Oasis Realty Brokerage, Ottawa Real Estate we don't "sell" you a house...we help you buy the "right" home!

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Dawn Davey
613-435-4692(Office)
613-435-4698(Fax)

Ottawa, Ontario, K2S0H6
Canada


Gord McCormick
613-435-4692(Office)
613-435-4698(Fax)

Ottawa, Ontario, K2S0H6
Canada


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Click for the BBB Business Review of this Real Estate in Ottawa ON





Seasonality of sales a concern for sellers


As the leaves fall, so does the number of potential buyers-get it sold now!

We still have a few weeks of good fall selling season ahead of us but these are dwindling quickly and we are already almost half way through the strongest portion of fall sales. 

Sept-Oct sales already 36% lower seasonally than busy spring season!
Sellers should be aware that though business is steady in September and October the rate of sale is far below what we experience in the busier spring and summer market.  The average number of unit sales is 36% higher in April-June than we can expect in September and October.

The number of unit sales in September and October is similar, although both months are typically 10-12% lower in unit sales than the month of August.

Things get worse after the end of October with the # of sales dropping by 13% from Oct to November and a whopping 32% from November to December.

So sellers really must do whatever it takes to get a deal in October if at all possible, particularly this year where we are burdened with a slowing/flat market and a great deal of listing inventory. (Plus some of the best builder incentives on new construction homes that we have seen in the last 10-15 years!)

October listing deal
See our facebook page at https://www.facebook.com/pages/Oasis-Realty-Brokerage-Ottawa/209265863918  for a special limited time offer that helped our most recent seller *save over $12,000 in commission and HST while getting their property sold in only 15 days via our full service listing program!
* compared to typical 5% real estate fees/commissions.
Not intended to solicit those with existing representation agreements

If you are looking to buy &/or sell this Fall, please feel free to give us a call and we would be happy to review your specific requirements and discuss a strategy for you. 613-435-4692
 

Gord McCormick, Broker of Record
Dawn Davey, Broker
Oasis Realty Brokerage
613-435-4692
oasisrealty@rogers.com

www.oasisrealtyottawa.com

Full service…for less!


Listing inventory overage continues to pressure sellers in August


Ottawa Real Estate Market Results August 2014

Residential sales steady, condos lag, listing inventory high, prices flat

A tougher market environment for most sellers continues in Ottawa, based on August 2014 results from the Ottawa Real Estate Board.  While there appears to be reasonable activity and underlying demand, the large excess inventory situation is making the resale market very competitive.  Good for buyers but not so good for many sellers.

Residential properties: modest gains
Unit sales for the month were slightly higher (+3.9%) than a year ago and 5.4% higher than the 5 year average for August.  Year-to-date transactions are only slight ahead of last year at 1.9%

Average prices increased 1.9% during the month and on a year to date basis the average price of properties sold is up 1.1%.

Condo sales and prices continue to suffer:
Condo unit sales were 19.5% lower during the month of August than last year and 18.9% lower than the 5 year average.  Year-to-date unit sales are behind 8.1% and prices off by .7%

Listing inventory still a major factor:
Residential listing inventory at month’s end was 13.3% higher than last year and 39% higher than the 5 year average.

Condo listing inventory is 14% higher than last year and 71.3% higher than the 5 year average. 

Cumulative days-on-market means short selling window:
The average time to sell this year has been 81 days for a residential property and 86 days for a condo.  This means that those listing now have a short selling window (60 days or so) to get their properties sold before the market really starts its winter trough in mid November.  See the table below with historical sales transactions by month:

Month 

2012

2013

2014

Jan

682

602

589

Feb

1008

914

870

March

1388

1167

1189

April

1568

1573

1420

May

1890

1804

1792

June

1662

1594

 

        1661

 

July

1376

1339

          1445

August

1145

1219

          1203

Sept

995

1119

 

Oct

1021

1069

 

Nov

928

891

 

Dec

615

610

 

* Full Service Listing Special! 3.5% (ends October 15th, 2014)

We’ve sharpened our pencil to help assist our residential listing clients by offering a full service listing program at only 3.5% for listings taken this month.  Buyers can also take advantage of our 20% buyer bonus this Fall. (condos and country residential properties slightly higher)

Call or email for details.  oasisrealty@rogers.com  613-435-4692

* not intended to solicit those with existing representation agreements. 

Gord McCormick, Broker of Record
Dawn Davey, Broker
Oasis Realty Brokerage
613-435-4692
www.oasisrealtyottawa.com

Full Service…for less!


Ottawa real estate: key questions for 2014


2013 was certainly a slowing year in Ottawa real estate, with residential prices inching up only at an inflation level and the average condo price actually decreasing.  This was a significant difference from the results over the last decade where more bullish results were recorded.  So where does that leave us for 2014?  Here are some of the key questions we are asking ourselves:

Listing Inventory:
Will the current excess listing inventory ease or will we see a further increase in the # of listings heading in to spring which could threaten the supply/demand balance?

