As a cheeky realty geek it would be fun to see Google to put up a sarcastic response when ever someone searched “when is the best time to sell my house”, we all know it’s the SPRING!
Sure each home, each neighborhood may vary but it is an overall consensus that spring is the best time to get the maximum return on your investment when it comes to real-estate.
“The year is off to a great start, with sales up over this time last year, and well above the five-year average,” remarks Rick Eisert, President of the Ottawa Real Estate Board. “Residential-class resales supported this increase, with a 16.6 per cent growth over January 2016. The number of properties listed in January has doubled the amount listed in December, which is very typical of sellers getting a jump start on the spring selling season.” –http://creastats.crea.ca/otta/
This information is very exciting for those of you seeking or selling.
The Ottawa Real Estate Board also noted that the “average sale price of a residential-class property sold in January in the Ottawa area was $394,001, an increase of 1.9 per cent over January 2016. The average sale price for a condominium-class property was $288,655, an increase of 16.8 per cent over January 2016.”
Is spring right for you?
While this is great news there are many variables that could be a challenge. A seasoned professional is always an asset whenever your investment is concerned, if you have any questions at all please don’t hesitate giving me a call, even if you just want to pick my brain on why spring over winter 🙂