Kitchener Waterloo Real Estate Board Statistics for June 2010
By Warren McNeil
The Table below shows the most relevant Kitchener Waterloo real estate data for the month of June 2010 and compares it with the previous month and the previous year, (previous month) May 2010 and (previous year) June 2009, respectively. This information is for single detached only in all areas.
Kitchener Waterloo Real Estate Board Statistics June 2010
WATERLOO REGION
(ALL Areas)
(June 10)
(June 09)
%CHANGE
09/10
(May 10)
%CHANGE
May/June
UNITS SOLD
426
SOLD
469
SOLD
-9.2%
427
SOLD
-0.2%
AVERAGE PRICE SOLD
$325,870
$303,358
+7.4%
$342,146
-4.8%
ACTIVE LISTINGS
(END of PERIOD)
1653
ACTIVE
1538
ACTIVE
+7.5%
1636
ACTIVE
+1.0%
AVERAGE DAYS ON MARKET
36 DAYS
57 DAYS
-36.8%
37 DAYS
-2.7%
SALE PRICE TO
LIST PRICE RATIO
98%
98.3%
-0.3%
98.3%
-0.2%
As you can see from the above table, sales were really good in June. Last year there were more units sold but the average house price went up and the average days on market went down 36.8% this year over last year. Houses are selling faster. Sellers were trying to beat the HST so some were buying earlier in the year. Overall, residential sales in Kitchener Waterloo area are up 16% for the first 6 months of the year. This is good news and I expect the rest of the year to remain solid. The late-summer – fall market should be pretty strong.
The above Kitchener Waterloo Real Estate Board Statistics are believed to be correct errors and ommissions accepted.
Thanks for reading!
Warren & Melanie McNeil | Sales Representatives, Team McNeil RE/MAX Twin City Realty, Brokerage ( 519.579.4110 | 519-498-8118
There are many homes styles out there but one style seems to be really standing out lately. I can’t believe the number of requests I have received in the last week from people wanting to see bungalows. The bungalow home style is single story. What makes the bungalow style so appealing is that all the bedrooms are on the main floor. However finding newer bungalows in Kitchener-Waterloo can be quite challenging. The reason why they are hard to find is because bungalows require a certain lot size. Builders are building 2-story houses on smaller plots of land. That way they can sell more houses. If you want a new construction bungalow, you could end up paying a premium. Right now there are 15 new construction bungalows in K-W ranging in price from $408,000-1,3000,000. If you are looking for resale bungalows in Kitchener Waterloo, there are currently 152 for sale starting at 169,900-1,700,000. The median price of these 152 bungalows is $299,900.
Buyers looking for newer bungalows might want to look towards the smaller towns outside of Kitchener-Waterloo. Towns such as Drayton, New Hamburg, Wellesley, Baden and Elmira just to name a few. You can sometimes find really good value when you look in the smaller town.
If a bungalow is what you are after, there are plenty available. You might need to look at resale bungalows if you can’t find what you are looking for. If you want a really good bang for your buck then look at buying a bungalow in a smaller community.
Hello fellow bloggers and guests! Today I thought it would be a good idea to do a little self promotion about our social networking efforts. I think most realtors who harness the internet are using social networking to reach out to their past, present and future clients. It is a changing world and everything is becoming interconnected. When I think of the future of social media, business terms such as convergence or synergy come to mind. So far we have used social sites such as Facebook and Twitter to promote our listings and we have not used it to solicit for business. I don’t think we will ever use it to directly solicit for business.. Simply because we don’t feel that people want to be bombarded by constant solicitation. Instead we indirectly market to people. We make our presence known and allow people to “like” us ot ”follow” us if they feel like it. I think Twitter is the worst for direct solicitation. With Twitter, we get many people who we don’t even know trying to sell us a new product every day. This to me is no different then a cold caller trying to solicit to me on the telephone.
Realtor 2.0 or 3.0 will need to utilize social networking in the future because of this ever changing world we are living in. Just the other day I read the Facebook has 500,000 million users. If Facebook were a country it would be the third largest country in the world. This is a big deal and people need to sit up and take notice. Business practices are changing and will never be the same.
