Sales of million dollar luxury homes in Kitchener-Waterloo started the year with a bang. There were 2 million dollar MLS sales in Kitchener in January with one in Deer Ridge and the other in Hidden Valley. Buyers were driving a hard bargain as successful sellers received just 92% of their asking price on average.
Kitchener Waterloo saw million dollar luxury homes start ...
Posted by Jeff Gingerich
on February 4, 2012
Despite near perfect weather for winter house-hunting, residential real estate sales in Kitchener Waterloo started the year rather sluggish. There were 253 residential sales reported though the MLS in January, down 8% from last January. Of the 253 sales, 26 were new homes and 227 were resales. New homes experienced a slight uptick with the opening of the Vista ...
Posted by Jeff Gingerich
on February 1, 2012
Following a wild ride with a great deal of controversy, the City Of Waterloo Rental Housing licensing program takes effect April 1, 2012. If you are planning on applying for a license, you should contact the Electrical Safety Authority for an inspection to obtain the required ESA certificate. Contact info is 1-877-372-7233 or visit http://esasafe.com.
If, like the ride pictured ...
Posted by Jeff Gingerich
on January 27, 2012
December is a month where our thoughts turn to Christmas holidays. As a result, it tends to be one of the slower months of the year in Kitchener Waterloo real estate. This December, there were 230 MLS sales in Kitchener Waterloo, down slightly from last December's total of 238. Continuing a trend that emerged in the fall, resale homes were higher and new home sales ...
Posted by Jeff Gingerich
on January 2, 2012
With rising property taxes and real estate prices in Waterloo Region, new home buyers are being enticed daily with lower prices in other cities and towns. It appears to be working as new home sales on MLS in Kitchener Waterloo trended considerably lower this fall. So can a new home buyer really save money by moving from Kitchener Waterloo? The answer is ...
Posted by Jeff Gingerich
on December 14, 2011
Residential real estate sales in Kitchener Waterloo fell year-over-year with 330 recorded through the MLS this November and 367 in November 2010. However, much like October, the decline can be attributed to plummeting new home sales. Just 19 new homes sold in November 2011 through MLS versus 49 and 63 in the previous Novembers.
Resale homes sold in November homes totalled ...
Posted by Jeff Gingerich
on December 5, 2011
A recent encounter with a private seller on behalf of a buyer client left me dazed and confused. As a big Seinfeld fan, the closest I could come to describing it was the episode where Elaine makes a new group of friends and Jerry describes them as a Bizarro world.
Here is the scenario. A buyer client expressed an interest in seeing a privately listed property. ...
Posted by Jeff Gingerich
on November 3, 2011
Kitchener Waterloo real estate sales for October remained on solid ground with 348 residential properties under contract through MLS. This represents a slight gain over October 2010's total of 345 sales. Resale homes were significantly higher with 342 sales versus 318 last October. Much like September, the real story is the precipitous decline of new ...
Posted by Jeff Gingerich
on November 1, 2011
September sales of residential real estate in Kitchener Waterloo showed modest results. There were a total of 362 sales through MLS this September versus 376 in September 2010. However, if we break down the sales, the decline was in new homes with 19 this September and 49 for the same period last year. Residential resale or used homes actually increased to 343 from 327 ...
Posted by Jeff Gingerich
on October 3, 2011
Low interest rates continued to entice Kitchener Waterloo homebuyers into the market in August as 351 residential MLS sales were recorded. This is down slightly over the 369 in August 2010. However, August 2010 saw sales of 41 new homes versus 17 this August. Sales of used homes or resales in August were up 2% year-over-year.
Readers of this blog will recall ...
Posted by Jeff Gingerich
on September 5, 2011