Ottawa Real Estate News from Ron DeCaen September 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


 
Negotiating skills are useful for just about any situation but there are certain scenarios that may require a professional.  This month’s main article discusses the importance of strong negotiating skills.
 
There are also some strategies to help your kids settle into a new school as well as a few apps to help you manage your stress levels.

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 
A record-breaking year to date for Ottawa resales!

Members of the Ottawa Real Estate Board sold 1,484 residential properties in August through the Board’s Multiple Listing Service® System, compared with 1,276 in August 2015, an increase of 16.3 per cent.

The five-year average for August sales is 1,265.  “To date, this has been a record-breaking year for units sold,” says Shane Silva, President of the Ottawa Real Estate Board.

“The year started off a little sluggish, but as soon as April hit we were either breaking records, or outpacing the year before considerably.  Not only are we up 16.3 per cent over last year, this has also been the best August on record ever for OREB Members, blowing the average for August sales out of the water.  This is a-typical of August when units sold normally start to decline approaching the fall.”

“Units listed in both residential and condominium property classes continue to decline, as well as active listings at end of the month,” says Silva.  “These numbers suggest that buyers have less options when looking to purchase, with the potential of entering into a seller’s market soon.”

August’s sales included 295 in the condominium property class, and 1,189 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.

“Average sale prices have been keeping steady all year,” says Silva.  “This past month, however, there were six more properties sold in the $1 million plus range over last year, a possible explanation for the bump in average sales price for both condo and residential properties.”

The average sale price of a residential-class property sold in August in the Ottawa area was $389,786 an increase of 2.5 per cent over August 2015.  The average sale price for a condominium-class property was $272,166, an increase of 11.1 per cent over August 2015.

“The hottest segments in our market for August continued 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 almost 2,200 properties since the beginning of the year.”

Mark Your Calendar for the Metcalfe Fair 
Rural tradition meets modern family entertainment at the Metcalfe Fair!

The Metcalfe Fair, which has been held every year since 1856, is one of the premier agricultural exhibitions in Ontario!

This fun-filled event is held on 24 acres of land on the outskirts of town at 2821 8th Line Road in Metcalfe which is just south of Ottawa.

2016 marks the 160th anniversary of this fun-filled Fall tradition.  This year, the Metcalfe Fair will be held between Thursday, September 29th and Sunday, October 2nd so mark your calendars!

There are lots of family friendly activities including the 4-H regional championship show, livestock and horse shows, demolition derbies, live entertainment, the midway and much more.  There really is something for everyone so don’t miss it!

The Importance of Strong Negotiating Skills 
Strong negotiation skills aren’t just for business transactions.

You often don’t realize you’re using them but whether you're renting a car, asking for a raise or trying to get your kids to clean up their room, strong negotiating skills are essential.
 
Negotiating is a life skill that can be easily learned and eventually perfected.  Your success is partly based on how well you're prepared so it’s important to do your homework.

Also, never make assumptions but instead ask questions and listen to the other party’s perspective in order to gain their trust and to gather valuable information that may come in handy later.
 
There are certain scenarios where it’s best to use a third party negotiator.  The home buying/selling process can be very complex.  In order to successfully negotiate, you need to understand local market conditions but you also need to be able to identify specific psychological aspects in order to work around certain fears and motivations and turn them into advantages.

Even if you consider yourself the world’s greatest negotiator, emotions can often tear things apart.  If you negotiate with someone directly in such an emotionally charged situation as selling a home, chances are that negative personal feelings will get in the way.  It's hard to recover once that happens and oftentimes, the home of your dreams will be lost due to ego, pride or principle.
 
Emotions run very high when it comes to buying or selling a home which is why it's important to have a real estate agent represent you as a third party negotiator.  Professionals are able to see things through to the end by remaining calm and not letting their emotions get in the way.  If you're thinking about making a move, please get in touch so that we can discuss your options.

Helping Your Kids Adjust to a New School 
Starting fresh at a new school can sometimes be a challenge.

Switching to a new school can cause children considerable stress and anxiety.  If your child has just started at a new school, the following tips will help them settle in:

  1. Be Positive - Discuss your children's fears while encouraging a confident approach to making new friends

  2. Fear Not - Chances are you'll be a little nervous too.  Be careful not to transfer your anxieties over to them.

  3. Join Up - Encourage your children to join school clubs/teams and participate in after-school activities in order to meet new friends and have fun.

  4. Join In - Parent teacher groups are a great way for you to connect with the school community.  Attending field trips is another great way to get involved!

Moving to a new school can be a difficult transition so try to emphasize the positive when discussing the challenges and opportunities your children face.  By encouraging them to share their feelings with you, it'll be much easier for them to adjust to their new surroundings.

A Few Apps to Help You Keep Your Cool 
So many emotional and physical illnesses are related to stress.

Instead of being the source of your stress, your smartphone can actually help you relax with some great apps designed to relieve stress and anxiety.

Meditation is a huge stress reliever and apps such as Headspace are great at helping to guide you through the process.

Being grateful also reduces stress and increases happiness.  There are various apps like Grateful Journal to help you record your moments each day.

Finally, exercise is a great stress reliever but it can be hard to find the time.  Apps such as the 7 Minute Workout contain bodyweight resistant exercises including squats and push-ups to pump up your endorphins and help you feel great!



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.