By Warren McNeil
 

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

 Here is an excerpt from the report from the KW Real Estate board.

K-W Home Sales End Year on Strong Note

Another new record for residential sales was set by the Kitchener‐Waterloo Real Estate Board (KWREB) in December. MLS® home sales hit 356 units to the end of December, a 60 percent increase from the same month one year ago, and a 15 percent increase from the previous record set in 2006.

The steady climb of residential property sales that began in the second quarter brought the year‐to‐date total in Kitchener‐Waterloo and area to 6,467, a 5.8 percent increase over 2008.

“2009 got off to a slow start due to some lingering economic concerns,” reports Ted Scharf, the President of the Kitchener‐Waterloo Real Estate Board, “however, once consumers regained their confidence around April of this year, it proved to be a surprisingly active year. We had strong sales in the second quarter followed by the best third and fourth quarter sales ever.”

To read the whole report, click here

My impression of this information is that the Kitchener Waterloo real estate market continues to remain strong and will continue to remain strong throughout 2010. I think the HST will have a minimal impact of home sales this year. People will rush to buy houses before the HST hits and then slow down a bit upon its implementation. If interest rates remain low then we might not see any slowing of the real estate market in Kitchener Waterloo. I think one of our challenges this year will be to keep house pricing under control. If house prices rise too much. they will just sit on the market longer. I am confident that everything will be just fine!!! Based on the activity and all the opinions of my peers, 2010 will be better then 2009.

Thanks for reading!

We are a full-time real estate team in Kitchener Waterloo area. We enjoy assisting buyers and sellers with the purchase or sale of real estate in the Kitchener-Waterloo or Cambridge areas. If you would like us to help you with your home search, please check out our brand-new free search website.

Warren & Melanie McNeil | Sales Representatives, Team McNeil
Re/Max Twin City Realty, Brokerage ( 519.579.4110 
8 www.TeamMcneil.com, www.LoftStyle.ca, www.ClickThatHouse.com  
P.S. Looking for a condo or loft, check out our brand new website at www.LoftStyle.ca!

Waterloo East, Waterloo  -  The 2 story at 665 Breakwater Cr in Waterloo has been sold.

Property information

Waterloo East, Waterloo  -  The 2 story at 665 Breakwater Cr in Waterloo has been sold.

Property information

First test post on our new Elmira and area real estate blog. I plan on updating this blog regularly.

Thanks for reading!

Warren

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By Warren McNeil

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www.loftstyle.ca/blog

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