Jeff Gingerich

Sales Representative

Home Realty Inc., Brokerage*

560 Parkside Drive

Waterloo, ONN2L 5Z4

Main: 519-570-4663 Fax: 519-570-9151
Cell: 519-505-4488
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2009 Kitchener-Waterloo Real Estate Sales Surpass Expectations

The headlines are hard to avoid these days as the mainstream media rush to report December real estate sales in Canada at an all-time high.  The Canadian Real Estate Association reports that the number of sales nationwide was up 7.7% in 2009 over 2008 and prices were up 5%, on average, versus a drop of 1% in 2008.  As I've stressed before, markets are local and ...

Kitchener-Waterloo Real Estate Update December 2009

Kitchener-Waterloo residential real estate continued to post solid gains year-over-year in December.  A total of 242 properties sold through the Kitchener-Waterloo MLS in December, 2009 versus 172 in 2008 for an increase of 41%.  Interestingly, the median sale price declined slightly to $264 848 compared to $265 858 in '08.  The average days on the market for December was a healthy ...

I'm Just Saying... Part 2

I had the good fortune to visit Vancouver for the Century 21 Canada Conference this fall.  It certainly is a beautiful city and I can definitely see the appeal of living there.  However, I struggle with the cost of housing.  Here is a current example.  The home above is listed for sale at $795,000.  It's described as "that perfect fixer upper in an amazing ...

Kitchener-Waterloo Real Estate Update November 2009

November unit sales in Kitchener-Waterloo were up a sizzling 76% over November, 2008 according to figures released by the Kitchener-Waterloo Real Estate Board.  A November record 422 properties changed hands versus 240 in November, 2008.  Another November record was set as the median sale price in K-W hit $248,750 versus $234,500 in 2008, an increase of 6%.  The return of consumer ...

Kitchener-Waterloo Market Update September 2009

The Kitchener-Waterloo Real Estate Board reports 375 sales in K-W for September 2009 which represents a 15% decline over the 441 sales reported in September 2008.  Of note, the end of $0 down and 40 year amortization program was rapidly approaching in September 2008 and sales were artificially high as a result.  The median price for September 2009 sales in K-W was a September record ...

Kitchener-Waterloo Power of Sale Report September 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 ...

Where Do We Go From Here?

Real estate sales have defied expert predictions as evidenced by Vancouver sales rocketing ahead 117% year-over-year http://tinyurl.com/lmpz9g  However, markets are local in nature so let's look at the Kitchener-Waterloo market year-to-date and where the market is heading in the months to come.    Year-to-date MLS sales to the end of August '09 totalled 3422 versus ...

August 2009 Market Update

The Kitchener-Waterloo Real Estate Board has released August 2009 sales data.  In K-W, there were 482 sales matching a record set in 2007.  The average price declined from August 2008 by slightly more than $10 000 and the median price dipped to $237,200 versus $242,000 in August 2008.  Condominium sales were up 67% over August 2008 as record interest rates improved affordability.  ...

Lifestyles of the Rich and Famous

With the real estate market having improved considerably since May, I thought it time to revisit the topic of million dollar home sales reported through MLS in Kitchener-Waterloo.  Year-to-date, there have been 2 sales including the one pictured above.  It has over 8000 sq ft of living space and sits on 1.5 acres in scenic Hidden Valley.  There are currently 18 active listings ...
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