How many seller listings which did not sell in 2013 will be recycled as “new listings” in 2014? (New listings:sales ratio was poor in 2013 and a lot of listed properties did not sell)

Condo’s:
Will the resale condo market continue to suffer versus new construction?  Will there be as many project announcements this year as we have seen in recent years?
Will we see more suburban condo projects on the horizon?
Will expected revisions to the Condo Act help address some of the issues plaguing condo owners? See:  www.condoinformation.ca  

Local Economy:
Will Federal budget restraint play a detrimental role in the local economy? Particularly, in the case of DND which accounts for a large % of government relocations and spending?
Will job losses/headcount reductions in the Federal Government and larger high tech companies continue to be offset by job growth in the private sector and tech start-ups?
Will local or provincial governments add more taxes affecting real estate to help pay for large transit and other infrastructure projects?

New Construction:
 Will condo sales and actual building/completions keep pace with project approvals? Will we see less new projects announced?
Will builders of new construction homes continue to be as aggressive with their building plans and buyer incentives?
Has demand eased for high end “infill” construction properties in high demand urban areas?

Buyers and Sellers:
Were some buyers sitting on the sidelines in 2013 waiting for a market dip or correction?  If so, will these buyers now return to the market given that a correction did not occur?
Were buyers and sellers even further apart on price expectations than normal in 2013, given the wide range of industry headlines during the year?

 Regardless of which way the market trends, we suggest that active buyers or sellers stay close to their REALTOR® and therefore stay up to the minute on market conditions affecting their plans, as market conditions can change on a daily and weekly basis. For boutique level service and big savings on listing fees, please feel free to consider us if you are not already committed to working with another real estate professional.

* not intended to solicit those with existing representation agreements

Gord McCormick, Broker of Record
Dawn Davey, Broker
Oasis Realty Brokerage
oasisrealty@rogers.com
613-435-4692

Full Service…for less!


Recent Posts



20% Buyer Bonus program! REALTOR® referrals welcome


Oasis Realty is offering a 20% rebate for buyers as an introduction to our services. That's right! For example, if you purchase a home for $400,000 and the buyer representative commission is 2.5%, then we will pay you $10,000 x 20%-$260 HST=$1,740 cash within 30 days after closing! THIS APPLIES TO BOTH RESALE AND NEW CONSTRUCTION PURCHASES! Who wouldn't find some extra cash handy when moving in to a new home? (if you also have a home to sell then you would get the better of the 20% buyer rebate or the discount on our buy/sell commission rate but not both) * not intended to solicit those with existing buyer representation agreements. 613-435-4692 oasisrealty@rogers.com


"Full Service...for less" means lower real estate commissions!


As an independent non franchised local broker, we are able to charge less for our boutique style quality full service offerings for residential buyers and sellers.  Our total fees range from 2.5% to 3.75% for most properties (depending on the transaction circumstances), saving sellers 25-50% off typical 5% commission rates.  On a typical $400,000 sale, this amounts to savings of  $5,650-$11,300 in commission and HST.  Worth considering, right?

See the tab at left titled "Sellers: what we do for you" to see the amazing range of quality marketing we do for our listed properties. 

For a no charge no obligation market assessment of your property feel free to give us a call at your convenience. 613-435-4692

Buyers and sellers alike will benefit from 2 brokers working for them and our near 20 years combined real estate experience.

not intended to solicit those with existing representation agreements with other real estate professionals.

Gord McCormick, Broker of Record
Dawn Davey, Broker
Oasis Realty Brokerage
oasisrealty@rogers.com
613-435-4692

 


Welcome to Oasis Realty, Brokerage


 

 

 

In today's real estate market environment, it just makes sense to be represented by a real estate professional and beat other buyers to new listings.  We constantly hear from buyers who follow new listings on their own, only to find out many properties are already sold by the time they see them.  As your buyer representatives, we will help insure you get immediate notification of all new listings that meet your buying criteria.  We will provide you notification to the hottest new homes for sale in Ottawa with our "Instantaneous listing notification service" and you will never miss out on a hot new listing again. See the "Home Search" page at left for details.

 

 

 

Welcome to Oasis Realty, Brokerage your source for Ottawa real estate which offers Quality Service & Affordable Rates!

Whether you are buying or selling a home, hire us as your executive team.  We will be your researchers, marketing and advertising managers, administrators and sales executives in a consultative approach.  We can show you any property listed on MLS®, private  sales, and  new construction homes or condos from builders .   We have earned our "Broker" level registration; a title only 1 of out of 5 real estate professionals have. (source Real Estate Council of Ontario) Put our knowledge and professionalism to work for you during this major change in your life!

In addition, if you have any general questions about buying or selling real estate in Ottawa, please contact either Dawn or Gord as we would be most pleased to help.


Sincerest Regards,

Dawn Davey, Broker

Gord McCormick, Broker of Record

613-435-4692

oasisrealty@rogers.com or text to: 613-371-9691

 

Let us help you buy &/or sell your "Oasis" !


 


 

 


 
 

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