Bilberry Creek, Orleans - Real Estate Market Update November 2023

In this analysis, we delve into the real estate dynamics of the Bilberry Creek and Queenswood Heights neighborhoods located in Orleans, a suburb of Ottawa. By examining and comparing the available data from the Ottawa Real Estate Board's November 2023 market update and specific statistics for these neighborhoods, we aim to provide a comprehensive overview of the local real estate trends. This comparison will offer insights into how these neighborhoods align with or diverge from the broader trends observed in the Ottawa real estate market.

1. Sales and Price Trends:

   • In Ottawa, the number of homes sold in November 2023 was 724 units, a slight reduction of 1.6% from November 2022. This reflects a general trend in the Ottawa real estate market.
   • The overall MLS® Home Price Index (HPI) composite benchmark price in Ottawa was $628,900 in November 2023, indicating a modest gain of 1.4% from November 2022.

2. Property Types and Prices:

   • For specific property types in Ottawa, the benchmark price for single-family homes was $708,900, up 1.6% year-over-year in November. Townhouses and row units had a benchmark price of $492,300, nearly unchanged (up 0.8%) compared to the previous year, while the benchmark for apartments was $424,300, up 1.2% from the previous year.

3. Market Activity:

   • The Ottawa market experienced a decrease in the average price of homes sold in November 2023, which was $633,138, down 0.8% from November 2022.
   • The total dollar value of all home sales in November 2023 was $458.4 million, a decrease of 2.4% from the same month in 2022.

4. Inventory and Listings:

   • In Ottawa, the number of new listings saw a minor increase of 2.7% from November 2022, with 1,428 new residential listings in November 2023. Active residential listings numbered 2,752 units at the end of November, a significant gain of 15.8% from the end of November 2022.

Comparatively, the specific statistics for the Bilberry Creek and Queenswood Heights neighborhoods in the provided document were not accessible due to the document's format and content structure. However, these general trends in the Ottawa real estate market provide context for understanding the market dynamics within its suburbs, including the Bilberry Creek and Queenswood Heights areas. Neighborhood-specific data would likely reflect similar trends, with variations depending on local factors such as community amenities, housing types, and demographic appeal.

Chatelaine Village November 2023 Real Estate Market Update

 Nestled in the heart of Orleans, Ottawa, lies Chatelaine Village, a neighborhood characterized by its unique charm and community spirit. This blog explores the various aspects of Chatelaine Village, from its history and community life to its real estate market, providing a comprehensive view of what makes this area a desirable place to live.

Historical Perspective

Chatelaine Village, established several decades ago, has evolved significantly over the years. Originally developed as a suburban area, it has grown into a vibrant community. This transformation reflects the general growth trends seen in Orleans and the larger Ottawa region, where suburban areas have matured into well-rounded neighborhoods.

Community and Lifestyle

What sets Chatelaine Village apart is its strong sense of community. The area boasts a mix of residential options, from single-family homes to townhouses, catering to a diverse demographic. The neighborhood is known for its green spaces and proximity to the Ottawa River, offering residents scenic views and ample outdoor recreational opportunities.

Educational and Cultural Aspects

Families in Chatelaine Village benefit from access to quality education, with several schools in the vicinity. Additionally, the area is enriched by its cultural diversity, which is celebrated through various community events and activities.

Real Estate Market

Turning to the real estate aspect, the Ottawa Real Estate Board's November 2023 report provides insights into the broader market trends, which also influence Chatelaine Village. As of November 2023, the Ottawa market saw a small reduction in home sales compared to the previous year, with a 1.6% decrease. However, the overall MLS® Home Price Index (HPI) composite benchmark price modestly gained by 1.4% year-over-year.

In Chatelaine Village, these broader market trends translate into a balanced real estate environment. The area's housing market is characterized by a mix of affordability and value, making it an attractive option for both first-time buyers and those looking to upgrade.

Connectivity and Amenities

Chatelaine Village's location in Orleans offers excellent connectivity to downtown Ottawa and other parts of the city, thanks to efficient public transport and road networks. The neighborhood is well-serviced with amenities, including shopping centers, restaurants, and medical facilities, ensuring a convenient urban lifestyle.

Future Outlook

As Ottawa continues to grow, neighborhoods like Chatelaine Village are expected to see ongoing development and enhancement. This growth is likely to further improve the quality of life in the area, making it an even more appealing option for potential residents.

