Choose The Overbrook Neighborhood - Then The House

One common mistake that a lot of people make is to look for a home without first narrowing down a few Overbrook neighborhoods first. This can be a grave mistake because falling in love with a home in the wrong neighborhood is going to lead to heartache if you need to pass it up. Find some neighborhoods you'd like to live in before searching for a house and save yourself a lot of wasted time and energy.

How to find the right neighborhood

Your first contact should be with a real estate agent. An agent knows Overbrook like the back of his hands and can make some helpful suggestions. He can let you know which areas of Overbrook are best to be avoided, which ones are out of your price range and the ones that are right for your present lifestyle.

Seniors areas

There are some parts of Overbrook that are more geared towards seniors. There may be senior condo units in the neighborhood and special community centers there for seniors. Your Overbrook real estate agent may also tell you that there are a lot of seniors inhabiting the homes in the area. If you are a senior and want to be near facilities that are geared towards people in their golden years, let your agent know.

Singles

If you are single and are not yet ready to be in a family-oriented community talk to your Overbrook agent. There are a lot of areas in Overbrook that have a large population of singles or married partners without children.

Families

There are many family neighborhoods in the Overbrook area. Your agent can direct you to the best areas based on what you are looking for in the community and your price range.

When you are deciding on a neighborhood, drive around a few of the areas that have been recommended by your Overbrook real estate agent and get a feel for them yourself. You'll know when you have found a good neighborhood because it will feel right and you can envision yourself living there.

Stats November 2010 - Overbrook and Castle Heights

The neighborhood of Castle Heights and Overbrook in Ottawa, Ontario saw a total of 8 sales during the month of November 2010. This is an increase of 1 for the neighborhood of Castle Heights and Overbrook when compared to November 2009. Average days on market have gone up 58% over last year for the Castle Heights and Overbrook area. Homes in the residential class have been selling at an average of $313,750 an increase of 15% over last year’s $266,285 average.

Castle Heights and Overbrook Real Estate Statistics May 2010

Here is the May 2010 Overbrook and Castle Heights Neighborhood Report which provides you with statistics of the Overbrook and Castle Heights real estate market. The neighborhood of Overbrook and Castle Heights in Ottawa saw a total of 17 sales in May 2010.
The average days on the market of the homes sold in May 2010 in Overbrook and Castle Heights, was 14. The longest days on the market was 62 and the shortest was 1 days. The average price of homes sold during the month of May 2010 in Overbrook and Castle Heights was $321,953 last May's average price was $277,623. The highest priced property sold during the month of May 2010 in Overbrook was $444,000 and the lowest was $255,000.
Compared with May 2009 homes in Overbrook are selling quicker. Average days on the market of homes in Overbrook, Ottawa during the month of May 2009 was 51 days. The longest days on the market was 265 and the shortest was 2 days. The highest priced property sold during the month of May 2009 was $354,100 and the lowest was $195,000.
If you are looking to sell your home in Overbrook or Castle Heights call today for your free home market evaluation. 613-889-7732

Source: OREB