Kitchener Waterloo Real Estate Board Statistics for February 2009

Here are board statistics for the Kitchener-Waterloo real estate board. Please note that the information here is only based on residential real estate. If you would like a more detailed report, please contact Melanie or Warren.  

Dec 2008-Jan 2009

(All Areas, Single-Detached)

CATEGORIES

DEC 08

JAN 09

FEB 09

Total Active at End

1119

1330

1427

Total Sold

143

172

244

Total Expired/Withdrawn

495

276

204

Average Days on market

61

62

56

Sale Price vs. List Price Ratio

96.8%

96.9%

97.3%

Average Selling Price (Single-Detached)

$292,563

$280,521

$280,332

(All Areas, Total Residential)

CATEGORIES

DEC 08

JAN 08

FEB 09

Total Active at End

1553

1855

2019

Total Sold

213

255

369

Total Expired/Withdrawn

678

379

253

Average Days on market

59

64

53

Sale Price vs. List Price Ratio

96.9%

97.2%

97.5%

Average Selling Price (Single-Detached)

$254,771

$249,792

$246,846

In addition to the above stats, there was a 44.7% increase in the total number of sales for all areas in all house types between February and the previous month (January).

There was a 7% increase in the total number of homes for sale in February compared to January so there is a bit more selection for buyers now.

Some more points to make note of:

·         In January the federal government announced it will invest $5.35 in The Digital Media Convergence Centre in downtown Kitchener with additional funding coming from several local high tech firms.

·         In January the Kitchener-Waterloo average price declined by less than the national average on a year-over-year basis.

·         In February City of Waterloo councillors approved the new Balsillie School of International Affairs in Uptown Waterloo.

·         Low lending rates

·         Waterloo Region’s diversified employment mix

Thanks for reading!

Warren & Melanie McNeil | Sales Representatives, Team McNeil | Re/Max Twin City Realty, Brokerage
( 519.579.4110 | * Click Here to Email | 8 www.clickthathouse.com, www.teammcneil.com/blog

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wmcneil Filed under: Kitchener-Waterloo Real Estate,KW Real Estate,KW Real Estate Board Statistics — wmcneil @ March 5, 2009 3:50 pm

1 Comment »

  1. Very interesting, Thanks

  2. Edward BoidoNo Gravatar on April 17th, 2009 at 6:56 pm

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