After another busy week, it's Westvale Wednesday. Here is the second in a series of posts on the top 10 things I love about living in the Westvale neighbourhood of Waterloo:
#9 The Westvale Carnival and Fireworks
The Westvale Community Association holds a number of family events throughout the year and this is surely the most popular. The annual event is held ...
Posted by Jeff Gingerich
on January 19, 2011
The new year is always an exciting time in real estate and as I survey the year to come, 2011 will be no exception. First, let's look back and see how we did with last years forecast. My Kitchener-Waterloo Real Estate Sales Forecast 2010 called for a return to a more traditional market where 2/3 of the buying and selling was done between January and June. The ...
Posted by Jeff Gingerich
on January 10, 2011
Residential real estate sales in Kitchener Waterloo remained robust in 2010 with 4794 MLS sales. This represented a slight decrease over 2009 sales of 4913. Sales activity was particularly strong in the early months of 2010. Buyers and sellers scrambled to beat the introduction of the Harmonized Sales Tax on July 1st. Spring market activity was further heightened by ...
Posted by Jeff Gingerich
on January 5, 2011
At the risk of sounding self-serving, the answer is no. While conventional wisdom suggests you have 3 agents in to price your home, there is a potential pitfall to this approach. It's human nature to want to get as much as possible when selling your home. Unfortunately, the simple act of having 3 Realtors in to price your home will often result in an inflated asking price. ...
Posted by Jeff Gingerich
on January 4, 2011
Residential power of sale activity on the Kitchener Waterloo MLS in November was relatively quiet. Active listings under power of sale on December 15th declined to 14 from mid-November's 15. Of note, 13 are in Kitchener with 1 power of sale in Waterloo. Six of the Kitchener power of sales are condominiums and the bulk of the properties are under $300,000. I'll ...
Posted by Jeff Gingerich
on December 18, 2010
This marks the first in a series of posts detailing the things I love about living in the Westvale subdivision of Waterloo, Ontario. First, a bit of demographic info. The most recent data I could find indicates there are 2176 households and 6549 people living in Westvale(an average of 3 per household). The average household income is $107,011 and the average ...
Posted by Jeff Gingerich
on December 11, 2010
While November has a reputation for dismal weather, real estate sales in the Twin Cities this past month were bright and sunny. Residential MLS sales for Kitchener-Waterloo totalled 365 in November versus 413 for November 2009. For those keeping track, this represents a 12 per cent decline. However, it's interesting to note that in November, ...
Posted by Jeff Gingerich
on December 2, 2010
Million dollar residential sales continue to set new records in Kitchener Waterloo in 2010. Luxury home sales over 1 million dollars on the Kitchener-Waterloo Multiple Listing Service total 11 year-to-date. The average sale price of these homes is a lofty $1,502,545. The average days on the market for these sales has soared to 130 days or over 4 months versus 39 days ...
Posted by Jeff Gingerich
on November 22, 2010
In sharp contrast to era of "foreclosure-gate" in the United States, residential power of sale activity in Kitchener Waterloo continues to represent a small percentage of the market. Active listings under power of sale on the Kitchener-Waterloo MLS totalled 15 as of mid-November which equalled October's total. Of note, 93% are in Kitchener and 7% in ...
Posted by Jeff Gingerich
on November 16, 2010
Regular readers of this blog will know by now that this monthly update is designed to answer the frequently asked question "How's the market?". The residential real estate market in Kitchener Waterloo continues to be a sellers market. Active residential listings on the K-W MLS at the end of October stood at 1251. Of this total, 403 were new homes and 848 were resale properties. ...
Posted by Jeff Gingerich
on November 2, 2010