Market Update – Orleans

Hey Everyone,

In this segment I’m going to go through the beginning of the Suburb Series, which means this week I’m going to go through the stats year over year for Orleans, and in the coming weeks you’ll see me and my team go through Barrhaven, Kanata, Stittsville, Nepean etc.

Here goes for Orleans:

Year over year, prices were DOWN 2% on average.

For the same time period, days on market were UP 46% on average.

Here are the stats:

 

April 2015

Detached   113 @ 443K in 31

Towns       54 @ 311K in 26

Condos       41 @ 311K in 47

 

April 2016

Detached   125 @437K in 41

Towns         55 @ 309K in 33

Condos       34 @ 219K in 51

 

What does this mean? If you are thinking of selling, you need to invest in a GOOD agent who can do some damage control and make sure you are getting as much money as possible. If you are looking to Buy, it’s a GREAT time to buy as prices are down on average and sellers are hurting a bit.

If you want some specific information on any type of home in any type of area – please call me at (613)739-5959 or email at Mevans@evanselattar.com

 

See you soon!