Hintonburg

Ottawa Condo Market Statistics - March 2019

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Every month we take a closer look and brake down the sales data of downtown condos from the previous month. Here are the statistics for March 2019 and the top five "downtown" area's - Centretown, Byward Market and Sandyhill, Little Italy (which includes Lebreton Flats), Hintonburg, and Westboro. The information will be specific to apartment style condominiums, and only what sold through the MLS. Also, DOM (Day's On Market) is calculated to include the conditional period, which in Ottawa is almost every single transaction to be roughly 10-14 days.

Centretown - Stats (1).jpg
Byward Market & Sandy Hill -  (2).jpg
Little Italy - Stats (2).jpg
Hintonburg - Stats (1).jpg
Westboro - Stats (2).jpg

Do you have any questions about how this information affects your investment or looking for more information to make the best decision about your purchase? Let’s chat! Fill out the form on the bottom of the page.

Ottawa Condo Market Statistics - February 2019

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As we do every month, we have taken a closer look and broken down the sales data for the month of February 2019 for the top five "downtown" area's - Centretown, Byward Market and Sandyhill, Little Italy (which includes Lebreton Flats), Hintonburg, and Westboro. The information will be specific to apartment style condominiums, and only what sold through the MLS. Also, DOM (Day's On Market) is calculated to include the conditional period, which in Ottawa is almost every single transaction to be roughly 10-14 days.

Ottawa Condo Centretown - Statistics February.jpg
Byward Market & Sandy Hill - February.jpg
Little Italy - Stats.jpg
Hintonburg - Stats.jpg
Westboro - Stats.jpg

Do you have any questions about how this information affects your investment or looking for more information to make the best decision? Let’s chat! Fill out the form on the bottom of the page.

Ottawa Condo Market Statistics - January 2019

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As we do every month, we have taken a closer look and broken down the sales data for the month of December 2018 for the top five "downtown" area's - Centretown, Byward Market and Sandyhill, Little Italy (which includes Lebreton Flats), Hintonburg, and Westboro. The information will be specific to apartment style condominiums, and only what sold through the MLS. Also, DOM (Day's On Market) is calculated to include the conditional period, which in Ottawa is almost every single transaction to be roughly 10-14 days.

Ottawa Condo Centretown - Statistics January.jpg
Ottawa Byward Market & Sandy Hill Condo - Stats January 19.jpg
Ottawa Condo Little Italy - Stats January 2019.jpg
Ottawa Condo Hintonburg - Stats January 2019.jpg
Westboro Condo Ottawa - Stats January 2019.jpg

Do you have any questions about how this information affects your investment or looking for more information to make the best decision? Let’s chat! Fill out the form on the bottom of the page.

Ottawa Condo Market Statistics - December 2018

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As we do every month, we have taken a closer look and broken down the sales data for the month of December 2018 for the top five "downtown" area's - Centretown, Byward Market and Sandyhill, Little Italy (which includes Lebreton Flats), Hintonburg, and Westboro. The information will be specific to apartment style condominiums, and only what sold through the MLS. Also, DOM (Day's On Market) is calculated to include the conditional period, which in Ottawa is almost every single transaction to be roughly 10-14 days.

Market - Centretown.jpg
Market - Byward Market and Sandy Hill.jpg
Market - Little Italy.jpg
Market - Hintonburg.jpg
Market - Westboro.jpg

Questions about how these numbers affect your investment/condo? Let’s chat! Fill out the form on the bottom of the page.

Ottawa Condo Market Statistics - November 2018

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As we do every month, we have taken a closer look and broken down the sales data for the month of November 2018 for the top five "downtown" area's - Centretown, Byward Market and Sandyhill, Little Italy (which includes Lebreton Flats), Hintonburg, and Westboro. The information will be specific to apartment style condominiums, and only what sold through the MLS. Also, DOM (Day's On Market) is calculated to include the conditional period which in Ottawa is almost every single transaction to be roughly 10-14 days.


