April 2010 didn't bring the rain we typically associate with the month nor did it bring a shower of power of sale listings. Active residential MLS listings under power of sale in mid-May totalled 10 which is the lowest total seen this year. Rising house prices, an improving local economy and continuing low interest rates have all contributed to this "good news" story.
April 2010 saw robust residential sales and power of sales were no exception with 9 sales recorded versus 12 in March. Of note, 3 were in Waterloo and 6 in Kitchener. T-D Canada Trust led the way with 22% of the total sales. The strength of the market and rising prices were reflected in the 99% average list price to sale price ratio. The house pictured above is in the desirable Colonial Acres area. It listed for $367,900 and received multiple offers with a final sale price of $390,000.
If you have any questions about the power of sale process, feel free to call or email 519-505-4488 email@example.com
Century 21 Home Realty Inc. Brokerage