Ottawa Real Estate News from Ron DeCaen October 2014   
  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)

Setting your price is one of the most important decisions you’ll have to make when selling your home.  Our first article discusses a service that estimates your home’s current market value.

There’s also some advice on how to keep your furnace in tip-top shape as well as a simple trick that’ll save you from incurring unnecessary data charges when you’re on Facebook.

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!


In this issue...
Steady as She Goes for September Real Estate Sales in Ottawa 
Members of the Ottawa Real Estate Board sold 1,133 residential properties in September through the Board’s Multiple Listing Service® system, compared with 1,118 in September 2013, an increase of 1.3 per cent.  The five-year average for September sales is 1,103.

“Our community is fortunate to enjoy one of the most stable real estate markets in Canada,” says Randy Oickle, President of the Ottawa Real Estate Board.

“This is evidenced by the fact that the units sold and the average sale price in August and September has stayed within a few percentage points from the year before.  We are also right on par with sales and average sales price year-to-date compared with 2013.”

September’s sales included 232 in the condominium property class, and 901 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 average sale price of residential properties, including condominiums, sold in September in the Ottawa area was $356,915, an increase of three per cent over September 2013.  The average sale price for a condominium-class property was $254,036, a decrease of 1.2 per cent over September 2013.  The average sale price of a residential-class property was $383,406, an increase of 3.2 per cent over September 2013.

“The $300,000 to $399,999 price range continues to have the highest concentration of properties sold, followed by the $500,000 to $749,999 range, which is closely followed by the $275,000 to $299,999 price range,” explains Oickle.  “Condos performed better in September than in August, which could be a contributing factor in the latter price range having a higher concentration of properties sold than in the past.”

Receive an Evaluation...On the House 
Your home's a huge asset so you need to keep tabs on its value.

A comparative market analysis (CMA) is a report that estimates your home's value by comparing it to similar properties that have recently sold.
 Online home evaluations are quick and easy but they aren't very accurate as they don't take the finer details into account.  It's better to have an agent do a quick walkthrough so they can see your home firsthand.
 The CMA report, which is usually complimentary and comes with no obligation, is essential to setting a competitive asking price.  The right price is crucial to achieving a successful sale and is also helpful during negotiations as concrete facts will help justify your asking price.
In addition to homes that have recently sold in your area, your agent will research current homes on the market as well as homes that didn’t sell.  It’s important to compare homes that are similar in style, square footage, etc. and to adjust for factors such as finished basements, double car garages and overall condition.
You don’t have to necessarily be ready to sell your home to receive a CMA.  If you’re thinking about renovating your home for instance, your agent can provide you with an idea of how much value certain renovations will add to your home so that you can confidently move forward knowing the facts.

Please get in touch if you’re interested in a CMA to help give you a better idea of what your home’s currently worth. This will in turn help you get top dollar should you decide to sell as incorrectly pricing your home is a mistake that could end up costing you thousands of dollars and months of frustration.

Furnace Tune Ups Not Just a Bunch of Hot Air 
Check your furnace now to save on costly repair bills in the future!

When we're poking around in the basement, we usually pass the furnace without giving it a second thought -- until the weather changes and it’s time to fire it up!

The last thing you want is your heat failing on the coldest night of the year when service calls cost a fortune.  Here are some tips that’ll keep you warm and cozy:

  1. All Clear - Keep the area around the furnace clear of dust and obstructions and never store any kind of flammable material nearby.

  2. Go Pro - An annual check-up by a licensed technician who inspects the motor, fan, burner, heat exchanger and thermostat will help you avoid costly repairs.

  3. Second Glance - Give it a visual inspection from time to time and make sure you clean or replace filters regularly as dirty air filters block air flow causing the system to work overtime.

  4. Seal & Save - In addition to furnace maintenance, seal up air leaks with caulk or weather strips and always open your drapes on sunny days and close them at night to keep the heat in.

Regular furnace maintenance will increase efficiency, reduce energy use and prevent general wear and tear.  Having your furnace serviced on a regular basis is an investment rather than an expense as it'll help you avoid having to deal with massive, unexpected repairs down the road.

Beware of Facebook Video Autoplay 
Have you been racking up excessive data charges lately?

Facebook’s default video autoplay function could cause you to incur extra data charges when you accidently hover over videos in your newsfeed.  Here’s how to turn it off:

  1. iPhone:  Phone Settings -> Facebook -> Settings -> Video

  2. Android:  Facebook Settings -> App Settings -> Video Auto-play

  3. Computer:  Facebook Settings -> Videos -> Auto-Play Videos

Facebook is taking advantage of video’s rapid rise by selling video ads and the more they’re viewed, the more money they make.  It’s therefore important for you to always keep an eye on your settings.

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. This service is free and there's no obligation! Click here to get started.

Not meant to solicit clients already under contract.