Million dollar homes in Kitchener Waterloo continue to sell at record-setting levels this year. Following 2010's record total of 12, there have already been 8 residential MLS sales over $1 million in 2011. Luxury home buyers continue to have it their way as sellers are receiving, on average, 92% of the asking price, down slightly from 2010's ...
Posted by Jeff Gingerich
on June 8, 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
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 previous posts, we've examined million dollar home sales in Kitchener-Waterloo and found they are a rarity. In 2009, there were only 4 residential sales in excess of $1 million on the Kitchener-Waterloo Real Estate Board. To put this in perspective, there were approximately 5000 homes sold last year in K-W.
In a sign of the times, there have already been 2 MLS sales in ...
Posted by Jeff Gingerich
on March 12, 2010
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 ...
Posted by Jeff Gingerich
on December 8, 2009
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 ...
Posted by Jeff Gingerich
on August 31, 2009
As Realtors, we are certainly thankful for the resurgent real estate market Canada-wide. Low interest rates have been instrumental in increasing affordability to entice first-time buyers into the market. Real estate is local so let's look at a typical scenario in Kitchener-Waterloo. A couple buy a detached home for $250 000 with 5% down and get a 4% mortgage with a 5 year ...
Posted by Jeff Gingerich
on June 25, 2009
In a sign of the times, million dollar residential sales in Kitchener-Waterloo are becoming increasingly rare. Currently there are 21 homes for sale in K-W with an asking price exceeding 1 million dollars. It certainly looks like a strong buyer's market as this price bracket has produced only 1 sale through the MLS this year. In 2008, the Kitchener-Waterloo Real Estate Board ...
Posted by Jeff Gingerich
on May 26, 2009