Take a look at the new website to showcase Mondrian condominium building. MondrianOttawaCondos.com is to serve anyone looking to get into the building, those currently in the building, and assist with anyone who is looking to rent out their unit.

The site features all units that are currently for sale in the building, which gives you a one-stop-shop for condos in that building. It features a Community Message Board, which allows anyone (including other real estate agents) to post their for rent ads. As well for those who are already in the building, they can find contact information for condo board staff (when the condo board is released) as well as store and restaurant locations in the area!

Powered by Matt Richling,  MondrianOttawaCondos.com is another website that helps him sell your condo for more, and faster.

For more information visit  MondrianOttawaCondos.com or MattRichling.com. If you would like to post your rental information visit the message board or email Matt@Mattrichling.com.

If you are looking for a unit for sale in the building please contact Matt Richling at 613-286-9501 or by email Matt@MattRichling.com.
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http://www.MattRichling.com

So it is the middle of the month. PERFECT opportunity to breakdown the current statistics for the Ottawa Condo Market. We are going to talk about three markets - Entire Ottawa, Downtown Core, and West Ottawa North.

ENTIRE OTTAWA

Currently in Ottawa there are 560 condo properties for sale across the entire Ottawa Real Estate board (107 of which are conditionally sold, but not sold firm). The average price for all these listed is $350,101. Over the last month (most accurate current information), the average price listed was $234,115 with the average sale being $230,111 - providing a 98% list to sale price ratio with average of 30 DOM (days on market). Total amount of condominiums sold in Ottawa, year to date is 2,650.

DOWNTOWN OTTAWA CORE

Currently in the downtown Ottawa core (see above map) there are 124 condominium properties for sale (16 which are conditional sold, but not sold firm). The average list price for these units is $543,868, which is high, mainly due to a fair number of new construction buildings listing the penthouse/larger units - in return raises the average). Over the last month (most accurate current information), the average price listed was $335,025 with the average sold price being $333,799 - providing a 100% list to sale price ratio with an average of 13 DOM (days on market). Total amount of condominiums sold in the downtown core, year to date is 375.

WEST OTTAWA NORTH

Currently in the west Ottawa north area (see above map) there are 62 condominium properties for sale (12 which are conditional sold, but not sold firm). The average list price for these units is $439,958, which is high, due to a couple high priced resale listings. Over the last month (most accurate current information), the average price listed was $294,412 with the average sold price being $289,578 - providing a 99% list to sale price ratio with an average of 39 DOM (days on market). Total amount of condominiums sold in the west Ottawa north area, year to date is 221.

RECAP

What does this mean? If you are looking in the downtown core, units are NOT lasting on the market. If you are relying on solely checking the MLS website, *YOU WILL MISS OUT ON PROPERTIES* especially in this market. Get signed up on an auto-notification search through your Realtor. Ensure he/she is sending you the listings asap, not one a one email per day or week setup. Also this data also shows that if you are willing to move outside the downtown core how much you can save. In most cases $40,000 or even up to $100,000 for certain parts of the city. Where do you want to live? What is your pre-approved (through a mortgage broker) amount, and what is your budget (sometimes these are two very separate numbers)?

If you would like more specific data about your area, or would like to talk about selling your home, please contact Matt Richling directly 613-286-9501 or by email Matt@MattRichling.com.

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http://www.MattRichling.com

Saturday, we saw the re-release of the SoHo Parkway. Designed by Gluckstein Design (which is founded by Brian Gluckstein) this 88 unit, 15 floor building consisting of mainly one and two bedroom units is located between Westboro and downtown at 201 Parkdale ave. (yes, directly across from Tunnys Pasture Government Complex).

There are currently 14 units remaining for purchase, ranging from $219,000 for a one bedroom (513 sqft) to $408,900 for a two bedroom (949 sqft) plus parking of $29,500 and locker of $3,000. Your monthly condo fees are aproximately $0.33 per sq ft plus hydro.

These prices include:

• Caesarstone Kitchen and Island countertops
• AEG Dishwasher
• AEG Built-in Wall Oven
• AEG Black Ceramic Cooktop
• Liebherr Frigerator and Freezer
• Panasonic Microwave
• Engineered Hardood Flooring in the living areas
• Cabano imported fixtures
• 9′ Ceilings with floor to Ceiling windows
• SoHo Black Card
• + Tons More!

Why SoHo? Check this video!

What do you think about this building? Did you buy a unit? Please leave your thoughts in the comments below!

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http://www.MattRichling.com

This Saturday one of Ottawa’s newest condominium buildings will be launching and if you are in the market for new construction here in Ottawa, you should be interested and excited! What makes SoHo Parkway stand apart from the other condominium buildings in Ottawa? Take a look at this video and you will fully understand!

