Brief Update-

Market is set to begin. Once again we expect Convent Glen(areas 2004 and 2005) to be a desirable neighbourhood for buyers. Last year 81 homes sold. Fewer homes will be sold in this area in 2009. However prices will at the very least remain stable.

 

Ottawa Real Estate Board

Residential and Condominium Sales

for the Month Year-2007

Convent Glen North(Areas 2004-2005)

Number of Homes Sold

  

	AUG./08	AUG./07	YTD/08	YTD/07
Residential	1	2	23	23
Condo.	2	6	37	32

 

 

Average Sold/List $000.

 

AUG./08

AUG./07

YTD/08

YTD/07

Residential

$475/499

$290/299

$300/305

$274/267

Condo.

$198/200

$183/186

$183/186

$164/167

                   

 

                      

 

Average Days on Market

 

               

	AUG./08	AUG./07	YTD/08	YTD/07
Residential	27	33	20	27
Condo.	23	19	14	18

 

Please note that these are averages and are not meant to reflect the value of homes in Convent Glen.

 

Summary:

Call Ian to sell your home for the fall market.

Ottawa Real Estate Board

Residential and Condominium Sales

for the Month Year-2007

Convent Glen North(Areas 2004-2005)

Number of Homes Sold

	DEC./07	DEC./06	YTD/07	YTD/06
Residential	1	0	33	27
Condo.	2	2	49	66

Average Sold/List $000.

DEC./07

DEC./06

YTD/07

YTD/06

Residential

$259/259

-

$277/282

$248/253

Condo.

$161/165

$142/145

$169/173

$160/165

Average Days on Market

	DEC./07	DEC./06	YTD/07	YTD/06
Residential	59	-	30	34
Condo.	43	20	18	38

Please note that these are averages and are not meant to reflect the value of homes in Convent Glen.

Summary:

Residential homes in Convent Glen North are selling in 29 days or less at 98% of list price.

Convent Glen August Sales-

Convent Glen sales-Areas 2004 and 2005- Two freehold homes sold in August 2007; the average list price was $299.9k and the average sale price was $290.0k . By way of comparison 2 freehold homes sold in August 2006 with an average list price of $271.2k and an average sale price of $260.0k. Six Condominium homes sold in August 2007 with an average list price of $185.6k and average sale price of $183.4k versus August 2006 sale of 5 homes with an average list of $174.3k and sale of $170.2k.

Convent Glen July Sales-

Convent Glen sales-Areas 2004 and 2005- Five freehold homes sold in July 2007; the average list price was $297.7k and the average sale price was $289.1k . By way of comparison 3 freehold homes sold in July 2006 with an average list price of $233.2k and an average sale price of $229.2k. Two Condominium homes sold in July 2007 with an average list price of $168.0k and average sale price of $163.5k versus July 2006 sale of 5 homes with an average list of $177.9k and sale of $173.7k.

Convent Glen June 2007 Sales-

Convent Glen sales-Areas 2004 and 2005- One freehold home sold in June 2007; the list price was $254.9k and the sale price was $247.5k. By way of comparison 3 freehold homes sold in June 2006 with an average list price of $214.9k and an average sale price of $213k. Seven Condominium homes sold in June 2007 with an average list price of $167.3k and sale price of $163.8k versus June 2006 sale of 7 homes with an average list of $171.9k and sale of $167.1k.

May 2007 Sales Statistics-

Convent Glen sales-Areas 2004 and 2005- 4 freehold homes sold in May 2007; the average list price was $266.2k and the average sale price was $262.8k. By way of comparison 3 freehold homes sold in May 2006 with an average list price of $263.6k and an average sale price of $254.2k. 2 Condominium homes sold in May 2007 with an average list price of $192.4k and sale price of $186.5k versus May 2006 list of $159.3k and sale of $155.8k.

April 2007 Sales Statistics

Convent Glen sales-Areas 2004 and 2005- 3 freehold homes sold in April 2007; the average list price was $283.7k and the average sale price was $280k. By way of comparison 4 freehold homes sold in April 2006 with an average list price of $265.4k and an average sale price of $263.4k 7 Condominium homes sold in Apeil 2007 with an average list price of $171.k and sale price of $165.3k versus April 2006 list of $166.2k and sale of $163.0k.