Blackburn Hamlet Market Update
About 8 years ago we declared quite loudly to any who were interested that Blackburn Hamlet was undervalued. Homes for sale in Beacon Hill and Chapel Hill on either side of Blackburn Hamlet were priced and selling for considerably more than Blackburn Hamlet, which is arguably better located than both. Okay, Beacon Hill is close to the River and Chapel Hill offers newer homes, and probably the biggest advantage for many buyers - deeper basements. Ottawans love their basements, and newer basements are better designed for finishing. However, for those who prefer to live above ground, Blackburn Hamlet is a good 10 minutes closer to downtown. In fact, while many folks we encounter think of Blackburn as a long way East of downtown, the reality is that outside of rush-hour it is less than 10 minutes to the market.
Anyway, back to values. Homes in Blackburn Hamlet have indeed enjoyed huge increases in value over the past 8 years. And you will see from 2009 data below, that for the first time, for freehold homes at least, values have caught up and the increases have tempered. House values sat fairly flat this year, while the neighbourhood clearly remains a very strong Seller's market with a .9 sales to new listings ratio. This would be one of the highest in the City. Put a house on the market in Blackburn and it WILL sell unless it is overpriced or very badly maintained.
Looking for Homes for Sale in Blackburn Hamlet? Let us help you by notifying you immediately of all new listings and working with you at no cost to you to help you secure solid value in Blackburn.