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Good morning all,
I hope that your holiday season is off to a wonderful start and that you will all be enjoying some well deserved rest and relaxation with loved ones over the coming weeks!
As for me, I got away for a little pre-winter vacation last week (queue photo of the month!) and am having a hard time remembering what time of year it is! Usually if I have a trip south it comes near the end of winter, so I keep having to remind myself that I have some Christmas shopping to do for those loved ones I mentioned... eek.
In this edition of the monthly market snapshot:
- As always, we'll take a look back at the past month of stats in the Ottawa real estate market.
- I have a new exclusive listing to share with you this month!
- In case you missed it, I have not one, but two beautiful listings waiting for their buyer to come along... could it be you!? Check out my new reels and see what you think.
- Looking for something to do this weekend? I have a recommendation for you!
- Finally, as usual, we'll wrap up with a photo of the month.
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November 2023 Market Stats
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- Last month, members of the Ottawa Real Estate Board sold 721 residential properties, a decrease of 1.6% from November 2022.
- Of these sales, 385 (- 2.5%) were Single Family Homes, 222 (- 0.9%) were Townhouses, and 114 (+ 6.5%) were Apartments.
- There were 1,428 new properties listed for sale in November 2023, leaving the total number of residential properties for sale at 2,743, an increase of 15.8% from the end of November 2022.
- There is currently 3.8 months of inventory on the market in Ottawa.
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- The average sales price for a Single Family Home this November was $745,730 up 0.1% from November 2022, while Townhouses sold for an average of $524,972 (- 0.6%) and Apartments sold for an average of $444,100 (+ 0.9%).
November 2023 vs. 2022:
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Property prices across the city vary greatly even within these "types"!!
So keep in mind, the average price is relatively meaningless when it comes to your own purchase / sale, what is meaningful to note is the trends in price increases and decreases within the market over time...
If you want to know what any of this means for you specifically... just get in touch, I'd love to discuss your situation and provide clarity 🥰
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🔥 New Exclusive Listing - 211 Russell Avenue, Sandy Hill
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This beautiful century home has been meticulously maintained to show off its original charm - including a grand double staircase with brass railings, built-in solid wood book shelves, formal living and dining spaces and original hardwood floors - along with modern conveniences - including a chef's kitchen with top of the line GE Café appliances, granite counter-tops, breakfast nook, and much more. With 4 primary sized bedrooms spread across the second and third floor, the set up is perfect for families. Set on a massive 123' deep lot, you'll find a fully fenced and landscaped back yard, including stone patio, "mini-house" garden shed, and raised plant beds.
Additional photos and info here! |
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🤩 Time for another look!
Click the images below to check out my new reels for
212 Russell Avenue and 304 - 320 Parkdale Avenue
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You can find all of the property details, photos, and full listing videos
for both of these stunning properties on Realtor.ca!
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Weekend Plans - visit the Ottawa Christmas Market!
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Located in Aberdeen Square at Lansdowne Park in the Glebe, the Ottawa Christmas Market is not one to miss! With all kinds of hand made goods and treats you are sure to find something to make a great gift... or enjoy yourself.
Here are the remaining dates / times:
• Friday, December 15: 17:00 - 22:00
• Saturday, December 16: 10:00 - 22:00
• Sunday, December 17: 10:00 - 20:00
• Wednesday, December 20: 17:00 - 22:00
• Thursday, December 21: 17:00 - 22:00
• Friday, December 22: 17:00 - 22:00
• Saturday, December 23: 10:00 - 22:00
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What my view last week looked like... But don't be jealous, all things come to an end, and I'm back in the cold now too...
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That's all for this month friends! As always, don't hesitate to reach out to me with any real estate related questions or needs you may have, and please share my contact information freely with your friends and family.
Sincerely,
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