Ottawa condo real estate statistics Centretown.jpg
Market - Byward Market and Sandy Hill.jpg
Market - Little Italy.jpg
Market - Hintonburg.jpg
Market - Westboro.jpg

Questions about how these numbers affect your investment/condo? Contact us to chat more!

Condos + Babies: Interview With Sam

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We sat down with Sam Hetz who is the Owner and Medical Director at Concept Medical to ask him about his first hand experience with having and then raising his daughter while living in their condo. Sam and his wife Hana, raised their daughter Ava in a 1057 sqft two bedroom two bathroom hard loft in Hintonburg.

Hana, Sam, and Hana

Hana, Sam, and Hana

What are some of the biggest issues you had raising Ava in the condo? How were you able to overcome them?

We actually found it a total breeze. Given we had two bedrooms, it made it easier than what I think it would have been if we had a smaller space. The only concern we had was that we have a loft-style condo, with open spaces at the top of the door way, which means sounds travel very easily! In the end, this was actually a benefit, as Ava got use to having ambient noice, and now sleeps through anything! Now that Ava is almost 3 years old, we have found that she is expanding her real-estate and taking over more of the condo.  

Babies take up a lot of space, how did you cope? Any tricks?

The first thing would be to buy what you NEED not what you think you’ll need. Babies, especially in the first 6 months really only require the basics. Loading up your condo with extras is a sure way to fill up your space - and stretch the budget. Second, is organize - we installed a closet organizer (thanks, Ikea) which maximized our storage space. As well, we purchased a crib that has an attached changing table and numerous drawers, and internal shelves which allows us to tuck away diapers, etc… 

You live in an open loft, how did you handle noise and keeping things quiet or getting sleep yourselves?

Honestly, this was a non-issue for us (see question 1). At first it was a major concern of ours. However, I think if your baby gets use to surrounding noise, they become use to it, and are able to fall asleep.  

What did you need and what did you waste your money on?

One of the best things we received as a gift was a Diaper Gene. So worth it! It takes up very little room, and kept our condo smelling fresh! If you’re not fortunate to receive one as a gift, it’s worth the buy. I would say the one disappointing buy was a Jolly Jumper. It DID take up a lot of space, and our daughter out grew it really quickly. Given the set up/take down in the condo, I likely wouldn’t buy another one unless we had more space. Oh, and being in a condo we really had NO need for a baby monitor (although we did buy one as well). 

Did you raise, or do you know someone who raised their child in a small space? We would love to talk to them - we want to help expecting parents with things that can help them with this upcoming transition! Click the button and fill out the form below!


Ottawa Condo Market Statistics - October 2018

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Each month we take a closer look at the previous monthly condo sales data for the top five "downtown" Ottawa area's - Centretown, Byward Market and Sandyhill, Little Italy (which includes Lebretown Flats), Hintonburg, and Westboro. The information will be specific to apartment style condominiums, and only what sold through the MLS. Also, DOM (Day's On Market) is calculated to include the conditional period which in Ottawa is almost every single transaction to be roughly 10-14 days. Questions?


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Market - Byward Market and Sandy Hill.jpg
Market - Little Italy.jpg
Market - Hintonburg.jpg
Market - Westboro.jpg

Questions? Want to know how it affects your condo? Fill out the form below and let’s chat.

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Ottawa Condo Market Statistics - September 2018

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Every month we take a closer look at the sales data for the previous month for the top five "downtown" area's - Centretown, Byward Market and Sandyhill, Little Italy (which includes Lebretown Flats), Hintonburg, and Westboro. The information will be specific to apartment style condominiums, and only what sold through the MLS. Also, DOM (Day's On Market) is calculated to include the conditional period which in Ottawa is almost every single transaction to be roughly 10-14 days. Questions?


CENTRETOWN

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Huge jump in the average selling price for Centretown condos this year compared to September of 2017. Part of the reason for the large jump was due to a number of sales over the $500k mark. Over last month, we saw a similar number of new listings, while we saw quite a few more properties sell (33 vs 24). The list to sold price ratio stayed about the same, with the days on market increasing slightly (63 vs 51).


