Just listed - Life at the top!  Sitting on the edge of the escarpment at Cambrian Heights, this home offers a superb lifestyle.  Skylights, vaulted ceilings and two-storey windows flood natural light throughout this elegant home and brings in beautiful vistas from every direction.  3 bedrooms up and 1 down, master and ensuite with views of the Ottawa River, main floor family room, main floor laundry, 3 car garage and finished basement are just a start to entice you i

Got a good client of yours moving to or from Ottawa?

Whether your client is wanting to sell or buy in the Ottawa area, I'd be happy to look after them with the utmost care and ensure they get the best possible service and results. My experience in Ottawa Real Estate, web and email technology lends itself very well to working with people who may need to deal from afar that may need that extra special service from time to time. Of course the standard referral fee would also be available upon successul completion of a transaction.

Each year the luxury homes market in Ottawa expands offering much more variety than ever before.  While the sale of homes in Ottawa over the Million dollar mark used to be largley restricted to Rockcliffe ( home to many of the embassies) sales of both condos and luxury homes well over 1 million dollars are occuring throughout the region. 

Click here to read more and see some of Ottawa's Million Dollar Properties.

Ottawa's Luxury Home Market is Growing
Over the past few years the Ottawa Real Estate Market has seen an increase in the number of homes and condos that sell for a million and up.  Used to be that only happened in Rockcliffe, but now we're finding homes of this calibre in at various locations throughout the city.

Sales of Million Dollar Homes in Ottawa for 2007.
In 2007, in Ottawa according to the MLS® statistics, there were 42 homes that sold having a list price of more than $999,000.  The most expensive one went for $3,3 million dollars, and the lowest one sold for $960,000.  The average sale price to listing price was 93%.  This means if you intend to list a house in the million dollar range there are perhaps 40 buyers out there in a given year that might be available to buy it.  There were 74 listings up to prices as high as $10 million which did not sell in that same time frame, 19 cancellations, 6 withdrawn listings and 49 that just expired.  This means that only 42 out of 116 listings in this price range sold.  That's a success ratio of only 36.2 percent. 

That's not a high ratio of sales to listings which means you're if you're trying to sell you're competing for a very small market.  That means that you really need to have good exposure - especially web exposure as buyers in this price range are very likely to be coming from elsewhere.  (How did you get to this site?)

Sales of Million Dollar Condos in Ottawa in 2007.
In 2007 according to the MLS® statistics there were 3 condos that sold in Ottawa that had a list price of over $999,000.  The highest price one was 1.2 million dollars.  There were two additional listings in the price range which were also listed but did not sell.  In previous years the system records 1 sale in 2006, and 1 in each of 2001, 2003 and 2005. 

This week's million dollar home opportunities in Ottawa.
There are currently around 47 homes and 4 condos in the million plus price range in Ottawa.  Want to get a glimpse - click on the links below.  (Note you must be logged in to view the links)

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Great Investment Opportunity for the Caring Investor - making a difference in Ottawa

Extra large residential 4 plex, three 3 bedroom units, plus a new story additionin 2003 housing a 7 bedroom townhouse. Great rents, great income opportunity. Right next to new Edinburgh Place development. For more info on this exciting opportunity contact Eric Manherz today at 238-2801!

Local Farmers Markets are back in Ottawa!

Another new market opens on August 11th in the aid of supporting local farmers and bringing great quality food to the local residents.

Another boost to the slow food movement in Ottawa. The new market known as the Main Farmers Market will be open in the parking lot at St. Pauls University at 223 Main St in Ottawa East for 3 Saturdays starting August 11th.

Brisk Real Estate Resales Heat up June - from the Ottawa Real Estate Board at http://orebweb4.oreb.ca/news_release.shtml

Ottawa, July 10, 2007: Members of the Ottawa Real Estate Board sold 1,651 homes in June through the Board's Multiple Listing Service® system, compared with 1,855 in May 2007. There were 1,600 sales in June 2006.

Great Ottawa Investment Property - located in former Vanier, 1 block from New Edinburgh and Rockcliffe.  12 apartment units in this very well-kept apartment building, with Commercial retail and office space!  Just $995,000. Located in one of Ottawa's fastest changing areas!  Sold!

Affordable homes, hot condo market warm up chilly April - from the Ottawa Real Estate Board at http://orebweb4.oreb.ca/news_release.shtml

Ottawa, May 8, 2007: Members of the Ottawa Real Estate Board sold 1,554 homes in April through the Board's Multiple Listing Service® system, compared with 1,305 in March 2007. There were 1,439 sales in April 2006.