STITTSVILLE HOUSING MARKET UPDATE: Q1

Homes sold in Stittsville, January 1, 2019 to March 31, 2019

If I were to describe our current real estate market in one word it would be BONKERS. I don’t use that word often but I think it is fitting. Some might even add in a curse word in front of it. This is good news for sellers. I have been saying for a few years that Ottawa’s prices, in general, are undervalued. The correction seems to be happening quickly. Houses have appreciated at the fastest pace I have seen over the past 6 months. Houses that were sold last year for $440-$450k in some cases I have seen them sell for 40k more only a year later. Every day I am surprised at some of the sale prices I am seeing.

Stittsville continues to be a sought after place to buy real estate. Over the first three months of 2019, the number of active real estate listings in Stittsville dropped compared to the previous year, the number of sales rose by a significant 24% for a total of 108 homes sales [1].

The average sale price for homes sold this year to date was $488,553. This is nearly 14% higher than the same period last year and a continuation of the steady upward trend in prices since October 2018 [2].

And while it appears that the total days to sell a home is increasing, more than half of the homes offered to the market sold in less than 2 weeks. Some of them are only 2 weeks because offers were held for the first week.

Many homes are getting multiple offers when they list. I think it is very important to have a qualified Realtor guide you through this stressful and challenging scenario. There is lots of money at stake and I have seen owners try to do it themselves this Spring and leave lots of money on the table. You still need to have the house staged and ready, marketed properly, and ready for buyers. Then you can rely on the expertise of a Realtor to navigate you through our changing market.

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Home Evaluation

HIGHLIGHTS

Homes Sold in the First 3 Months 2019 Compared to First 3 Months 2018

o 108 – all (↑ 24.1%)

o 70 – detached (↑ 22.8%)

o 38 – row & semi-detached (↑ 26.7%)

Average Sold Price in the First 3 Months 2019 Compared to First 3 Months 2018

o $488,553 – all (↑ 13.7%)

o $540,079 – detached (↑ 12.6%)

o $393,896 – row & semi-detached (↑ 16.3%)

Average Total Days on Market in the First 3 Months 2019 Compared to First 3 Months 2018

o 30.7 – all (↑ 13.6%)

o 37.3 – detached (↑ 10.9%)

o 17.3 – row & semi-detached (↑ 26.8%)

Active Listings in the First 3 Months 2019 Compared to First 3 Months 2018

o 42.3 – all (↓ 14.2%)

o 32.7 – detached (↓ 17.6%)

o 9.7 – row & semi-detached (↔ 0.0%)

Average Months of Inventory

o 1.3 – all (↓ 42.9%)

o 1.3 – detached (↓ 50.0%)

o 0.7 – row & semi-detached (↓ 33.3%)

[1] Excludes condominiums, homes on leased land and homes under construction.

[2] All data courtesy of the Ottawa Real Estate Board MLS® System. The above Information is believed to be accurate but not warranted.

    
 
 
        
   Anny Metivier 
 2024-08-13
 
 
  Over the years, with multiple military moves, we’ve had the opportunity to work with many real estate agents, and we can confidently say that not all are created equal. Chris, by far, has been the most trustworthy and easiest real estate agent we’ve had the pleasure to work with.
  
 
       
   Jake Moffat 
 2024-06-07
 
 
  Colin has been the best realtor to work with and helped us buy a great house in the perfect neighborhood. Colin and the rest of the team at Chris Scott were incredibly helpful the whole way and always available to answer questions, show us houses at a time that was convenient for us and were just generally professional and friendly during the whole process. We will recommend Colin and the team to our friends and family.
  
 
       
   Faith Woodley 
 2024-03-13
 
 
  I was a co-Executrix of an estate, and we had a condo that we had to sell for the estate.  In order to get the property ready for sale, we had to have the over 5,000 square foot condo painted and the carpets replaced.  Since the property was empty, Chris recommended a home stager that he uses on properties that require these services, and she did a fantastic job of staging the condo. It took the condo to the next level. The condo sold for a phenomenal price, and we were very happy with Chris Scott and his abilities.  He always gives over 100 percent to get the job done!  I recommend him to anyone that requires the services of a great real estate agent.
  
 
       
   Emily Bozanich 
 2023-10-07
 
 
  We worked with Rachel and she was beyond diligent. She is so organised and meticulous with details, it really helps when buying a home. She even agreed to do a virtual walk through for the home we ended up buying because we weren’t going to get there ourselves prior to offers being reviewed. She was also great with recommending areas to consider and avoid. Highly recommend.
  
 
       
   Cy Dixon 
 2023-10-06
 
 
  Rachel was amazing. She helped me find the perfect home for me and my son during a challenging time in my life. She was extremely patient and empathetic, professional and knowledgeable. I highly recommend her. No one will work harder for you than Rachel.
  
 
       
   Jeff C 
 2023-10-06
 
 
  Awesome realtor team very helpful and knowledgeable
  
 
       
   Nathalie Groupe Godin 
 2023-10-06
 
 
  Great service. Very knowledgeable. Super helpful. I’d use this team again.
  
 
       
   D Hynders 
 2023-10-05
 
 
  I recently used Chris' team to purchase a new house and I have to say that it was a pleasure to work with them.
  
 
       
   Megan Bixby 
 2023-10-05
 
 
  My husband and I purchased a house in the surrounding Ottawa area with the assistance of Colin from this group of individuals. We unfortunately were left with no choice but to purchase a home sight unseen due to our work circumstances. We originally considered not purchasing because of this.
We deliberated and chose to purchase a home after participating in FaceTime showings and we could not have been more satisfied. Colin was objective, professional, calm, informative, and realistic. He listened to our needs and helped us choose our home. The fact that we were pleasantly surprised, and a year later remain pleased as punch, says everything about how talented this company is. Will, without a doubt, use this company when we leave Ottawa.
  
 
       
   André Desjardins 
 2023-10-04
 
 
  We worked with Chris to find a home back in 2011 that would suit our desire to be close to work. He was nothing but professional and courteous! Listening to our needs and showing us what we were looking for. Years later, when we thought about down sizing and finding a renovated home, he took us around to see some in the neighborhood. He always open to helping us out in our searches