BYWARD MARKET AND SANDY HILL
(INCLUDES LOWERTOWN)

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Compared to last month, the Byward Market saw a healthy jump in average sold price with the number of sold condo units fell over last month (16 vs 24). Other than the differences in sold price, September of 2018 is pretty much the same as last year.


LITTLE ITALY
(INCLUDING LEBRETON FLATS)

Market - Little Italy.jpg

Little Italy continues to see fewer sales compared to new listings which is great if you are a buyer looking to enter. The average selling price is up over last month (362,330) and last year (329,086). Take the sold data with a grain of salt, since there is only a few sales to provide an average.


HINTONBURG

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Hintonburg continues to be an area with healthy demand and very few options for buyers. Lots of older product with very few modern buildings that continue to cause havoc on the numbers. Like last month, we saw the same amount of new listings that ended up selling, providing no increase or decrease to number of available product. With that, the DOM and list to sold price continue to weaken. We are seeing first hand that nice product that is priced right will sell quick!


Westboro

Market - Westboro.jpg

Westboro continues to stay in great shape with one of the highest average selling prices. The DOM tightened up over last month, however we saw more activity which brought the other numbers more in line with what we are seeing across the city.


Looking for specific information about an Ottawa condo building or area? Thinking of buying and maximizing your dollar? Let's chat. Fill out the form below.

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Ottawa Condo Market Statistics - August 2018

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We have taken a closer look at the sales data for the month of August 2018 for the top five "downtown" area's - Centretown, Byward Market and Sandyhill, Little Italy (which includes Lebretown Flats), Hintonburg, and Westboro. The information will be specific to apartment style condominiums, and only what sold through the MLS. Also, DOM (Day's On Market) is calculated to include the conditional period which in Ottawa is almost every single transaction to be roughly 10-14 days.


CENTRETOWN

Ottawa Condo Market Statistics Centretown

The market in Centretown slowed down over the month of August as most buyers and sellers are typically traveling or enjoying the summer before heading back to work. Compared to last month, (July 2018 stats) we saw our average selling price drop from $371,512 to $358,201, and only 32 new listings to July's 48. List to Sold prices came back to along what it was last year. 

What does this mean? While you could argue things slowed down, the lack of demand (fewer buyers) showed its head, and unless we see an increase in new listings in September, the DOM and list to sale price ratio will tighten up as there will be less to buy. We saw a more balanced market in August.


BYWARD MARKET AND SANDY HILL
(INCLUDES LOWERTOWN)

Market - Byward Market and Sandy Hill.jpg

Compared to July, we saw a $90,000 reduction in average sale price, fewer days on market, and a tighter list to sold price. In August we saw an equal amount of new listings to sold listings.

What does this mean? There was a higher demand for lower priced properties, and a strong pull from investors looking in that sub 300k market. The low amount of new listings, shorter days on market, and higher list to sold price ratio means things can easily jump in September unless we see more product come on the market. A sellers market below $300k, and a buyers market above $300k.


Little Italy
(INCLUDING LEBRETON FLATS)

Market - Little Italy.jpg

The seven sales in July were hot, which is evident in the 99.7% average list to sold price and the 35 average days on market. The average selling price dropped, which needs to be taken with a grain of salt since we have such low number of data points.

What does this mean? The properties that sold, were priced well and hot for the buyers looking. Its a buyers market, unless you are looking at one of the hot listings. Last month saw 14 new listings with only 4 sold. 


HINTONBURG

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Looking at the differences over last year might give you a scare - however with such few data points, you need to understand it is not a perfect example and rather use trends to better understand the market. We saw more new listings and more sales this month than last month. The days on market stayed the same, and the average selling price dropped. Other than price, things have certainly improved over last year!

What does this mean? As with other areas, the amount of sales below the 300k continue to dominate. The market has certainly improved over last year, and I would be willing to bet that next month you will see the selling price jump back up. The lower DOM over last year still signifies that more buyers are looking here than before, and would be a good time to sell!


