September saw improved residential sales results in Kitchener Waterloo and this was reflected in the MLS power of sale activity. There were 11 residential sales under power of sale on the K-W MLS versus 8 in August. Of note, 3 were in Waterloo and 8 in Kitchener. The property shown above attracted multiple offers and sold under power of sale at a signifiicant premium to the ...
Posted by Jeff Gingerich
on October 23, 2010
The 4 month trend showing year-over-year monthly declines was broken in September as the 371 residential MLS sales in K-W were virtually identical to September 2009 results of 369. The average days on market for September sales was 43 versus 41 in September '09. The list-to-sale price ratio was 98% off slightly from the 98.2% a year earlier. The median ...
Posted by Jeff Gingerich
on October 5, 2010
As reported previously, August saw diminished residential unit sales and power of sale activity in Kitchener Waterloo was no exception. Eight properties sold under power of sale on MLS in August, 2010 versus 13 in each of the previous 2 months. The property shown above is located in the desirable Uptown Waterloo area. In spite of being described ...
Posted by Jeff Gingerich
on September 22, 2010
Real estate is a serious business and part of our job for our clients is to alleviate stress. One way to accomplish this is through laughter. While listening and laughing to Century 21 Colonial's Kelly Lantz get "punked" by a local radio station, I was reminded of my own moment of real estate apprehension. It was a cold January day in 1996. I was the "duty" agent ...
Posted by Jeff Gingerich
on September 11, 2010
The Kitchener Waterloo real estate market continued to moderate in August. Residential MLS sales for August 2010 totalled 371 versus 472 in August of 2009, a decline of 21%. One bright spot was the median price for August sales rose to $254,000 from $238,500 last August. You'll recall from previous posts that the Government of Canada through the Bank of Canada and the ...
Posted by Jeff Gingerich
on September 4, 2010
The Canadian Centre for Policy Alternatives has just released a report titled 'Canada's Housing Bubble: An Accident Waiting to Happen'. The author is David MacDonald and he studied housing trends in the country's 6 biggest markets: Vancouver, Edmonton, Calgary, Toronto, Ottawa and Montreal. Among other data, he compares provincial median household income and ...
Posted by Jeff Gingerich
on August 31, 2010
Million dollar residential sales have set a record in Kitchener Waterloo in 2010. Luxury home sales over $1 million dollars on the Kitchener-Waterloo Multiple Listing Service have surged to 9 year-to-date. The average price of these sales is $1,481,444 and the average days on market is 100 days versus a brisk 37 days for the broader market. Sellers of these ...
Posted by Jeff Gingerich
on August 27, 2010
The surge in power of sale activity witnessed in Kitchener Waterloo in June carried over to July. The Kitchener-Waterloo MLS reported 13 residential sales in July matching the 13 recorded in June. The sales totals for these months represents the highest number of power of sales for any month in 2010. Totals for January to May ranged from 8-12 so perhaps ...
Posted by Jeff Gingerich
on August 21, 2010
There are days in real estate and in life where you come across things that just don't sit well. I usually try and think things through but sometimes I still end up like the photo above...puzzled. I found this gem while searching MLS for suitable properties for a buyer client.
I was equally puzzled by an article in today's National Post entitled "Variable ...
Posted by Jeff Gingerich
on July 28, 2010
This marks the first in a series of posts I'll be doing geared to the Baby Boomers(people born between 1946 and 1964) as they prepare for life after work. Specifically, if you decide a move is in order, what are your housing choices or options in Kitchener Waterloo and area? I'll highlight a different location in each post and discuss the pros and cons of ...
Posted by Jeff Gingerich
on July 21, 2010