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Happy sunny Friday morning all,
I hope you are all ready to spring forward this Sunday! I know it means we will lose an hour of our day, but on the BRIGHT side, it also means that it will be light out past 7:00pm as of this Sunday evening! Now that's a change I can get behind.
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 an absolutely stunning, one-of-a-kind new listing to share with you! You got a little sneak peek last month...
- Meanwhile, last month's featured listing is officially sold, reflecting the uptick in market activity overall...
- Attention Buyers! A little PSA for you...
- It's that time of year were I start asking for your generosity as I look forward to another 70km CN Cycle for CHEO! I've been participating in this event for over a decade and it never disappoints and neither do you!
- Finally, as usual, we'll wrap up with a photo of the month.
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February 2024 Market Stats
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- Last month, members of the Ottawa Real Estate Board sold 881 residential properties, an increase of 15.2% from February 2023.
- 453 (+ 18.6%) were Detached Homes, 288 (+ 13.8%) were Townhouses (combining both freehold and condominium ownership categories), and 140 (+ 10.2%) were Condominium Apartments.
- The average sales price for a Detached home was $796,167 up 0.5% year over year while Townhouses sold for an average of $538,745 (+1.6%) and Condominium Apartments sold for an average of $429,410 (+7.6%).
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- There were 1,539 new properties listed for sale in February 2024 (29.5% more than the number listed in February 2023) leaving the total number of residential properties for sale at 2,150 an increase of 16.3% from the beginning of February 2024.
- The median days for properties of all types to sell in February 2024 was 20, the same as than in February 2023 and 13 days shorter than the previous month, January 2024.
- There is currently 2.4 months of inventory on the market... Meaning overall, we are edging back into Seller's market conditions across the city.
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Just LISTED - PENTHOUSE 1404 - 134 York Street, ByWard Market
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Welcome to the very top of 134 York Street! This one-of-a-kind, PENTHOUSE suite is the epitome of luxury condo living and is sure to impress. Spread across two levels, the architectural features are simply stunning; exposed concrete and steel beam construction and 2-story floor-to-ceiling windows are just a few of the wow features you can expect. On the main level, enjoy open concept living in a space filled with light, a chef's kitchen with cement counters and stainless steel appliances, hardwood floors throughout, and a full guest bathroom with high-end finishes. The second level offers a specious loft / den overlooking the living area, a huge primary bedroom with custom walk-in closet and en-suite set in its own loft with an oversized tub and expansive city views, and finally access to your private rooftop terrace with views of the city and Gatineau hills beyond. All this, and TWO parking spaces. Close to all amenities, transit, Rideau Centre, UOttawa and a short walk to the downtown core.
Click here to visit the listing on Realtor.ca for more photos and info and check out the video below! |
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Just SOLD - 800 Kennacraig Private, Stonebridge
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This lovely home in beautiful, golf course adjacent Stonebridge is officially off the market, now that's a hole in one! ⛳️💥
...the cheese is strong this morning... It must be the beautiful weather we have been having, making me extra peppy...
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I might talk a lot about my listings here, but did you know that at least 50% of my business is in helping BUYERS find and purchase homes?
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If you are new to real estate or are simply looking to buy your next home, I'd love to explain the process to you and why it is essential to work with a buyer specialist!
In fact, I just updated my presentation, so I'm eager to share it with you 😉
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Please Support my 70km CN Cycle for CHEO!
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Unless this is your first year receiving the monthly market snapshot, you will be very familiar with my annual request for support!
The 70km CN Cycle for CHEO is something I participate in every year, it is an amazing event that raises money for The Children's Hospital of Eastern Ontario, and more specifically research and support for children battling cancer. This is the only time of the year and only cause I will ask for your donations for, so please consider donating via this link, or if you would like to participate in the event yourself and raise even more funds for this great cause, even better! If 70km sounds a bit daunting to you, don't worry, there are other distance options to choose from! The date this year is Sunday, May 5th.
Here are some snaps from last year! See how much fun 😁🚴
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A final, adorable photo of Magic in the snow for this season... now that it's all melted she will enjoy playing in the mud, which is less photo worthy...
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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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