First-time sellers of Kitchener Waterloo real estate often struggle with this question. Twenty-two years of selling real estate has taught me there is an ideal time to sell every home. Choosing the wrong time of the year to sell can cost a seller thousands of dollars in hard earned equity. Other times, it can result in an expired listing or a ...
Posted by Jeff Gingerich
on April 6, 2011
With a long winter behind us, Kitchener Waterloo home buyers were out in full force in March. Preliminary numbers from the Kitchener Waterloo MLS show residential sales of 457 properties in Kitchener Waterloo. Of those, 36 were brand new and 421 were resales. For comparison, in the pre-HST buying spree of March 2010, there were 546 March sales with 69 new and 479 resales. For ...
Posted by Jeff Gingerich
on April 4, 2011
After a record-setting 2010, sales of million dollar homes in Kitchener Waterloo are poised to hit new heights. Million dollar residential sales on MLS already total 4 year-to-date in Kitchener Waterloo following 12 in 2010. The average sale price for these homes was $1.219 million and it took 125 days to find a buyer on average. Buyers are driving a hard bargain ...
Posted by Jeff Gingerich
on March 8, 2011
February 2011 saw healthy MLS residential sales results in Kitchener Waterloo. Unit sales totalled 373 for a decline of approximately 4% over February 2010 sales of 385. Of note, Kitchener Waterloo homebuilders experienced a 46% surge with 60 new home sales through MLS versus 41 for last February. This left resale properties off by 9% year-over-year(313 vs. ...
Posted by Jeff Gingerich
on March 3, 2011
Just finished reading a thought provoking book by Canadian economist Jeff Rubin called Why Your World Is About To Get A Whole Lot Smaller. The book makes a number of predictions including $200/barrel oil, $2/litre gas in Canada($7/gallon in the U.S.), escalating food prices, and the return of some manufacturing jobs as shipping costs rise. The book is well-researched and written ...
Posted by Jeff Gingerich
on February 28, 2011
Another week is behind us and it seemed everywhere you looked, protest and political upheaval dominated the news. This serves to remind Canadians how fortunate we are to live in a democracy. It also brings to mind another thing we sometimes take for granted. Here is another of the top 10 things I love about living in Westvale:
#4 A Safe Neighbourhood ...
Posted by Jeff Gingerich
on February 23, 2011
Strong residential demand and low MLS resale inventory combined to create brisk activity on Kitchener Waterloo power of sale properties in January. Ten properties sold under power of sale for an average of 99% of the asking price with many attracting multiple offers. This equalled the 10 power of sales properties sold in December. The average days on the market ...
Posted by Jeff Gingerich
on February 15, 2011
When I was a kid, I used to read a series of mystery books involving the Hardy Boys. Each book would see the brothers tackle and solve a mystery. Real estate doesn't have many but recently, when a client took possession of their resale home, a mystery ensued.
Remember the excitement of buying your first home? As a Realtor, the experience ...
Posted by Jeff Gingerich
on January 21, 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