I am actually excited about the changes. I have to admit I was a bit negative towards Facebook in the beginning because I didn’t know how it could help me in my business. I thought it was just for people who wanted to play games like Mafia Wars or Farmville. My opnion has changed and I can really see the power of social media. I think the key to using Facebook and other social networking sites is to be non-intrusive and try to add value to what you have to say. I also think it is important to get involved and get interested in what others have to say as well.
We just bought a new car and I would like to blog about how positive the experiece was. We bought a 2010 Honda Accord Crosstour. We purchased the car from Waterloo Honda. Our salesmen was Jorge Sandoval. He did a really good job explaining all of the features of the car/CUV to us so we knew exactly what we were getting. There was never any pressure to buy and we felt really comfortable. In the past I have purchased cars from other dealers but I never felt that I really got what I wanted. This time we took our time and looked at everything that was available. We searched for this car for 2 years. I went to many car shows and looked at all of the different car options. We looked into the Venza and the Acura ZDX. Although I really liked those other vehicles, we liked the Crosstour the best.
The Crosstour is a Crossover vehicle and is equipped with a 270hp engine, 18″ tires and has 4 wheel drive. Living in Ontario Canada, our winters can get quite bad so I really like the option of having 4 wheel drive. We decided not to get nav because I didn’t like the way you had to use a dial to enter in the adesses instead of a touchscreen. We are buying a TomTom with lifetime map updates instead.
There are a few negative reviews out there about this vehicle regarding it’s appearance. Some reviewers think the vehicle looks ugly. I highly disagree and have been getting lots of people say they love how it looks. All I can say is that beauty is in the eye of the beholder.
If you are looking at buying a new car and want something that is really comfortable to drive with lots of power, take a look at the Honda Crosstour.
If you live in Kitchener Waterloo area, go in and visit Jorge Sandoval at Waterloo Honda. Tell him Warren sent you.
Thanks for reading!
Thanks for reading!
Warren & Melanie McNeil | Sales Representatives, Team McNeil RE/MAX Twin City Realty, Brokerage ( 519.579.4110 | 519-498-8118
We just listed a beautiful property in Hespeler that backs onto the river!
Address: 103 Queen St E, Cambridge
Features: Patio/Deck, Walk-Out Basement, Backs on Greenbelt/River, Separate Dining Room, Carpet Free, Central Air, Fenced Yard, Dishwasher Included, Water Softener, Waterfront Property
Description: Restored & updated century home backing trail & river! Lovely 3 bedroom,1 bath home features new kitchen w/porcelain floors,newer h/wood on main floor,updated windows, sep. dining room,c/air,3 season room w/view of river & access to backyard, partly finished basement w/recroom and w/out to backyard.Updated main bath with claw foot tub.Updated yet original character & charm remains! Shows well!
Price: $269,900
For more information about this property please email or call us.
Thanks for reading!
Thanks for reading!
Warren & Melanie McNeil | Sales Representatives, Team McNeil RE/MAX Twin City Realty, Brokerage ( 519.579.4110 | 519-498-8118
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kitchener real estate statistics — Tags: consumer confidence, Kitchener board stats, kitchener real estate, kitchener real estate statistics, kitchener waterloo active listings, kitchener waterloo average days on market, Kitchener Waterloo home sellers, kitchener waterloo real estate board, Kitchener Waterloo real estate statistics, kitchener waterloo unit sales, Kitchener-Waterloo Real Estate, kitchener-waterloo real estate agent, KW Real Estate, KW Real Estate Board Statistics, kwreb board statistics, month of march, Waterloo Real Estate, waterloo real estate statistics, Waterloo Region —
wmcneil @ July 29, 2010 1:58 pm
. We purchased the car from Waterloo Honda. Our salesmen was Jorge Sandoval. He did a really good job explaining all of the features of the car/CUV to us so we knew exactly what we were getting. There was never any pressure to buy and we felt really comfortable. In the past I have purchased cars from other dealers but I never felt that I really got what I wanted. This time we took our time and looked at everything that was available. We searched for this car for 2 years. I went to many car shows and looked at all of the different car options. We looked into the Venza and the Acura ZDX. Although I really liked those other vehicles, we liked the Crosstour the best.
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