WESTBORO

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Like last month, Westboro continues to be one of the hot markets with high prices and low inventory. A very tight List to Sold Price ratio and such few new listings makes this a unique market when you see the high DOM. The right properties are selling for close to ask, but taking longer. I would be willing to bet that September will see DOM drop.


Looking for specific information about a building or area? Thinking of buying and maximizing your dollar? Let's chat. Fill out the form below.

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Ottawa Condo Market Statistics - July 2018

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Let's break down some specific data for the month of July for the top five "downtown" area's - specifically Centretown (including Golden Triangle), Byward Market and Sandyhill, Little Italy (which would include Lebreton Flats),  Hintonburg, and Westboro. The information will be specific to apartment style condominiums, and only what sold through the MLS. Also, DOM (Day's On Market) is calculated to include the conditional period which in Ottawa is almost every single transaction to be roughly 10-14 days.


Centretown

Ottawa Condo Market - Statistics Centretown.jpg

The market in Centretown continued to tighten for July which is noticeable in the higher list to sold price ratio of 99.1% compared to 98.8% (from last month) and the fewer days on market of 43 compared to 46 (from last month). We still have a similar amount of new listings as last month, however the amount of units that sold have dropped from 43 (June) to 29 (July). Prices are up compared to last year, however holding about the same as last month.

What does this mean? While things have tightened up, the numbers would show that there is going to be more units available going into August. This might ease up the DOM, Sold Price Ratio, or the average sold price - more supply with equal or less demand.... Could be seeing a shift to a more buyer focused market.


Byward Market and Sandy Hill
(Includes Lowertown)

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Compared to last month we have seen similar numbers except for two. The average price has jumped from $362,773 in June 2018, to $410,517 for July 2018. Keep in mind that in May 2018 it was almost $400k, so the large change is expected and due to the few number of data points that are used can vary the number. At the same time, the days on market has increased from 50 last month, to 84 this month. Note - the DOM hit 162 days back in January of 2016.

What does this mean? With the DOM jumping up to 84 days, yet amount of new and sold listings staying almost the same as last month, we would expect the price to come back down or the list to sold price ratio to drop. Still continues to be more of a buyers market, especially with the higher DOM, lower LTS price ratio, etc. 


Little Italy
(Including Lebreton Flats)

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Average price has jumped over last month (June 2018) to $395,175. However that is based on the only four sales that happened this month. We continue to see more new listings, and fewer sales. DOM has increased to 50 days and the LTSP ratio has nudged up to almost 98.9%. 

What does this mean? A buyers market. Higher DOM, more options (listings), etc. With only four sold it means you have less competition. However the high LTSP ratio says that for the sellers who are serious, and priced right, you can and will sell.


Hintonburg

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The average sold price has dropped to $318,173, when it was $374,620 last month (June 2018). Activity has dropped (both new and sold listings), and the LTSP ratio edged up slightly. 

What does this mean? More of a sellers market. With fewer units available overall, a higher sold price ratio, and a somewhat low DOM, It would be a good time to sell. Buyers will want to see more supply, or need to be quick on their feet for the best units.


Westboro

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The average price is up over last month, but down over this time last year. Less activity then last month, but similar ratio of new vs sold units. Same LTSP ratio as last month with DOM increasing slightly. 

What does this mean? Sellers market. Highest average price, and highest LTSP ratio, along with the similar ratio of new vs sold listings, make it a very difficult buyers market. Not much negotiating is going on. Chances of multiple offers are strong. Again, the higher price point is due mainly to the larger, longer planned living (compared to the studio and sub 600sqft units in Centretown etc.).


Looking for specific information about a building or area? Thinking of selling and want to get the best return? Let's chat. Fill out the form below.

