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Good morning all,
I hope you have been enjoying this wacky winter weather in whatever ways available to you! (was that enough alliteration to wake you up?). As for me, I bought some cross country skis, but turns out mushy snow and/or frozen crunchy snow are not the best for learning on! However, I shall persist...
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 great new listing to share with you and a sneak peek at a stunning condo that will be hitting the market soon.
- Well, I called it last month! My beautiful townhome listed in Sandy Hill got a new year price reduction and was sold to a lucky buyer this month!
- Finally, as usual, we'll wrap up with a photo of the month.
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January 2024 Market Stats
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- Last month members of the Ottawa Real Estate Board sold 629 residential properties, an increase of 16.5% from January 2023.
- 308 (+ 16.5%) were Single Family Homes, 217 (+ 14.2%) were Townhouses, and 100 (+ 19.0%) were Apartments.
- There were 1,271 new properties listed for sale in January 2024 (7.3% more than Jan 2023) leaving the total number of residential properties for sale at 1,954 an increase of 4.5% from the beginning of 2023.
- There is currently 3.1 months of inventory on the market.
- The Median days for properties of all types to sell in January 2024 was 43, 7 days longer than in January 2023 and 9 days longer than the previous month, December 2023.
- The average sales price for a Single Family Home was $770,869 up 2.1% year over year while Townhouses sold for an average of $541,976 (+ 0.7%) and Apartments sold for an average of $414,679 (+ 0.6%).
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Just Listd - 800 Kennacraig Private, Stonebridge
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Here's your chance to own a rarely available 4 bedroom, corner end-unit townhome, with a double car garage on an oversized lot in beautiful Stonebridge ⛳️. The layout and spaciousness of this town will make you feel like you are in a single, and the corner lot means every room is full of light. The main floor includes a huge living room with hardwood floors and a gas fire place, the dining room is directly off of the spacious eat-in kitchen, which includes a custom 7ft long stainless steel peninsula with bar seating, solid wood cabinetry, quartz countertops, tiled backsplash and stainless steel appliances. Upstairs, the primary bedroom creates it's own private wing, with large walk-in closet, and ensuite. Enjoy smart systems 🤖throughout the home, central vac and wiring for in-ceiling speakers .
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Coming Soon - 1404-134 York Street, ByWard Market
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Who doesn't want to live in a Penthouse!? Welcome to the very top of 134 York Street, in the heart of the Byward Market. With breathtaking views from two story floor-to-ceiling windows and private roof terrace, this one of a kind condo is hitting the market soon 🔥 so stay tuned...
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JUST SOLD - 212 Russell Avenue, Sandy Hill
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New year, new price did the trick!
A lucky buyer scooped this one up in a flash and I couldn't be happier for my sellers who are now able to move on to new adventures in a new 'hood!
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Sometimes you just have to escape to the woods on a sunny winter day...
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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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