Ottawa Real Estate Prices
Except for a slight down turn from ‘94 to ‘96, the Ottawa real estate market has shown an increase in prices every year as far back has 1970 - as per ‘multiple listing service’ data. The average home owner has also seen the price of his property increase by over 58% in the last 3 years, going from $407,571 in 2018 to $645,976 in 2021 (12 month average). 2021 was a remarkable year showing an increase of 22% over 2020. Prices are for residential properties, including condominiums. These statistics look very encouraging but it should be noted that history is no guarantee of future performance. If you have any questions about this data or any other real estate questions, please give me a call.
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Whether you are buying or selling a home, you will be treated like my closest friend or relative which includes, among other things, letting you know what I feel you may need to know which at times may not always be what you want to hear. It's just the right thing to do. Please contact me at anytime as I'd be happy to assist and guide you with this exciting important decision.
In today's competitive real estate market, timing is everything. Many good homes are sold before they are ever advertised. Beat other homebuyers to the hottest new homes for sale in Ottawa with my New Listings Notification.
If you own real estate that you're thinking of selling, I would be happy to provide you with a FREE Home Evaluation.
In addition, if you have any general questions about buying or selling real estate in Ottawa, please contact me as I'm more than willing to help.
Please browse my website for listings, reports and important local real estate information. Sincerely, John Head, Realtor Coldwell Banker First Ottawa Realty Brokerage
Be careful of the asterisk (*) when reading advertising ads. It usually has something to the effect "* some conditions apply". The conditions which apply can be whatever the advertiser chooses and can easily minimize the ad to little more than empty words. When you see ads similar to " * . . . or I will buy your home"; Who wouldn’t buy your home? Wouldn't it depend on how much? $1? $100,000? Who gets to decide? What happens if both sides can’t agree on a price? Is there any extra fees in addition to the typical real estate fees (which is?) if the agent doesn’t sell your home? Will the real estate agent put himself in a position where he can lose if your property does not sell and he has to buy your home? In most situations you would probably be better off lowering your price so that your home does sell. After all, the market will determine what your home will sell for. Just make sure your property is well presented and properly exposed to the market, such as the MLS and other avenues. Things that sound good at first glance or appear too good to be true are probably just that. Sometimes a little reality check is in order.
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