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
Real estate is a serious business and part of our job for our clients is to alleviate stress. One way to accomplish this is through laughter. While listening and laughing to Century 21 Colonial's Kelly Lantz get "punked" by a local radio station, I was reminded of my own moment of real estate apprehension. It was a cold January day in 1996. I was the "duty" agent ...
Posted by Jeff Gingerich
on September 11, 2010
The surge in power of sale activity witnessed in Kitchener Waterloo in June carried over to July. The Kitchener-Waterloo MLS reported 13 residential sales in July matching the 13 recorded in June. The sales totals for these months represents the highest number of power of sales for any month in 2010. Totals for January to May ranged from 8-12 so perhaps ...
Posted by Jeff Gingerich
on August 21, 2010
There are days in real estate and in life where you come across things that just don't sit well. I usually try and think things through but sometimes I still end up like the photo above...puzzled. I found this gem while searching MLS for suitable properties for a buyer client.
I was equally puzzled by an article in today's National Post entitled "Variable ...
Posted by Jeff Gingerich
on July 28, 2010
Power of sale activity on the Kitchener-Waterloo Real Estate Board rocketed higher in June 2010. Active MLS residential listings in mid-July totalled 18. This represents a sharp increase over the 13 and 10 active listings in mid-June and May respectively. Of note, 17 are located in Kitchener and 1 in Waterloo and the great majority of listings are concentrated under ...
Posted by Jeff Gingerich
on July 16, 2010
The home pictured above is currently for sale in the wonderful Westvale neighbourhood of Waterloo(note I'm biased as I live there). While attending an open house, I spoke with the listing agent who related a curious story to me.
It seems in an effort to save commission, the seller initially chose a discount real estate brokerage to market the home. During one of the ...
Posted by Jeff Gingerich
on July 13, 2010
Residential real estate sales in Kitchener and Waterloo continued a strong run in May with 480 sales reported through MLS. Sellers remained in control of the market with an average list to sale price ratio of 98% and a brisk average of 34 days on the market. Resale homes accounted for 94% of these sales.
So how does this compare to May 2009? Unit sales actually declined ...
Posted by Jeff Gingerich
on June 3, 2010
The sign above brings a bit of levity to the topic of For Sale By Owners(FSBO). First, what is a For Sale By Owner? This is a seller trying to sell their property without the use of a real estate agent. The most common reason is to avoid paying a commission to a Realtor. Many will "co-operate" and pay a commission to a buyer's agent and some refuse to pay anything. However, ...
Posted by Jeff Gingerich
on May 31, 2010
Real estate sales in Kitchener-Waterloo continued a strong surge as April's 539 residential MLS sales represented an 11%increase over the 487 sales in April 2009. The average sale price of $285,643 spiked nearly 10% over last April's average of $259,802. The market still favours sellers as they received, on average, 98.7% of their asking price. The average days on market was ...
Posted by Jeff Gingerich
on May 14, 2010