decorations will make your home appear small and cluttered.  Also, never decorate over architectural selling features.

  4. Bows & Bells - Put away wrapping paper, tape, ribbons, etc. before showings but don’t just stuff them in your closets as buyers usually peek in cupboards to see how spacious they are.

  5. Holiday Cheer - Seasonal treats such as hot apple cider and holiday cookies will give your home a welcoming feel.  It may even encourage buyers to stick around a little longer!

Although there are fewer buyers during the holiday season, they're usually more serious plus there aren’t as many listings to compete with.  Your home will show beautifully if you use decorations to draw attention to its best features.  Just keep the decorations to a minimum so buyers aren’t overwhelmed, distracted or turned off.

Preserve the Past with a Family Time Capsule 
Wouldn’t it be amazing to be able to step back in time!

It’s truly remarkable how time flies but it’s also sad how many precious family memories fade as the years go by.  There is a way to turn back the clock though!

Preserving family artifacts in a “time capsule” is a fun and easy way to relive the past!  Here’s all you need to do:

  1. Choose a Capsule - A simple box decorated by your children is a great choice as it keeps them involved.

  2. Choose Your Treasure - Add items such as photos, trinkets, school papers or stuffed toys and mark dates/descriptions so you’ll be able to easily identify them.

  3. Choose Your Spot - Once you’ve filled the capsule, seal it tightly with thick plastic and decide where and for how long you’re going to stash it.

This project is a simple, unique and effective way of preserving the past.  Don't put it off though -- the key to seeing the past in the future is to start today!  There are endless ways to make a family time capsule but the most important thing is to just have fun.

Roasted Garlic Buds and Brie 
Simple appetizers are the way to go during the busy holiday season.

It's not always easy to impress holiday guests but the delicate, mellow taste of roasted garlic paired with creamy Brie is sure to be a huge hit.  Here’s what you’ll need:

  • 2 whole garlic bulbs
  • 2 tsps olive oil
  • 1 round of Brie cheese
  • red pepper jelly
  • crackers

Slice the tops off the garlic bulbs and drizzle them with olive oil.  Then wrap the bulbs in foil, place on a baking sheet and bake at 375°F for 45 minutes.

While the garlic is baking, slice the thin rind off the top of the Brie and add to the oven for the last 15 minutes.  When it’s done, transfer the Brie and garlic bulbs to a platter and serve with crackers and red pepper jelly.  Enjoy!



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.