Ottawa Real Estate Market Watch Update – Jeff Lyons P.Eng.

Jeff Lyons, Team Lead for Power Lyons Property Marketing, was doing some homework for a buyer client and thought to publish this information  in his blog. Jeff gathered data for average list price to sale price ratios for homes that have sold in the last 5 months, as well as the average days on market for these homes.  The criteria were geographical location below, for homes listed in the $680k-$980k price range.  Below is a summary of the data from November 1st to March 28th, 2014.  If you would like details, please don’t hesitate to contact Jeff Lyons at 613-897-5593.

Below is the area searched (The red tags are November’s data)

Power Lyons Property Marketing Study Area

 

 

 

 

 

Power Lyons Market Trend3

 

 

 


 

 

 

 

*For homes in the above geographic region listed between $680,000 and $980,000

(click on above graph for it to come up larger and more defined)

As expected prices are firming up and average days on market are dropping as we go into spring.  This is average data, and the negotiation potential of each home is different depending on days on market and local comparables.

If you are a buyer, and are looking to work with someone who understands the market, don’t hesitate to call Jeff Lyons at 613-897-5593.

Also the above analysis is a wonderful tool I use to help get top dollar when negotiating for Seller clients.