I’ve reserved my spot well in advance, if you’d like to join me on Saturday, send me an email (matt[at]mattrichling.com) …i’d love to help!  I love hearing from my readers, so if you have any questions above and beyond what I posted, do give me a call

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http://www.MattRichling.com

Take a look at this perfect starter home. This three bedroom and two bath semi-detached is great for those looking for more space. Entertain in the open kitchen, dining room and living room. Go outside to the cedar deck and smell the bbq steak! Relax in your huge spa complete with soaker tub, rain shower head, and large master bedroom. Close to schools, river, boat launch, parks. Storage Shed, extra large paved driveway, ALL stainless steel appliances, backsplash… TONS of upgrades throughout.

For a private showing or for more information please call Matt Richling directly at 613-286-9501 or email Matt[at]Mattrichling.com .

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http://www.MattRichling.com

Over the past couple days, I have been spending a lot of time at the Mondrian showing the First Unit Listed For Sale and seeing other units in the building, including the Penthouse level suites. Currently work is being completed on the 13th floor with the 11th floor taking possession this week, moving at a rate of about one floor per week. Take a look at the current progress of the two storey Penthouse suites on the 24th floor.

Here are pictures of the view from the units. Below is facing North, with views of the river (yes I know…), parliament (again, yes I know…).

Below is the eastern view that you would have from the unit facing down Laurier.

Below are your southern views, looking down Bank Street and great view of Hudson Park Condominiums.

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http://www.MattRichling.com

The two beautiful Edison semi’s were featured again today during a special brokers open house. The homes were very busy with many agents in and out all morning. If you still have not had a chance to get inside, do not miss out! The workmanship on these units, the price, and the features coming included is not comparable to anything else on the market!

For more pictures check out the full post on the two semi-detached homes HERE. To get inside contact me directly at 613-286-9501.

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http://www.MattRichling.com

Matt Richling is a sales representative with RE/MAX Affiliates Realty Ltd., Brokerage, Independently Owned and Operated - The opinions of the authors expressed herein do not necessarily state or reflect those of the RE/MAX or RE/MAX Affiliates Realty Ltd., Brokerage.

For those of you, who missed the pre-sale of units for Mondrian and have since been waiting anxiously for them to start going on sale, that day has finally come. The first unit to come available in the building, unit 913 has now available on the Multiple Listing Service. The 669 sqft (95 of which being the balcony) unit features enormous wall to wall, floor to ceiling windows with great southern views of Bank Street, exposed concrete ceilings (9ft) and columns. This unit also comes with plenty of upgrades including beveled walnut floors throughout, beautiful granite counter tops, stainless steel appliances.. etc. Attention ladies? Your new unit comes complete with your very own walk-in closet! Parking, in-unit laundry, pool, security, concierge, high speed elevators, storage locker, exercise room, party room…. The list goes on!

Listed at $285,000 with condominium fees of approximately $275 per month, you can be inside a great unit today for a excellent price! If you are interested, take note that the owner is currently out of the country, so all offers are being presented on September 8th. Time is of the essence, the unit will not last!

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http://www.MattRichling.com

Matt Richling is a sales representative with RE/MAX Affiliates Realty Ltd., Brokerage, Independently Owned and Operated - The opinions of the authors expressed herein do not necessarily state or reflect those of the RE/MAX or RE/MAX Affiliates Realty Ltd., Brokerage.

Last week I took a tour of the remaining condominium units at 90 George Street. The above 3.5 million dollar view is from the northwest penthouse, a two story crown jewel that tops the 104 unit building. The unit itself is currently under construction hence the lack of interior pictures, but I can tell you that of the features that have been decided include a floating staircase, large wine cellar, enormous walk in shower, full unit speaker system throughout the unit, and much more. Don’t forget this is all on top of the building’s already high standards, and “cosmopolitan luxury” does not give it justice. Rumored to be Ottawa’s equivalent of the infamous Trump Towers, most can dream to attain such an address.

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http://www.MattRichling.com

The housing market in Ottawa was hot again, despite not so great weather which (most think) fueled the resale housing market. Members of the Ottawa Real Estate board sold 1,577 residential properties in July 2009 compared to 1,414 in July 2008. That is an increase of 11.5 percent over 2008.

Home values saw an increase with the average condominium sale price rising 2.9 percent over July 2008 to $216,826. Residential homes saw an increase of 1.2 percent over July 2008 to $322,795.

“Ottawa’s resale housing market had another strong month in July, and strong sales in the past few months have brought year-to-date sales to 2.6 per cent higher than in 2008,” said Board President Rick Snell. “High demand combined with a very low listing inventory is creating a very strong seller’s market with multiple offers and an increase in prices,” he added.

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http://www.MattRichling.com

Matt Richling is a sales representative with RE/MAX Affiliates Realty Ltd., Brokerage, Independently Owned and Operated - The opinions of the authors expressed herein do not necessarily state or reflect those of the RE/MAX or RE/MAX Affiliates Realty Ltd., Brokerage.