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Open House. Open House on Sunday, October 1, 2023 2:00 PM - 4:00 PM

Please visit our Open House at 97 SPRINGCREEK Crescent in Ottawa. See details here

Open House on Sunday, October 1, 2023 2:00 PM - 4:00 PM

RARELY AVAILABLE! Nestled in the heart of Bridlewood and backing directly onto NCC land this charming 3-bedroom, 3-bathroom END UNIT Urbandale townhome is freshly painted, a blank canvas exuding warmth and tranquility. Meticulously cared for by the original owners. The Living room & Dining room (currently piano room) offer excellent flow throughout main level with access to the custom-designed kitchen complete with pasta tap and inviting breakfast bar; a chef's dream, offering both style and functionality. Ascend to the upper level to find the primary suite looking out on to the quiet greenspace with a newly updated ensuite bath and spacious walk-in closet. Two additional bedrooms and main bathroom complete this floor. As you venture to the bright lower level, you'll discover a wonderful rec room space complete with a cozy wood-burning fireplace, ample storage & laundry. The perfect space to unwind after a long day or enjoy movie nights with your loved ones. What truly sets this property apart is the enchanting backyard oasis with gated access to nature. From inside the bright palladium window bathes the indoor space in natural light, providing a picturesque view of the tiered deck and lush yard with gated access to the NCC trails. Walk, jog or x-country ski directly from your own backyard. Fully fenced with no rear neighbors, you'll relish in the privacy & enjoy the serenity of your own private nature retreat. Additional features include a spacious custom shed for all your garden storage needs and a luxurious hot tub for ultimate relaxation and star gazing. This is more than a home; it's a lifestyle where tranquility and convenience converge. Don't miss your chance to make this exceptional property your own!

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Open House. Open House on Sunday, September 17, 2023 2:00 PM - 4:00 PM

Please visit our Open House at 97 SPRINGCREEK Crescent in Kanata. See details here

Open House on Sunday, September 17, 2023 2:00 PM - 4:00 PM

RARELY AVAILABLE! Nestled in the heart of Bridlewood & BACKING ONTO NCC land this charming 3-bedroom, 3-bathroom END UNIT Urbandale townhome is freshly painted, a blank canvas exuding warmth and tranquility. The LR & DR offer excellent flow thruout main level w/easy access to the custom-designed kitchen complete with pasta tap & inviting breakfast bar; a chef's dream, offering both style & functionality. On the upper level the primary suite looks out on quiet greenspace w/newly updated ensuite bath & spacious walk-in closet.Two additional bedrooms & main bathroom complete this floor. In the basement, perfect space to unwind you'll discover a cozy wood-burning fireplace, ample storage & laundry. But what truly sets this property apart is the enchanting backyard oasis with gated access to nature. Spacious shed for all your garden storage needs & a luxurious hot tub for ultimate relaxation & star gazing.This is more than a home; it's a lifestyle where tranquility and convenience converge. (id:2493)

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OREB has released the stats for the August 2023 market. What does this all mean? By the numbers below for a quick snapshot. Read the full release here.

Residential Property Sales in August 2023:

  • Total residential properties sold: 1,196
  • Increase in sales compared to August 2022: 6%
  • Freehold-property class sales: 903 (up 7% from last year)
  • Condominium-property category sales: 293 (up 2% from August 2022)
  • Five-year average for total unit sales in August: 1,525

Analysis: August 2023 saw a 6% increase in residential property sales compared to the same month in 2022. Both freehold and condominium categories experienced positive growth, indicating ongoing demand in the Ottawa real estate market.

Average Prices in August 2023:

  • Average sale price for a freehold-class property: $709,739 (up 0.5% from 2022, 5.6% decrease over July 2023 prices)
  • Average sale price for a condominium-class property: $425,968 (up 1% from a year ago, 1.4% lower than July 2023 prices)
  • Year-to-date average sale prices: $732,220 for freeholds (8% decrease over 2022) and $432,571 for condos (5.5% decrease over 2022)

Analysis: While the average sale prices for both freehold and condominium properties have increased slightly year-over-year, the year-to-date figures show a decrease, indicating some market fluctuations and potential cooling from the peak prices seen in earlier months.

Inventory & New Listings:

  • August's new listings: 2,228 (7% increase over August 2022, consistent with last month)
  • Five-year average for new listings in August: 2,177
  • Months of Inventory for freehold-class properties: Increased to 3 months from August 2022 and July 2023.
  • Months of Inventory for condominium-class properties: Remains similar to August 2022.
  • Days on market (DOM) for freeholds: Increased to 31 days from August 2022 and July 2023.
  • Days on market (DOM) for condos: Increased slightly to 29 days from August 2022 and July 2023.

Analysis: The increase in new listings suggests more properties coming onto the market, providing potentially more options for buyers. However, the Months of Inventory for freehold properties has increased, indicating a shift toward a more balanced market. Days on market have also increased, suggesting properties may take longer to sell.

Note: All percentages mentioned above are calculated in comparison to the corresponding data from the previous year unless otherwise specified.

Please contact me with any questions and to help you navigate you home sale or purchase. 

Source: OREB

Information located on this site is from sources believed to be reliable but should not be relied upon without verification. We assume no responsibility for its accuracy. 

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