The Molly & Claude Team

The Molly & Claude Team Realtors Ottawa, Royal LePageTeam Realty

Go West Young Man! And woman! And south as well!

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Sorry I could not resist! I do apologize!

That being said the real estate market in Ottawa is turning to the west and to the south. 8 out of 10 of the neighbourhoods with the biggest percentage increase in value are in the west and south ends. It’s not that the others aren’t increasing it’s the difference between an 11.8% increase and a 4.4% increase. Of couse most of the ones at the lower end of the range have had their substantial increase and simply cannot – or should not increase further. I mean Westboro is Westboro! Read more here.





A Sizzling Summer for Ottawa Real Estate

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ottawa-real-estate-board-newsletter-presented-by-the-molly-&-claude-team-realtors

OTTAWA, August 3, 2018 –  – Members of the Ottawa Real Estate Board sold 1,614 residential properties in July through the Board’s Multiple Listing Service® System, compared with 1,524 in July 2017, an increase of 5.9 per cent. The five-year average for July sales is 1,501. July’s sales included 1,238 in the residential property class, an increase of 3.6 per cent from July 2017 and 376 in the condominium property class, an increase of 14.3 percent from a year ago.

“Ottawa’s condo market continues to positively impact overall residential sales trends with year-to-date condo unit sales up 16.5 percent from this time last year,” states Ralph Shaw, Ottawa Real Estate Board President. “As well, our overall inventory levels in both the residential and condo market are improving which will help ease pressure on prices. Units available are currently down 16 percent down from July 2017 rather than the 24 percent we were down at the beginning of the year.”

The average sale price of a residential-class property sold in July in the Ottawa area was $441,206, an increase of five per cent over July 2017. The average sale price for a condominium-class property was $280,526, an increase of 5.3 per cent from July 2017.*

“We are noticing a surge in unit sales in the rural areas, particularly the west end,” notes Shaw. “This is not only driven by availability but likely includes other attractive aspects in these well-established communities such as reasonable commute times, convenient shopping options, and great schools and recreational facilities which aren’t overtaxed.”

Between $175,000 to $274,999 was July’s most active price point in the condominium market, accounting for almost 49 per cent of the units sold. While the $300,000 to $449,999 range remained the most robust price point in the residential market, accounting for 45 per cent of home sales. In addition, the $500,000 to $750,000 price range represented almost one in five residential home sales.

“Ottawa’s healthy real estate market is a reflection of its strong economy which is consistently firing on all four cylinders due to a secure employment base,” reflects Shaw. “It remains a competitive market, and multiple offers (when priced right) are still the norm in some neighbourhoods. Buyers and sellers alike require a REALTOR® to pave the way through the complexities of the market.”

In addition to residential and condominium sales, OREB members assisted clients with renting 1611 properties since the beginning of the year.

* The Board cautions that the average sale price can be useful in establishing trends over time but should not be used as an indicator that specific properties have increased or decreased in value. The calculation of the average sale price is based on the total dollar volume of all properties sold. Price and conditions will vary from neighbourhood to neighbourhood.


Canada’s Top 23 Best Places to Live in 2018

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Ottawa was named the second best place to live in Canada. Oakville is now number one. What did we do to slip down one notch? Or what did Oakville do to rise 14? See the full list here. Or for the 2017 list click here.

And, if you’re not happy with Ottawa, but you don’t have to travel too far to get to an alternate “best city” you go easitly get to number number 21 – The Nation or to number 3 – Russell Township. Big and small made the list! To raise a family you should be in Saint-Bruno-de-Montarville, however, Ottawa, Russell, and The Nation did make it in 8th, 9th, and 10th places. Once all of that is said and done best place to retire as Scott previously pointed out is Ottawa, (or nearby Carleton Place which ranked 5th).


Highway 417 Closure This Week-End

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Remember, Highway 417 will be closed between Bronson Avenue and Carling Avenue tonight 5 p.m. to Sunday 11 a.m.

The closure is to remove the existing Harmer Avenue pedestrian bridge. It will be replaced by a new one. Read the timeline here.

By now we’ve gotten used to alternate routes. I didnt see the overturned truck from Thursday but did get caught mid morning yesterday with the effect of the emergency repaving.


Hintonburg – Magee House

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The fate of Magee House is unclear after a side wall collapsed earlier this week. According to Heritage Ottawa it was one of 23 properties on a heritage watch list. What does it say about the city’s ability to make contacts when as stated in the video the city thought the building was vacant as attemps to contact the owner had failed. Jeff Lieper states that in an evolving neighbourhood it is important to maintain the connections to the past. Read more on its history here.


About Us

Molly Hoyle Sales Representative
Claude Jobin Représentant des ventes

E-Mail

claude@claudejobin.com




Phone / Address

Phone: 613.804.7979
1723 Carling Avenue
Ottawa, Ontario