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Ottawa Condo Market Statistics - June 2018

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Often, real estate is defined by its numbers and data - we can report on "hard facts" to provide a picture of the market. However, when we receive the standard monthly updates from the Ottawa Real Estate Board, I find it quite frustrating that the data reported for "condominiums" is board wide - meaning any property type that was listed as a condominium in any area. (This isn't a rant - there are too many micro markets across the city for them to report). What this means is that the information isn't compared by location (downtown vs Kanata) or property type (example - apartment or townhome) which can often mask or hide very interesting or specific information on a more detailed level. We all (should) know that there is a huge difference in price between a townhouse style condo in Kanata, versus a modern downtown highrise apartment in Centretown. 

Let's break down some specific data for the top five "downtown" area's - specifically Centretown (including Golden Triangle), Byward Market and Sandyhill, Little Italy (which would include Lebreton Flats),  Hintonburg, and Westboro. The information will be specific to apartment style condominiums, and only what sold through the MLS. Also, DOM (Day's On Market) is calculated to include the conditional period which in Ottawa is almost every single transaction to be roughly 10-14 days.


Centretown
(North of 417, Canal to the East, Bronson to the West, Parliament Hill to the North).

Ottawa Condo Market Stats June 2018 Centretown 2.jpg

Overall the average sold price for a Centretown condo over the last month is $371,998.00 which is up compared to a year ago, which saw an average list price of $347,394.00. The average DOM is at 46 which is an improvement over last year at 80 days (Keep in mind that includes the conditional period). The list to sale price ratio has increased to just under 99%, and a nice increase over last year at just above 97%. In June, we saw only 47 new listings, with 43 sales.

What does it mean? A healthy increase in the demand for condos located in Centertown. A much more balanced market, with prices continuing to rise at a very marginal rate. One thing to note is that the DOM from two years ago was up to a whopping 85 days. Based on what was listed vs sold, I would expect the market to be more of a Seller's market unless we see more listings!


Byward Market and Sandy Hill
(Includes Lowertown)

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The average sold price this month in the Byward Market and Sandy Hill has dropped slightly to $362,773. The DOM has dropped to 50 days, and much better than it was 3 years ago - 75 days. The list to sale price ratio held the same around the low 97%.

What does this mean? Prices are lower and becoming more attractive to buyers which is helping to reduce the DOM. Slightly more leaning towards a buyers market then for selling. With the DOM lowering you should see the list to sale price ratio increase.


Little Italy
(Includes Lebreton Flats)

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The average sold price for a condo in Little Italy is down to $386,900. The average DOM is up to 47 days, with the one year at 45 days. The average list to sold price ratio is up to 98.1%. Overall there are less new listings with a few more sales compared to last year.

What does this mean?  Since there are fewer buildings which mean fewer sales, the numbers will be affected more by each sale. Lower prices will drive the DOM and sale price ratios as buyers compare them to other areas. The number of listings will increase, and as prices drop, the number of sales will increase. Great market if you are a buyer looking for options with less competition.


Hintonburg

Ottawa Condo Market Statistics - Hintonburg.jpg

The average sold price in Hintonburg lowered slightly from last year, to $374,620. More sales and a much tighter list to sold price ratio have dropped the DOM to less than half - now 39 days from the 89 days a year ago. 

What does this mean? It is much more of a seller's market than a buyer's market. I think it will get tighter unless we see more listings. More buyers looking to move more west! It is a great time to sell.


Westboro

Ottawa Condo Market - Westboro Statistics.jpg

The average sale price in Westboro is up from last year to $474,406. With 17 new listings and 17 sold properties. The highest list to sold price ratio in any of the five area's at 99.4%! The DOM is also quite low at 37!

What does this mean? A hard market if you are a buyer. Considering that almost all condos will sell with a conditional period for status certificate review of 10-14 days, the DOM of 37 is very good for sellers.  The higher price point is due mainly to larger, longer term planned living (compared to studio's and sub 600sqft units found more in Centretown and Byward Market). 

Are you looking for more information about a specific area or building? Thinking of selling or buying? Let's chat - click on the button below!

Tamarack Wellington Phase 2 Construction?