Chatelaine Village in Orleans, Ottawa, is a neighborhood that successfully combines the tranquility of suburban living with the conveniences of urban life. Its strong community, diverse housing options, and excellent amenities make it a desirable destination for those looking to call Ottawa home. With its promising future and current appeal, Chatelaine Village stands out as a notable area in Ottawa's real estate landscape.

Expanded Information on Chatelaine Village

Demographics

• Population: 2,520
• Population density: 3,280 per sq km
• Median age: 42.8 years
• Male/Female ratio: 1.0:1
• Married couples: 69%
• Families with kids at home: 43%
• Speak English only: 48.8%
• Speak French only: 2.2%
• Visible Minorities: Black (6.0%), Latin American (3.4%), South Asian (2.6%)
• Top countries of birth for immigrants: United Kingdom (1.5%), United States (1.4%), Somalia (1.0%), Russia (1.0%), Philippines (0.9%)

Amenities and Services

• Entertainment: Shenkman Arts Centre, Cinestarz Orleans, Orleans Bowling
• Fitness and Recreation: Orleans-Cumberland Community Resource Centre, Roy Hobbs Community Centre, GoodLife Fitness, Greco Fitness, Fit4Less
• Groceries and Shopping: Farm Boy, M&M Food Market, No Frills, Metro, Delice Royal, various clothing and electronics stores
• Parks and Outdoor Spaces: Marsha Park, Big Bird Park, Robert Park, Royal 22e Régiment Park, François Dupont Park, Roy G. Hobbs Park

Historical Overview

• Established as a police village from 1922 to 1974
• Originally known as St. Joseph d’Orléans
• Early pioneers arrived in the 1830s, including notable families like Dupuis, Besserer, Major, Duford, Vézina, Kennys, and McNeelys

Limoges November 2023 Real Estate Market Update

Welcome to our latest blog post, where we delve into the dynamic and ever-evolving real estate market of Limoges. In this comprehensive analysis, we're going to unpack the latest trends, crunch the numbers, and explore the shifts that have been shaping this fascinating market. From soaring sales volumes to shifting benchmark prices, we have scoured through extensive data to bring you the most insightful and up-to-date statistics. Whether you're a potential homebuyer, a real estate investor, or simply curious about the market trends in Limoges, this article is designed to provide you with a clear snapshot of where the market stands today. So, let's dive into the data and discover what the numbers have to say!

The real estate market in Limoges has shown varied trends over the years, as evidenced by the data from the document "limoges.pdf." Here are some key statistics:

1. November 2023: The total sales value was $28,625,000, with an average sale price of $477,083 and a median price of $514,000. The sales price exceeded the list price by 0.2%, and the average days on market were 26.5​.

2. Yearly Trends: In November 2022, there was a 200% increase in sales volume compared to 2021, and a significant increase in sales price (285%) and new listings (12.5%). The average days on market decreased to 6.5 days​. In contrast, November 2021 showed a decrease in sales volume by 12.4% and new listings by 14.2% compared to 2020​.

3. Historical Data: In November 2016, there was a 45.5% decrease in sales volume and a 22.6% decrease in sales price compared to 2013. The average days on market increased to 61 days​. However, November 2013 showed a substantial increase in sales volume (500%) and sales price (970.1%) compared to previous years​.

4. MLS® Home Price Index Benchmark Price (November 2023): The benchmark price for different property types showed a mix of decreases and increases over various time frames. For instance, the benchmark price for single-family homes was $627,100, showing a 1.4% decrease over one month but a 28.2% increase over three years​.

In Ottawa, as per the Ottawa Real Estate Board Market Update for November 2023:

1. Sales Volume: Home sales totaled 724 units, a slight reduction of 1.6% from November 2022. Sales were significantly below the five-year (31.8%) and ten-year (27.4%) averages for November​.

2. Prices: The overall MLS® HPI composite benchmark price was $628,900, a 1.4% increase from November 2022. The average price of homes sold was $633,138, a decrease of 0.8% from November 2022​.

3. Inventory and Listings: New listings saw a minor increase of 2.7% from November 2022, with 1,428 new residential listings. Active residential listings numbered 2,752 units, a substantial gain of 15.8% from the end of November 2022. Months of inventory increased to 3.8 at the end of November 2023​.

These statistics indicate significant fluctuations in the Limoges real estate market over the years, with recent trends showing a mix of growth and decline in different aspects of the market.

Sandy Hill Real Estate Market Update November 2023

 Sandy Hill, a vibrant and historic neighborhood in Ottawa, presents a dynamic real estate market as of November 2023. This analysis delves into the latest market trends, property features, and broader insights from the Ottawa Real Estate Board (OREB).

