Ottawa Real Estate News from Ian Campbell February 2019   

 
Strong communication between you and your agent will help ensure you receive a top-notch real estate experience. This month’s article shares a few tips on how to get the most out of your real estate agent.

There are also a few tips on how to make this the best year ever by stepping outside of your comfort zone, as well as some simple yet effective travel packing hacks!

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!

Regards
Ian Campbell

In this issue...
Ottawa Real Estate Market Update 
Ottawa home sales up from same time last year.

Members of the Ottawa Real Estate Board sold 820 residential properties in January through the Board’s Multiple Listing Service® System, compared with 708 in January 2018, an increase of 15.8 per cent.

January’s sales included 611 in the residential property class, a rise of 14.2 per cent from a year ago, and 209 in the condominium property class, an increase of 20.8 per cent from January 2018. The five-year average for January sales is 683.4.

“January is typically one of the slowest months of the year for local real estate. Yet, in spite of the record cold and snowfall, unit sales are up almost 16%. This is the highest number of January transactions we have experienced in decades,” states Ottawa Real Estate Board’s 2019 President, Dwight Delahunt.

“Buyers are extremely motivated, despite the weather, and properties are moving very quickly as days on market continue to decline,” he adds. “If you’re thinking of selling, you don’t have to wait for spring. A REALTOR® is in the best position to assist in this active market where buyers are waiting for the opportunity.”

The average sale price of a residential-class property sold in January in the Ottawa area was $432,829, an increase of 1.5 per cent over January 2018. The average sale price for a condominium-class property was $283,990, an increase of 7.7 per cent from this month last year.

“Even though inventory is at its lowest level in years, Ottawa’s home prices reflect reasonable appreciation. New builds are helping prices remain stable with homebuilders adding enough supply to keep the market equitable. We don’t have the supply constraints of Toronto and Vancouver because we have serviceable lots within a 20-minute drive,” Delahunt points out.

“Similar to the fact that you don’t need to own a BMW to get where you want to go, some of the more expensive neighbourhoods in the city are a lifestyle choice. The fact is there is quality affordable housing available for almost every level of homebuyer in Ottawa.”

The $300,000 to $449,999 range continued to represent the most active price point in the residential market, accounting for nearly 42.5 per cent of January’s sales while 22.7 per cent of sales were in the $500,000 to $750,000 price range. Between $175,000 to $274,999 remained the most prevalent price point in the condominium market, accounting for 54.1 per cent of the units sold.

When asked what he forecasts for the upcoming year, Delahunt speculates, “Based on last month’s sales, I’d say we go with Wiarton Willie’s prediction – it will likely be an early spring for the real estate market as well.”

The Ottawa Home & Garden Show 
Get a head start on your springtime gardening and renovation plans!

The Ottawa Home & Garden Show is coming to town which means that spring is just around the corner!

This show is the perfect opportunity to find out what's hot in home renovation, decoration, landscaping and outdoor living.

You can also get a head start on planning your spring projects and meet the professional designers, staging experts and local suppliers who can help point you in the right direction.

The Ottawa Home and Garden Show will be held between Thursday, March 21st and Sunday, March 24th at the EY Centre which is located at 4899 Uplands Drive.

You’ll find lots of fresh inspiration, helpful tips, innovative products and fantastic deals. There’s a cost for the show but if you purchase your tickets online, you’ll receive a bit of a discount. Hope to see you there!

How to Get the Most Out of Your Agent 
Teamwork makes the dream work when you’re out house hunting!

The relationship between you and your real estate agent should always be productive and honest which is why having an open line of communication is absolutely critical to ensuring a win-win partnership!

Once you’ve discussed and agreed on your agency relationship, it’s time to start working on ways to communicate effectively. Communication is a two-way street, so both parties need to be open and honest at the outset.

Start with the basics by discussing your contact preferences. For instance, specify whether or not you can be contacted at work should your dream home suddenly hit the market. Clarifying these details ahead of time will result in fewer miscommunications down the road.

Also, be clear on which features are essential for your new home. Ranking your priorities will help your agent conduct a more efficient search. However, always try to keep an open mind as it can sometimes be a good idea to “look outside the box” and view homes that don’t entirely match your criteria.

If you're selling your home, make sure you discuss any issues that could either help or hinder the sale. Agents can offer great advice on staging so show them everything no matter how insignificant. For instance, that tiny crawl space you weren't even thinking of mentioning could be marketed as a unique selling feature!

Finally, let your real estate agent know if your needs change and don't ever hesitate to ask questions. If for whatever reason you're not completely satisfied with the way things are going, be completely honest so you can resolve the problem straight away before any hasty decisions are made.

The key to any successful relationship is communication, and the partnership between you and your agent is one that will hopefully continue long after you’ve landed your dream home. That said, please don’t ever hesitate to get in touch with any real estate related questions you may have.

Jump Outside Your Comfort Zone 
If we don’t leave our comfort zone, we’ll never realize our full potential.

If you want to make 2019 your best year ever, you’ll need to dive (or at least step) outside of your comfort zone. Here are a few ideas to help get you started:

  1. Risk vs. Reward - Fear keeps us safe, but it also limits our potential. Make it a habit to take a risk every day as it will challenge your brain and allow you to move forward in exciting new ways!

  2. Just Do It - Tackle a "to-do" you've been putting off by taking small, steady steps. Your newfound confidence will then make it easier for you to achieve other goals.

  3. New You - Take up an activity that excites yet scares you. It can be something thrilling like rock climbing or perhaps enrolling in a new class that pushes you outside of your comfort zone.

  4. Visualize Success - We tend to obsess over potential problems that come along with trying new activities. Instead, focus on the positive aspects and how amazing you’ll feel when things go smoothly!

When you step outside of your comfort zone, exciting changes will start to happen. If you replace negative, fearful thoughts with positive ones, you'll begin to naturally expand what you feel comfortable with, which will continuously fuel your personal growth!

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“The cave you fear to enter holds the treasure you seek.” - Joseph Campbell

Space Saving Packing Hacks 
These packing hacks will help you make more space in your case!

Packing always seems like a chore as fitting everything you need into a suitcase can be a real challenge! Here are a few tips to help you make the most of your case.

First off, divide and conquer your suitcase with the help of a few packing cubes as they’re great for organizing and maximizing space.

Also, stuff socks and other small items inside your shoes and roll up clothes rather than folding them. A sunglasses case is great for storing charging cords or earbuds while pill bottles are perfect for storing tiny items like earrings or sim cards.

Finally, your suitcase will likely receive a fair amount of roughhousing so place a strip of plastic wrap under the cap of your lotions before sealing them up in Ziploc bags to protect other items from getting ruined. Hopefully, these tips will help you maximize space and become a pro packer. Happy travels!



PS As a thank you for referring me to a friend or family memeber that either Buys or Sells through me you will receive $ 500.00 cash.

 
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.