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Tamarack-Wellington-Construction-Update-2.jpg

A few people have expressed interest in the construction located behind Tamarack Wellington, as it looks like they are building a phase two. They are, however, it is going to be a luxury rental building with approximately 179 residential rental units. The building is located at 1140 Wellington and the occupancy is to start this summer! Visit Tamarack's website for the project here: www.1140wellington.com

Yard & Station - Construction Update

Yard and Station Condos Ottawa For Sale

Construction is almost complete and occupancy has begun at Morley Hoppner's Yard & Station which is located at 12 Stirling Avenue in Hintonburg. This luxury low-rise loft building was designed by lead architect Barry J Hobin & Associates. Only one unit still remains available for purchase, an 1807 sqft loft for $939,000 (price is up from earlier in the year). The lower units have started occupancy and the finishing details have started on the other two floors. 

Click to expand the floorplan for the last available unit below - yes, it is very impressive. Two bedrooms plus large den, along with two bathrooms, separate laundry room, direct access from the elevator, etc. This is certainly not shoebox living. 

For more information about loft living in Ottawa fill out the form below. Matt Richling (salesperson at RE/MAX Hallmark Realty Group) is focused on downtown living and helping buyers with finding the perfect investment space. 

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Yard and Station - Construction and Sales Update

Yard and Station Condos Ottawa
Yard and Station Condos Ottawa 2

Yard and Station, which is a low rise, luxury, loft building, is located at 12 Stirling Avenue (at Scott) in Hintonburg. The three storey building will be completed this year and only one of the nine units is still available for sale. The unit is priced at $899,000 plus parking and locker ($35,000) - and is 1807sqft of indoor space plus 130sqft of outdoor space. Yard And Station is being built by Ottawa based Morley Hoppner and the lead architect is Barry J. Hobin & Associates

Yard And Station Ottawa Condos

For more information about Yard and Station condos, or pre-construction condos in Ottawa, Contact me - I would love to help!

The Eddy - First Look Inside

The Eddy Hintonburg Condos Ottawa

Here is a first look inside of Windmill Developments newest building, The Eddy. Located at 1000 Wellington Street West in Hintonburg, The Eddy is a six storey, 52 unit building with units ranging from 675 sqft to 1079 sqft. Units have been occupied and all purchased units closed on by the owners/handed over from the builder. 

These photos are of the 623sqft Penthouse Albany model, which is a one bedroom one bathroom, north facing above Suzy Q and the Taco lot. The unit is currently for sale, listed at $342,500 with a monthly condo fee of $260 which covers the heat, water, building insurance, property management, and etc. For more information on the unit for sale, contact my colleague Anthony Donnelly (salesperson at RE/MAX Metro City Realty Ltd) at 613-866-1555 or click HERE.

Also get a full 3D walkthrough of the unit CLICKING HERE - warning it is pretty image heavy and takes a bit to load, but worth checking out. 

As you can see, exposed concrete ceiling and walls, exposed ductwork, high quality finishes, and quartz counters are some of the interior finishes. Building features puzzle parking system, rooftop terrace, hot tub, bbq area, and bike storage. Aiming for LEED Platinum.

Interested in The Eddy? I would love to chat.

The Eddy - Half Price Parking For Remaining 8 Units

The Eddy Condos Ottawa Logo
Exterior shot of Windmill Developments project The Eddy 

Exterior shot of Windmill Developments project The Eddy 

In order to help sell the remaining units of The Eddy, Windmill Developments has reduced parking fee in half to $16,000. Only eight of the 52 units currently remain available, and range from $339,000 for The Magee which is a 675sqft one bedroom, up to $499,560 for The Reid a 1060sqft two bedroom (see floorplan below). Condo fees are at $0.35 per sqft per month.

The Eddy was recently featured on CTV news for having the first "puzzle parking system" in Ottawa. Click Here to watch the news clip.

For more information on the remaining units at The Eddy, or Windmill Developments other downtown projects, fill out the form below.

The Reid Floorplan at The Eddy by Windmill Developments.

The Reid Floorplan at The Eddy by Windmill Developments.

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