07 May Staying in Touch – May 2021
Hello Everyone, warmer weather is coming soon!
An early May update on the market. The market has been an adventure for all. The number of sales in Kanata over $1,000,000 is certainly impressive. The townhomes have a large portion of the market and have exceeded seller expectations. More homes are continuing to come to market and we are finding the right buyers for them.
Spring is a time of renewal and fresh starts and perhaps more than ever this year. As the leaves on the trees start to come out, covid-19 vaccines start to do their work, and the economy rebounds, we are starting to see more clients engaging us to begin a new home search and also clients considering changing their lifestyle and selling their home.
Many of our clients are starting to invest in real estate, apartments and townhomes. We are assisting with the purchase and rental of these investment properties. Getting into the housing market is facilitated by the current historically low mortgage rates. Key to investing is understanding your budget and financing options and being prepared when ready to make an offer. Please let us know if you have financing questions, we can also refer you to some excellent mortgage brokers.
On behalf of our clients, each month we are making a donation to support a local charity. This month we are continuing to support the Chyrsalis House. They are a much needed organization in our neighborhood and if you can we encourage you to support them. Click Here for more information on different ways to donate to the Chrysalis House Women’s Shelter
Please feel free to reach out to us if you have any questions about the housing market, would like an update on the market value of your home or neighborhood. We also have some great contacts for home improvements!
Market Update Year To Date – 2020
The April Resale Market Starts Strong and Sputters
“As the typical spring market ramped up, April was poised to be the strongest on record with over 3,200 new listings of properties for sale. Most of these properties entered the market before the province’s stricter lockdown order was announced midway through the month. At that point, the trajectory sputtered, and while it continued to be active, it followed a noticeable decline as Sellers responded to the government’s resolution to reduce the spread of Covid-19,” states Ottawa Real Estate Board President Debra Wright. “Nevertheless, the number of transactions managed to surpass unit sales recorded in previous Aprils, and we presume the figures would have been even higher in different circumstances,” she adds. Click here to read the full article. Source: The Ottawa Real Estate Board News Release – May 5, 2021
Present Market Value of Your Home
Curious about how your home’s neighborhood is being valued and your own home’s value? We would be happy to review with you the sales in your neighborhood, prepare a home evaluation and discuss how to price your home in the present market.
If you would like more market stats, see link below or contact us! https://www.joansmith.com/50-years-of-change-in-the-ottawa-market-may-2021/
69 Goldridge Drive – $819,000 – Beautiful home in Heritage Hills
Thinking of Making a Change to a Different Neighbourhood?
We recently helped several clients purchase their first homes, move-up properties and buy and lease investment properties throughout the greater Ottawa area
Some of the neighbourhoods:
We miss seeing you in person, and would enjoy a chat to catch up!
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Joan, Victoria & Luc