Meet the @MAKEITHAPPENREALTORS

Ottawa's dynamic real estate team!

Buying or selling a home is a big decision and we can guide you through the process.

House hunters can count on personal service, market knowledge and expert negotiation skills.

Seller's should note that marketing properties FOR SALE is our passion!

We use a modern and professional strategy that works.

 

MAKEITHAPPEN E-Newsletter Volume 10

Make It Happen 2020

It's not the end of 2019 but close enough to look back on the year’s events and perhaps spark your pre-holiday excitement. This edition of @makeithappenrealtors e-newsletter features an exciting market update and a look-ahead to our most anticipated seasonal moments.


This year saw the real estate market continue its exponential, upward turn, with prices escalating throughout the year. The momentum has continued into the Fall and there’s no sign of slowing down as we approach the next decade: 2020!

Clearly, Ottawa is the place to be.

In a stunning turn of events, condos are now the hottest commodity; popular among first timers and investors alike. Comparing sales numbers from last October, the average price of a condominium rose from ~$270,000 to ~$320,000, after a few years of stagnation. We forecast a continued frenzy at that price range.

Freehold homes continue to increase by 5-10% per year; usually a surefire investment if you can afford the bigger price tag. The Ottawa and surrounding area average house price is now $483,450 (per October 2019 stats). This includes Russell, Kemptville, Carleton Place and beyond. Compare that to an average of ~$358,000 in 2014, five years ago.

Fierce market competition in real estate has reawakened our feisty Merivale High School spirit. It’s been 18 years since Brad and Lindsey met in math class and we are still cheering each other on... This year, we’ve embraced the challenge of exciting bidding wars and scored some great houses. 

We are always on the hunt for a house to sell and buyers are valuing our essential support more than ever; don’t navigate stormy waters alone.

On that note: Congrats to those who secured and sold homes in 2019! That's a big deal.

 


 
The holidays are a time to reconnect with friends old and new, and to take a little time for self care. In that spirit, we took a minute to share some of our favourite seasonal activities to fight the bearish behaviours that sometimes beckon in November.
 

Top Ten To Do’s to Escape the Winter Blues:

  1. Snatch a Rugrat - Celebrate the children in your life; for us it’s nieces and nephews and babies of friends. They grow up so fast.

  2. Gail’s Shortbread - You tried her legendary fudge at our Family Fun Day but Brad’s mom also makes the best little shortbread. Here’s the classic Christmas recipe.

  3. Downhill Skiing - The thrill of the hill always sparks joy in our hearts. Lindsey particularly loves to relive her days as a junior racer at Vorlage. 

  4. Escape the Cold - The Gilbert's and Merkley's planned coinciding family vacations in Puerto Vallarta this January, and that’ll motivate us through anything.

  5. Have a Party - Gather those highschool friends who never miss the call for a good time!

  6. Lindsey’s TexMex Dip - Although it’s not her personal favourite, the rest of us can’t get enough of it. Try the saucy-spicy dip recipe here and decide for yourself. Are you on team Lindsey or team everyone else?

  7. Join a Gym - Beat the January rush and combat those calories in real time. Spinning is our go-to ‘sweater weather’ workout. 

  8. Sleigh Bells Ring - Be a kid once again. Get carried away (on a flying saucer) this Winter. Here's where you might find a suitable hillside adventure in Ottawa.

  9. Rideau Canal Skateway - It’s a World Heritage site in our own backyard. Colonel By Drive is more pleasant than ever with the temporary closure at Hogs Back bridge and twinkling lights at Parliament Hill. 

  10. Go Out to Eat - The National Capital has an ever-ripening foodie scene. The Belmont is our pick for a creative culinary experience at a cozy spot in Old Ottawa South.


Let us be among the first to wish you a wonderful holiday season and delightful NEW DECADE!
 

Cheers from your @makeithappenrealtors

- Brad & Lindsey 

 
 
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Weather isn’t Cooling the Resale Market

 

December 4, 2019
 

Members of the Ottawa Real Estate Board sold 1,288 residential properties in November through the Board’s Multiple Listing Service® System, compared with 1,161 in November 2018, an increase of 10.9 per cent. November’s sales included 958 in the residential-property class, up 10.5 per cent from a year ago, and 330 in the condominium-property category, an increase of 12.2 per cent from November 2018. The five-year average for November unit sales is 1,133.

“Even with the typical winter slowdown, Ottawa’s home resale market still experienced a relatively brisk pace in November. Our inventory is not having a chance to build as it is being absorbed as quickly as it comes on the market. That’s why there are so many sales every month even though the supply stock is low,” explains Dwight Delahunt, President of the Ottawa Real Estate Board.

November’s average sale price for a condominium-class property was $313,734, an increase of 9.8 per cent from last year while the average sale price of a residential-class property was $501,201, an increase of 16.9 per cent from a year ago. Year to date figures show an 8.9 per cent and 9.1 per cent increase in average sale prices for residential and condominiums, respectively.*

“Prices have increased, and therefore there is shortage of units available in the lower end price range of both condos and residential properties,” reports Delahunt. “That being said, the Ottawa market still remains strong and sustainable with reasonable increases in year to date average prices of 9% in both the residential and condominium property classes.”

The most active price range in the condominium market was $225,000-$349,999, accounting for 57.5 per cent of the units sold while $350,000 to $499,999 represented the most prevalent price point in the residential market, accounting for 38.8 per cent of November’s transactions. Residential properties in the $500,000 to $749,999 range increased to 32 per cent of all residential resales.

“As for the higher end of the market, we are seeing substantial increases in the number of properties sold in those price ranges as well. In the $750K-$1M range, 65 units changed hands last month compared to 24 sales last year at this time,” reveals Delahunt. “Further, the homes in the $1M+ plus range have increased to 29 sales last month from 15 sold in November 2018.”

“Year to date totals show the larger picture with a 41% increase in the $750K-$1M range from 610 to 861 unit sales, and a 30% increase in the $1M+ range from 266 to 345 transactions compared to this time last year,” he adds.

In addition to residential sales, OREB Members assisted clients with renting 2,559 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.

Source: Ottawa Real Estate Board

 

Fall Fun: Party Recap


What a time we had!

 

Brad and Andrew's home and garden was the euphoric setting for our recent family fun day; a client appreciation backyard party for the ages.

 

Kids big and small were drawn to the bouncy castle, with breaks to enjoy brisket, poutine and other food truck delights. Saturday afternoon sunshine and chatter made it especially memorable. 

 

Thanks to over 100 of our dear friends and clients for attending this @makeithappenrealtors event. 

 

It was a joy to host you.

We did The Ride

 

Together Brad and Lindsey raised nearly $2000 for The Ottawa Hospital.

 

When crossing the finish line on September 8, we were all smiles for the camera, knowing that we’re moving research forward!

 

The annual cycling event raises funding for world class research taking place right here in Ottawa. 

 

Your contribution went toward cancer and disease research; realities that affect us all somehow.

 

Special thanks to our host team: The Brick Peddlers, led by the fine folks at Merkley Supply. It was no surprise that they raised the highest team amount. 

 

The days' event -- and months of campaigning -- generated $1.07 million for a very worthy cause.

 

Go team! @dotheride

 

Wanna keep up with the latest adventures of Brad and Lindsey?


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@makeithappenrealtors

Brad Gilbert

Brad Gilbert B.Comm.

Broker

Mobile: 613.868.5444  

Phone: 613.238.2801  

Email: bradgilbert@royallepage.ca