Ottawa4You - Theresa Quann Bakker, Broker Keller Williams VIP Realty Brokerage Direct: 613-721-8400 Fax: 613-721-8403 245 Stafford Rd. West, Suite 300 OttawaONK2H 9E8
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Presented by: Ottawa4You - Theresa Quann Bakker, Broker
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Marihuana Grow Ops: What Homebuyers should know Home Sellers' Tip: The Pitfalls of Over Pricing!
Studies show that the longer a property stays on the market, the less the seller will net upon the sale. It is very important to price your property at a competitive market value at the signing of your listing contract.
An Overpriced Home:
· Minimizes offers
· Lowers agents response
· Limits qualified buyers
· Lowers showings
· Lowers prospects
· Limits financing
· Wastes advertising dollars
· Nets less for the seller
When you are ready, contact me today for a personal market value analysis of your home. No hassles or obligation - just honest advice on how to get top dollar for your home!
Average MLS® Residential & Condominium Sale Prices Average MLS® Residential & Condominium Sale Prices by Year for the
Ottawa-Carleton Region with Percentage Change over the previous year:
|
Year
|
Average
Sale Price
|
Percent
Change
|
|
1956
|
$ 13,351
|
0.2
|
|
1957
|
$ 14,230
|
6.6
|
|
1958
|
$ 15,564
|
9.3
|
|
1959
|
$ 16,038
|
3.1
|
|
1960
|
$ 16,791
|
4.7
|
|
1961
|
$ 16,070
|
-4.3
|
|
1962
|
$ 15,952
|
-0.7
|
|
1963
|
$ 16,549
|
3.7
|
|
1964
|
$ 16,563
|
0.1
|
|
1965
|
$ 17,056
|
3.0
|
|
1966
|
$ 18,004
|
5.6
|
|
1967
|
$ 19,476
|
8.2
|
|
1968
|
$ 23,329
|
19.8
|
|
1969
|
$ 25,652
|
10.0
|
|
1970
|
$ 26,532
|
3.4
|
|
1971
|
$ 27,808
|
4.8
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|
1972
|
$ 30,576
|
10.0
|
|
1973
|
$ 38,305
|
25.3
|
|
1974
|
$ 46,661
|
21.8
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|
1975
|
$ 49,633
|
6.4
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|
1976
|
$ 54,623
|
10.1
|
|
1977
|
$ 57,032
|
4.4
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|
1978
|
$ 59,134
|
3.7
|
|
1979
|
$ 61,896
|
4.7
|
|
1980
|
$ 62,748
|
1.4
|
|
1981
|
$ 64,896
|
3.4
|
|
1982
|
$ 71,080
|
9.5
|
|
1983
|
$ 86,245
|
21.3
|
|
1984
|
$102,084
|
18.4
|
|
1985
|
$107,306
|
5.1
|
|
1986
|
$111,643
|
4.0
|
|
1987
|
$119,612
|
7.1
|
|
1988
|
$128,434
|
7.4
|
|
1989
|
$137,455
|
7.0
|
|
1990
|
$141,438
|
2.9
|
|
1991
|
$143,361
|
1.4
|
|
1992
|
$143,868
|
0.4
|
|
1993
|
$148,129
|
3.0
|
|
1994
|
$147,543
|
-0.4
|
|
1995
|
$143,193
|
-2.9
|
|
1996
|
$140,513
|
-1.9
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1997
|
$143,873
|
2.4
|
|
1998
|
$143,953
|
0.1
|
|
1999
|
$149,650
|
2.4
|
|
2000
|
$159,511
|
6.6
|
|
2001
|
$175,971
|
10.3
|
|
2002
|
$200,711
|
14.1
|
|
2003
|
$218,692
|
9.0
|
|
2004
|
$235,678
|
7.8
|
|
2005
|
$244,531
|
3.8
|
|
2006
|
$255,889
|
4.7
|
|
2007
|
$272,618
|
6.4
|
Taken from the Ottawa Real Estate Board Web Site http://orebweb2.oreb.ca/avg_oreb_sale.shtml
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Keller Williams VIP Realty Brokerage, 245 Stafford Rd. West, Suite 300, Ottawa, ON, K2H 9E8
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