WHAT’S GOING ON! Wrap up of 2014

 What a Year!  57 Homes SOLD. TOP LEADERS AGAIN!!!

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Another year behind us and the 2015 selling season just around the corner, I thought  a quick look at the last few months of 2014 might be appropriate. There was so much in the papers about over priced markets and price adjustments.

Last year we had an early spring market and we were busy from late  January on to the end of July when  at that time the downtown core markets ( expect for the Glebe ) suddenly became oddly quiet. The Buyers were no longer in a hurry to buy and Sellers had to wait longer to get their homes sold. When you are used to seeing homes sell within days and weeks it is  striking when homes sit on the market; however one needs to caution that a normal market is 2 or 3 months in many cases depending on location and especially pricing. Expectations sometimes has to be adjusted when a market slows down and it is always better to react as soon as possible to over pricing in a suddenly quiet or changing marketplace.  The normal fall market ( Aug – Sept ) did not take place.  By the middle of November homes started selling again, many had had substanail price adjustments as a 3 month dead zone had taken its toll. There was re-newed interest and Dec proved to be a very healthy month for many of our buyers and sellers alike . 

In our case working mostly downtown and in the older residential areas there was a handful of  homes that required adjustments in pricing and those who reacted did sell unless there was something else that was holding the house back. We also took over some listings that had not sold through the year and with a little staging and personal marketing managed to get the sale done for our Sellers.

The market may well be returning to a more normal market . This is not a sudden change as the buyers are and have been for sometime looking for more bang for their buck and value in what they purchase. Most buyers both young and old do not wish to do work and therefore a home that shows well and is in good condition will sell faster and usually for more money. Much of pricing has to do with timing and preparation of the home prior to going to market. Is the market plummeting? no– is the market price sensitive? – yes.

Myself and Stephanie are well versed in different markets and have the experience to guide our buyers and sellers through the housing process to obtain a deserved outcome for all parties involved. We are good planners and are happy to provide the guidance and knowledge to our clients.

Below are afew of the Dec sales that we are happy to say allowed our Sellers and Buyers to move on to a very happy  2015 .

 

5 Gilmour  Sold – Lovely  Canal townhome- ideal for that single or couple who want  urban lifestyle.

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29 Main – The Glassworks condo-WOW great for the single or couple – loft lifestyle steps to the Canal in award winning Charlesfort building. Asking $449,000.

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Exceptional design with two storey windows- ideal for the busy executive

 

64 Lewis Street– The Triangle – cute, charming and a great single in

a wonderful location. Asking $535,000.

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520 Queen Elizabeth Drive  Unit 21- 2000 sq ft approx. of great hassle free living.

Perfect executive lifestyle. Asking $779,000.

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A Glebe townhouse: The buyers walked in and said this is it. Signed , sealed and delivered within 4 days. Great Christmas for everyone.

asking just under $700,000 

 Clarence St Condo: Looking for a true urban lifestyle and living space3 that is different – then this well kept secret in the Byward market is it. The buyers wanted something different and after looking at all the usual suspects of condos in the core , we happened upon this lovely sun flooded low rise building . Love at first sight!

 

215 Parkdale Terrace  Ever popular Parkdale- Westboro- Wellington Village-Tunneys Pasture areas all close by. Affordable one bedroom with great facilities ( salt water pool). 

asking $249,000