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Based on the data gathered from various sources, here’s a comprehensive report on the current trends in real estate sales in Riverside South from 2019 to 2023:
Property Type and Size: Modern Elegance and Spacious Living
The Riverside South real estate market comprises a mix of property types including single-family homes, townhouses, and condominiums. The size of these properties varies greatly, ranging from small 2-bedroom homes to larger 4-5 bedroom family homes.
Explore Riverside South’s vibrant real estate offerings, from sun-filled, move-in-ready homes to oversized corner lots. This community promises a future Limebank Station on the Trillium Line LRT, granting easy access to Ottawa’s downtown core. Dive into the largest model bungalow, a 3 bdrm/3 bath gem with an airy feel, radiant foyer, and open-concept living spaces. Complete with a double-car garage and an extra parking space, this home boasts an extensive list of upgrades, including variegated hardwood floors and quartz countertops. Picture a beautiful kitchen flooded with natural light, complemented by an electric fireplace in the open-concept living and dining area. The backyard, featuring a deck and ample storage, is perfect for entertaining. Riverside South – Leitrim showcases homes with a perfect blend of modern elegance and energy efficiency. The neighborhood’s charm extends to its concept living spaces, flex areas, and the convenience of a second parking spot. In this community, find yourself surrounded by beautiful wood cabinets, spacious kitchens, and huge backyards. The Sun-filled, move-in-ready homes on the largest corner lots make Riverside South an ideal place to call home.Discover Riverside South, Ottawa: Homes for Sale in a Vibrant Community:
Riverside South is a diverse area with varying prices depending on the location. Homes closer to city centers or amenities tend to have higher prices. From 2019 to 2023, the median price of homes in Riverside South ranged from $150K to $1.7M, indicating a wide range of options for potential buyers. Nestled along Beryl Private, Riverside South, Ottawa, boasts diverse real estate options. From Windswept Private to Feather Moss Way, explore the charm of this dynamic neighborhood. Feel at home on Brian Good Avenue or North Bluff Drive, surrounded by amenities and nature. Find your dream property in this lively community, connecting seamlessly with Goose River Avenue and Wildcarrot Crescent. Riverside South Leitrim welcomes you to a place where Ottawa International Airport is just a short drive away. Embrace the unique lifestyle Riverside South offers, with homes that go beyond bricks and mortar, reflecting a vibrant and welcoming community.
Average Days on Market:
On average, homes in Riverside South sell after 28 days on the market, a competitive timeframe that suggests a fairly high demand for properties in the area.
Number of Sales:
The number of homes for sale in Riverside South, TX decreased by 30% between June 2023 and July 2023. This could be due to a number of factors including increased demand, decreased supply, or seasonal fluctuations.
Market Trends:
From 2019 to 2023, there has been a slight decrease in home values in Riverside CA, with a reported 1.3% drop over the past year. However, despite this decrease, the median home price in Riverside, CA remained high at $665,000 in August 2023. Riverside home prices were also reported to be down 3.6% compared to the previous year in July 2023, selling for a median price of $1.7M.
Key Insights and Takeaways:
The Riverside South real estate market is diverse and dynamic. Despite some recent decreases in home values and the number of homes for sale, the market remains competitive with homes selling relatively quickly. The wide range in home prices suggests opportunities for various segments of buyers – from those seeking more affordable options to those looking for high-end homes. However, the recent decreases in home values and the number of homes for sale could indicate a potential shift in the market. This calls for careful monitoring of these trends moving forward to inform future real estate decisions in Riverside South. Sign up for monthly market reports.
A Journey Through Time: Unraveling the History of Riverside South, Ottawa
Riverside South, Ottawa, has a rich and varied history, with its roots in the early 19th century. The area was originally part of Gloucester Township and was primarily agricultural land inhabited by a sparse population of settlers.
The town’s establishment as we know it today only occurred much later, specifically in the late 20th century. In 1996, the Riverside South Development Corporation began planning for a community that would cater to the growing population of Ottawa. With a vision for a self-sufficient neighborhood, they laid out plans for residential, commercial, and institutional development.
The growth of Riverside South was significantly influenced by key figures like Urbandale Corporation and Richcraft Homes, who played major roles in the housing developments. Their contributions have shaped the architectural aesthetic and community layout that is now characteristic of the town.
Riverside South has not been immune to natural disasters, the most notable being the 2002 tornado. This event led to significant property damage but also demonstrated the resilience and unity of the community as they rebuilt and recovered.
Technological advancements, particularly in transportation, have played a crucial role in Riverside South’s development. The extension of the O-Train Trillium Line to Riverside South, scheduled for completion in 2022, is a testament to this. It will greatly enhance connectivity, making the town more accessible and attractive for both residents and businesses.
Over the years, Riverside South has witnessed significant changes in commerce and industry. From a predominantly agricultural economy, it has transitioned into a diverse mix of retail, service, and professional sectors. The population has also evolved, becoming increasingly diverse in terms of age, ethnicity, and profession.
Riverside South has achieved several milestones over the years, such as establishing the Riverside South Community Association in 2003. This organization has fostered community spirit and advocated for residents’ interests.
Today, Riverside South stands as one of the fastest-growing communities in Ottawa, with a population exceeding 14,000. It boasts a vibrant community with a balanced mix of residential, commercial, and green spaces. The future of Riverside South looks promising, with ongoing development plans aiming to further enhance its appeal. The proposed town center, which will include retail, office, and residential spaces, is one such development that signifies the town’s continued growth and evolution.
Exploring Riverside South: Top Listing Brokerages
Discover your dream home with the following real estate powerhouses in Riverside South: CREPPIN REALTY GROUP INC, Innovation Realty Ltd, Max Hallmark Realty Group, Keller Williams Integrity Realty, Grape Vine Realty Inc, and Max Affiliates Realty Ltd. These proactive brokerages ensure a seamless home-buying experience with their dynamic and client-focused approach.Trusted Realtor
The trademarks MLS, Multiple Listing Service and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. REALTOR® members of CREA to effect the purchase, sale and lease of real estate as part of a cooperative selling system. The trademarks REALTOR, REALTORS and the REALTOR logo are controlled by CREA and identify real estate professionals who are members of CREA. The trademark DDF is owned by The Canadian Real Estate Association (CREA) and identifies CREA’s Data Distribution Facility (DDF). When searching for your next property or looking to sell your current one, it’s important to work with a trusted REALTOR® agent who has access to accurate and up-to-date listings. The MLS multiple listing service trademarks and the associated logo identify the quality of services provided by real estate professionals who are members of CREA. and who are committed to providing professional real estate services within a cooperative selling system. In fact, working with a REALTOR® member of CREA ensures that you have access to the most current listings available. If you’re in the Ottawa area, working with a real estate board in Ottawa can also provide you with additional resources to help you make informed decisions about your buying and selling process. Trusting in the expertise of a REALTOR® agent and the resources of your local real estate board is crucial for a successful real estate transaction. Call or Text our real estate professional [email protected], (613) 408-7935. You can also click on the contact us link to send us an email. You can learn more about this real estate agent by visiting this link.
The Canadian Real Estate Association
CREA is an organization that represents real estate professionals across Canada. The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by CREA and are used by members to identify real estate professionals. As a result, potential buyers and sellers can trust and rely on their experience and knowledge during the home-buying or selling process. CREA is diligent about upholding its standards of excellence, which is reflected by the quality of service provided by its members. Working with a REALTOR® who belongs to CREA ensures that you are working with a professional who is committed to delivering exceptional service and expertise. All rights reserved.