How Is the Market In Chapel Hill? Year End Results!

Today, we will give you a quick update on a very popular area in Orleans. We will take a look at what is selling in the communities of Chapel Hill and Chapel Hill South.

 First, let’s take a quick look at the overall Ottawa numbers as both the December and the year-end sales results are now in for the Ottawa Real Estate Board and the numbers are very impressive. 2017 was an excellent year.

771 residential properties sold in December through the Board’s MLS system, compared with 711 in December 2016, an increase of 8.4 per cent. The five-year average for December sales is 687.

The total number of residential and condo units sold through the Board’s MLS® System throughout all of 2017 was 17,083, compared with 15,526 in 2016, an increase of ten  per cent. Overall, residential sales volume was up 16 per cent.

In the above south end communities, we had 259 sales of all types of housing in 2017 compared to 205 in 2016. This is a very nice increase in sales.

The 259 sales breaks down as follows:

Homes- 189

Condos-70 of which 90 were apartments

This consisted of:

137 detached homes, 82 Townhomes, 3 Semi-detached, 20 Stacked, 17 apartments

Made up of: 210 2Story, 15 3Story, 12 Bungalows, 1 Hi Ranch, 1 Split level, , 2 Other types

What were the price ranges?

Under $300,000= 54 sales (mainly townhomes and stacked units)

$300,000-400,000= 89 sales (mainly townhomes)

$400,000-500,000= 72 sales

$500,000-600,000= 27 sales

$600,000 plus= 17 sales

There you have it, a quick summary of the market for all of 2017.

If you have any questions; or if you would like to find out more about this section of Ottawa; or if you have questions on the Ottawa market, Call or Text 613-897-6839. We will be happy to help you out.

If you know anyone who is thinking about buying or selling have them give us a call, we will be happy to help them out as well. If you are thinking about selling this year, we offer a FREE, NO OBLIGATION market evaluation of your home.

Bev and Keith Beardsley, sales representatives and also Seniors Real Estate Specialists with Century 21 Action Power Team (Brokerage). We serve Ottawa and the many rural communities that surround the city. Check out our client testimonials on Call or text 613-897-6839.

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