Laird Estate Has Moved

My business has grown and so has my blog.  I hope everyone who is following Laird Estate, will sign up to receive the same up to date news and information on Ottawa’s real estate market from my new site, 613homesandcondos.com.  Thank you very much for your continuing support and I hope you like the new site. Click the thumbnail below to head over over.



If it feels good, do it!


The average buyer has about ten items on their wish list when they look for a home or condo:

1. Price
2. Location
3. Number of Bedrooms
4. Number of Bathrooms
5. Amenities
6. Views
7. Finishes
8. Layout
9. Style
10. And…..the X factor

Unless your budget is limitless, you will not find the “perfect” home.  While most buyers and agents focus on number one on the list as the starting point, it is usually number ten that seals the deal. Buying a home is largely an irrational act, and driven by an emotional connection to the property. So, to make the search easier, perhaps you should focus more on how you feel about the home and less about how it conforms to the other list of requirements.

What can you get for $1,000,000….?

There are currently 62 listings right now in Ottawa that are between $985,000 and $1,400,000.  A $1,000,000 house would cost you  roughly $3786.00 a month in mortgage alone. Here are some examples.  For a complete list of million dollar listings, just send me an email.  Click on each address for more information and additional pictures of these listings.

14 Powell Ave – $1,395,00

241 Glebe Ave – $1,375,000

267 Kirchoffer Ave – $1,200,000

1023 Tomkins Farm Cres – $985,000

June In Review

Members of the Ottawa Real Estate Board sold 1,712 residential properties in June through the Board’s Multiple Listing Service® system compared with 1,543 in June 2010, an increase of 11 per cent. The five-year average for June sales is 1,695.

Of those sales, 378 were in the condominium property class, while 1,334 were in the residential property class. The condominium property class
includes any property, regardless of style (i.e. detached, semi-detached, apartment, stacked etc.), which is registered as a condominium, as well as properties, which are co-operatives, life leases and timeshares. The residential property class includes all other residential properties.

“It’s obvious that the dream of home ownership is alive and well in Ottawa, with solid sales numbers like these. First-time buyers are out in the market in a big way, due to continued low interest rates, and after last year’s HST-affected spring, we’re seeing a return to what the June resale market usually looks like in Ottawa,” said Board President Joanne Tibbles.

The average sale price of residential properties, including condominiums, sold in June in the Ottawa area was $353,560, an increase of 8 per cent over June 2010. The average sale price for a condominium-class property was $275,996, an increase of 9.6 per cent over June 2010. The average sale price of a residential-class property was $375,539, an increase of 7.3 per cent over June 2010. The Board cautions that average sale price information 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 average sale price is calculated based on the total dollar volume of all properties sold.

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Just Listed – 2126 Rice Ave – $549,900

Gorgeous and charming sun filled home located seconds from the Ottawa River.  This four bedroom, two bathroom plus loft includes deep baseboards, original refinished hardwood, high ceilings, open concept living, and large yard with pool.   The cozy main floor family room has a gas fireplace and side entrance.  Bike and walking path located just across the street.  Walk to the beach.  Turn this into your dream home today!  For more pictures and additional information click here.

 

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May in Review

Members of the Ottawa Real Estate Board sold 1,659 residential properties in May through the Board’s Multiple Listing Service® system compared with 1,686 in May 2010, a decrease of 1.6 per cent.

Of those sales, 369 were in the condominium property class, while 1,290 were in the residential property class. The condominium property class includes any property, regardless of style (i.e. detached, semi-detached, apartment, stacked etc.), which is registered as a condominium, as well as properties, which are co-operatives, life leases and timeshares. The residential property class includes all other residential properties.

According to the Canada Mortgage and Housing Corporation (CMHC) in their Spring 2011 Ottawa Housing Market Outlook, the Ottawa Census Metropolitan Area (CMA) transitioned from a seller’s market to a balanced market in 2010 and will remain in that territory in 2011. CMHC analysts define Ottawa’s resale housing market as balanced when between 35 and 55 per cent of the number of homes listed for sale (new listings) in a given month are sold.

“Sales numbers for May were virtually unchanged from 2010, but prices continued to rise at about the same rate as we have seen for the past few months, demonstrating solid demand for resale housing in our area,” said Board President Joanne Tibbles. “A balanced market offers no distinct advantage to either buyers or sellers, so I’d advise anyone thinking of buying or selling to work with a local REALTOR® to help them achieve their goals. There are different strategies for marketing a home or making an offer to purchase in a balanced market versus a buyer’s or seller’s market. An Ottawa REALTOR® can help make the process easier for consumers,” Tibbles added.

The average sale price of residential properties, including condominiums, sold in May in the Ottawa area was $352,347, an increase of 5.6 per cent over May 2010. The average sale price for a condominium-class property was $261,871, an increase of 6.4 per cent over May 2010. The average sale price of a residential-class property was $378,228, an increase of 6 per cent over May 2010. The Board cautions that average sale price information 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 average sale price is calculated based on the total dollar volume of all properties sold.

Sold – 95 Beech Unit 210

Just listed and not on the MLS.  This is a very rare, gorgeous and completely renovated corner end unit located in the Heart of Little Italy! Unit 210, a one bedroom, one bathroom, open concept loft, includes 11ft ceilings, exposed brick and duct work, expansive windows which allow plenty of natural light, gas fireplace and so much more. Call me today  to book your private showing!! Won’t last long!!  For more information click here.