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
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
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
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