House prices falling?
House prices falling?
Is it my imagination, or are prices in Ottawa finally heading down? Houses in Westboro seem to be listed high, taken off the market, and then relisted at more reasonable values.
Interesting we've been watching things here in the south end (the new south end) and things seem just as nuts as last year.
It probably varies by neighbourhood. I've noticed that prices in Carleton Place have dropped further.
The prices in Carleton Place were absolutely asinine. I know someone that sold a 800sqft house built in 1912 that had the foundation sinking on one side for $350k last year. The whole house sloped so bad that you couldn't leave a ball on the floor without it rolling away. It should be a teardown but I drove by it recently and the buyers are actually living in it.
For the most part, houses near me have sold for slightly under asking. Except one that strangely sold for well over asking (1M+).
sold for slightly under asking
Music to my ears.
I've seen it too for some homes (relisting lower) - unsure if the market is falling or just flat.
I hope so. My friends are still stuck in Ottawa due to jobs but they’re all priced out of owning houses.
I had to move out of the province to find real estate I could afford and was happy with.
It's ridiculous. I'm glad you found somewhere that works.
It’s not necessarily what they’re listed at, but what they sell for. Use the HouseSigma app/website (free sign up) to see what price houses are selling for.
House Sigma is pretty sweet
A house near mine in Queensway Terrace North just sold and it is the same model as mine. Upgrades seem comparable. 4 bed 2 bath.
We purchased our home October 2021 for $750.
This house just listed at $849.9 and sold at $820.
I guess that's a nope to prices falling then.