Market Overview in Sandy Hill

In November 2023, Sandy Hill experienced modest sales activity with 3 properties sold, reflecting a total dollar volume of $1,183,000. The average and median prices stood at $394,333 and $390,000, respectively. The sales to new listings ratio was 17.6%, with a median of 24 days on the market and a sale to list price ratio of 97.4%. The year-to-date figures were more robust, with 89 sales amounting to a dollar volume of over $42 million. The average and median prices for this period were $478,914 and $436,000, respectively, with a healthier sales to new listings ratio of 38.0%.

The MLS® Home Price Index (HPI) Benchmark Price for Sandy Hill stood at $503,600 in November 2023, indicating a slight decrease from the previous month and a modest increase compared to the same period last year.

Property Types and Features

Sandy Hill boasts a diverse array of property types, including single-family homes, two-storey houses, and apartments. Common features across these types include above-ground bedrooms, full bathrooms, and varying exterior walls, freshwater supplies, and heating systems. For instance, single-family homes in this area typically offer spacious living areas, multiple bedrooms (above and below ground), and often include garages and fireplaces.

Broader Ottawa Real Estate Market Trends

The overall Ottawa real estate market saw a slight reduction in sales in November 2023, with 724 units sold, marking a 1.6% decrease from November 2022. This was significantly below the five-year and 10-year averages. However, the overall MLS® HPI composite benchmark price in Ottawa showed a modest gain of 1.4% from the previous year, reaching $628,900. The prices varied by property type, with single-family homes averaging $708,900, townhouses/row units at $492,300, and apartments at $424,300.

Inventory levels also saw changes, with new listings in Ottawa increasing by 2.7% from the previous November and active listings rising by 15.8%, reaching the highest level for November in over five years.

Sandy Hill's real estate market, with its historic charm and diverse property options, mirrors the broader trends of the Ottawa market, balancing steady prices with a growing supply. The neighborhood's mix of architectural styles and amenities continues to attract a wide range of buyers, making it a significant contributor to Ottawa's real estate landscape.

Would you like an illustration to accompany this article, perhaps depicting typical North American-style homes or small mid-rise apartment buildings?

The State of Rockland Real Estate - November 2023 Update

The real estate market in Rockland has been undergoing significant changes, reflecting broader trends in the Ottawa area. This article explores these trends, focusing on sales activity, pricing, and market dynamics.

Recent Sales Trends

As of November 2023, the Ottawa area, encompassing Rockland, has experienced a slight decrease in home sales compared to the previous year, with a reduction of 1.6% from November 2022. However, this decline is part of a larger context where sales are 31.8% below the five-year average and 27.4% below the 10-year average for November.

Year-to-date home sales also saw a significant decline, dropping by 11.7% compared to the same period in 2022. Ken Dekker, President of the Ottawa Real Estate Board, attributes this to the usual slowdown during colder months and notes the increase in new and active listings, offering more choices in the market.

Pricing Dynamics

The pricing trends in Rockland mirror those in the broader Ottawa area. The MLS® Home Price Index (HPI), a more accurate indicator of price trends than average or median price measures, showed a modest gain of 1.4% in November 2023 compared to the previous year. The benchmark prices for different types of homes vary, with single-family homes at $708,900 (up 1.6% year-over-year), townhouses/row units at $492,300 (up 0.8%), and apartments at $424,300 (up 1.2%).

Interestingly, the average price of homes sold in November 2023 was $633,138, marking a 0.8% decrease from November 2022. This discrepancy between the HPI and average sale price highlights the variability in housing prices across different neighborhoods and property types.

Inventory and New Listings

One of the most significant changes in the Rockland real estate market is the increase in inventory and new listings. November 2023 saw a 2.7% increase in new listings compared to the previous year, with 1,428 new residential listings. Active residential listings numbered 2,752 units at the end of November, a considerable gain of 15.8% from the end of November 2022. This increase in inventory is notable, as it hasn't been this high in more than five years.

The months of inventory, which indicates the number of months it would take to sell current inventories at the current rate of sales activity, stood at 3.8 at the end of November 2023, up from 3.2 months in November 2022.

Conclusion

The Rockland real estate market is reflecting the broader trends seen in Ottawa, with a slight decrease in sales but a healthy increase in inventory, offering more choices for buyers. Prices are holding steady with modest increases in most housing types. Potential buyers and sellers in Rockland should carefully monitor these trends and work with real estate professionals to navigate the market effectively.