Kitchener Waterloo Real Estate Board Statistics for September 2009

October 8, 2009

Kitchener Waterloo Real Estate Board Statistics for September 2009

By Warren McNeil

The Table below shows the most relevant real estate data for the month of Sept 2009 and compares it with the previous month and the previous year, Aug 2009 and Sept 2008, respectively. This information is for single detached only.

If you can’t view the table below, see
http://www.teammcneil.com/blog/2009/10/08/kitchener-waterloo-real-estate-board-statistics-for-september-2009

WATERLOO REGION (ALL Areas)	(Aug 09)	(Sept 09)	(Sept 08)
UNITS SOLD	365 SOLD	335 SOLD	337 SOLD
ACTIVE LISTINGS (END of PERIOD)	1356 ACTIVE	1303 ACTIVE	1595 ACTIVE
AVERAGE PRICE SOLD	$290,891	$285,882	$291,998
AVERAGE DAYS ON THE MRKT	45 DAYS	48 DAYS	49 DAYS
SALE PRICE TO LIST PRICE RATIO	97.9%	97.9%	97.6%

In addition to the above stats, the board is reporting a record month for home sales in the Kitchener-Waterloo area. 531 houses sold in September. Here’s a quote from the media realease.

“Sales last month totalled $135,379,151 (up .6 percent from September 08) and included 335 detached homes (down 0.6 percent from September 08), and 102 condominium units (down 8.1 percent from September 08). It was the increase in sales of semis and townhouses that pushed September sales over last year, with an overall 18 percent increase to 86 units last month.”

For the full report, see http://www.kwreb.on.ca/Stats/September%202009%20Media%20Release.pdf

This is good news and shows that we still have a really strong real estate market. Interest rates, government rebates and increased consumer confidence are all playing a big part to achieve these numbers.

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.TeamMcneil.com, www.ClickThatBlog.com