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House prices falling? (sh.itjust.works)
submitted 2 years ago by [email protected] to c/[email protected]

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.

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[-] [email protected] 3 points 2 years ago

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.

[-] [email protected] 2 points 2 years ago

House Sigma is pretty sweet

[-] [email protected] 2 points 2 years ago

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.

[-] [email protected] 2 points 2 years ago

I guess that's a nope to prices falling then.

[-] [email protected] 1 points 2 years ago

I've seen it too for some homes (relisting lower) - unsure if the market is falling or just flat.

[-] [email protected] 1 points 2 years ago

For the most part, houses near me have sold for slightly under asking. Except one that strangely sold for well over asking (1M+).

[-] [email protected] 1 points 2 years ago

Interesting we've been watching things here in the south end (the new south end) and things seem just as nuts as last year.

[-] [email protected] 1 points 2 years ago

It probably varies by neighbourhood. I've noticed that prices in Carleton Place have dropped further.

[-] [email protected] 1 points 2 years ago

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.

this post was submitted on 02 Jul 2023
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