Power of sale activity continued to trend upward on the Kitchener-Waterloo Real Estate Board in March with 12 sales versus 11 last month. Of note, 10 were in Kitchener and 2 in Waterloo. The scarcity of properties for sale resulted in a brisk 24 days on the market for these sales and a list price to sale price of 98% on average. The lenders at CIBC and TD are ...
Posted by Jeff Gingerich
on April 18, 2010
Power of sale activity in Kitchener-Waterloo continued an upward trend. In February, there were 11 residential properties sold under power of sale through the Kitchener-Waterloo Real Estate Board. Interestingly, all were in Kitchener. The continued strength of the residential resale market meant there were no bargains to be had as lenders received, on average, ...
Posted by Jeff Gingerich
on March 16, 2010
The beginning of 2010 has brought about increased residential power of sale activity in Kitchener-Waterloo. As of February 15th, there were 11 properties listed on MLS on the Kitchener-Waterloo Real Estate Board under power of sale. This marks a significant increase over the 5 power of sale properties active on January 15th. The median asking price was $249,900 and ...
Posted by Jeff Gingerich
on February 20, 2010
While questions about Dubai's ability to repay debt were swirling internationally, the improving local economy contributed to lighter power of sale activity in Kitchener-Waterloo at year's end. Active residential MLS listings under power of sale with the K-W Real Estate Board as of January 15th totalled only 5. All were located in Kitchener and the average asking price ...
Posted by Jeff Gingerich
on January 27, 2010
Residential power of sale activity in Kitchener-Waterloo continued to decline in November. As of December 15, 2009, there were 9 active properties on MLS under power of sale in K-W versus 11 in mid-November. Four of these properties were condominiums and the remainder detached houses. The home above is in the exclusive area of Kiwanis Park. Note the challenge the photographer ...
Posted by Jeff Gingerich
on December 15, 2009
Today's post deals with the challenges of buying a home in a seller's market. First, let's look at a bit of recent history. In November of 2008, fear and uncertainty were in the air. Overextended sellers were anxious to unload their properties at a discount. Buyers, following years of a seller's market, were finally in control. Unfortunately for buyers, ...
Posted by Jeff Gingerich
on November 28, 2009
The local improvement in economic conditions appears to have led to fewer Power of Sale properties in October. Active listings under Power of Sale as of November 15th totalled 11 versus 12 in mid-October. Of these, 10 are in Kitchener and 1 in Waterloo.
Properties bought under Power of Sale in October declined to 10 versus 17 in September. Of note, there ...
Posted by Jeff Gingerich
on November 17, 2009
As of October 15th, there were 12 active residential MLS listings under Power of Sale in Kitchener-Waterloo. This marks a slight increase over the 11 in September. Of note, 2 were in Waterloo and the remaining 10 in Kitchener.
As for sales, September saw 17 residential properties sold under Power of Sale in K-W through the Multiple Listing Service. ...
Posted by Jeff Gingerich
on October 21, 2009
A recent headline in the Toronto Star read "Credit Card Defaults at Record Level". It indicated a record level of accounts being written off as uncollectable for 3 straight quarters.
So what does this have to do with real estate? Most real estate buyers will need a mortgage. As part of the approval process, the lenders will turn to a credit reporting agency to determine ...
Posted by Jeff Gingerich
on October 2, 2009
As of September 15, 2009 there were 11 active listings under Power of Sale in K-W. This represents a significant decline over the 19 in mid-August. Of note, all 11 were in Kitchener. As expected, the active market resulted in the sale of 16 Power of Sale properties in August versus 9 in July. The low level of homes for sale will continue to mean Power ...
Posted by Jeff Gingerich
on September 18, 2009