Bargain hunters continue to be denied and bankers delighted as May residential sales of Power of Sale properties continued to show strong results. There were 8 MLS sales under power of sale in K-W in May with 1 in Waterloo and 7 in Kitchener. The average days on the market for these homes was only 32 days and the list-to-sale price ratio was a ...
Posted by Jeff Gingerich
on June 25, 2010
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
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 ...
Posted by Jeff Gingerich
on September 16, 2009
Beginning today, I'll report mid-month on the MLS power of sale activity in Kitchener-Waterloo. We can use this information as one indicator of the health of the local market. As of August 15, 2009, there are 19 active MLS listings under power of sale in the Twin Cities. Of note, 18 are in Kitchener and 1 in Waterloo. July saw 488 residential ...
Posted by Jeff Gingerich
on August 16, 2009