http://www.teammcneil.com – Kitchener Waterloo Real Estate – Is buying a house during the holidays or the winter a bad time to buy or should you wait till the spring? I think not. I think that if you need to buy, anytime is a good time to buy. The right house could be on the market anytime so it might not be a bad idea to look all year round.
Check out my video below and please leave a comment! Thanks for watching!!
Thanks for reading!
Warren & Melanie McNeil | Sales Representatives, Team McNeil RE/MAX Twin City Realty, Brokerage ( 519.579.4110 | 519-498-8118
Kitchener Waterloo Real Estate Board Statistics for Nov 2011
By Warren McNeil
The Table below shows the most relevant Kitchener Waterloo real estate data for the Month of November 2011 and compares it with the same month in the previous year. This information is for Single Detached All Areas.
Please view this video I did about the Kitchener Waterloo Real Estate board statistics for Nov 2011:
Kitchener Waterloo Real Estate Board Statistics for Nov 2011
Single Family Detached Homes in All Areas
WATERLOO REGION (ALL Areas, Single-All Areas)
Nov 2011
Nov 2010
%CHANGE 10/11
Oct 2011
%CHANGE Oct/Nov
UNITS SOLD
293 SOLD
304 SOLD
-3.6%
319
-8.2%
AVERAGE PRICE SOLD
$344,404
$321,747
+7.0%
$353,063
-2.5%
AVERAGE DAYS ON MARKET
56 DAYS
59 DAYS
-5.1%
52
+7.7%
MEDIAN SALE PRICE
$315,000
$286,000
+10.1%
$305,000
+3.3%
SALE PRICE TO LIST PRICE RATIO
97.6%
97.7%
0.0%
97.4%
+0.2%
TOTAL RESIDENTIAL (Year-To-Date)
5921 SOLD
6062 SOLD
-2.3%
The above information is believed to be correct errors and ommissions accepted
The median home price is one of the most common measurements used to compare real estate prices in different markets, areas, and periods. It is said to be less biased than the mean (average) price since it is not as heavily influenced by small number of very highly priced homes.
If we take 7 houses that were sold and sort their prices from lowest to highest in 1000s of Canadian Dollars.
225, 250, 275, 280, 300, 330, 350
Median price is 280, because it is right in the middle of the range – there are 3 prices that are lower and 3 prices that are higher.
How median price is different from average price?
To calculate average price we have to sum all of the prices and then divide by the number of units sold, therefore
Average price = (225 + 250 + 275+ 280 + 300 + 330 + 350) / 7 = approximately 287
What median price shows?
It shows who rules the market in a certain place (suburb or area) at certain time (i.e. 3 or 6 months or a year): if there are more people buying expensive houses than cheap ones, it will go up, but if there are more people buying cheap property than expensive – it will go down.
Kitchener Waterloo Real Estate Statistics Nov 2011
Thanks for reading!
Warren & Melanie McNeil | Sales Representatives, Team McNeil RE/MAX Twin City Realty, Brokerage ( 519.579.4110 | 519-498-8118
KITCHENER-WATERLOO, ON (December 5, 2011) –– There were a total of 450 residential sales through the Multiple Listing Service (MLS®) of the Kitchener‐Waterloo Association of REALTORS® (KWAR) in November, with a total dollar volume of $134,889,762, a decrease of 1.7 percent relative to results in November 2010.
Sales of residential properties to the end of November were down 7.8 percent compared to results one year ago, but on par with the previous 5-year average for units sold in the month of November.
“November’s home sales were on par with expectations and previous year’s activities, and we are pleased to report that the residential real estate market continues to demonstrate its stability in Waterloo Region,” said Sara Hill, President of the KWAR.
Year-to-date, there have been 5,921 residential units sold, a decline of 2.3 percent compared to the same period last year.
Home sales last month included 292 detached homes (down 3.3 percent from November 2010), 89 condominium units (down 28.8 percent from November 2010), 37 semis (up 2.8 percent from November 2010), and 26 townhouses (up 18.2 percent from November 2010).
The average price of all homes sold last month increased 6.6 percent to $299,755. Sales of detached homes contributed the most significant increase with a jump of 7 percent in November to $344,404, relative to one year ago. The next biggest increase came from the freehold Townhouse category which increased 6.1 percent to $257,142. Decreased demand for condominium sales in November was reflected by the 0.3 percent decrease in the average price to $207,697 from November 2010.
“The Waterloo Region housing market is on solid footing,” says President Hill, “contrary to some recent international headlines suggesting a slump in the so-called global housing market. This simply reinforces the importance for consumers to talk to a local REALTOR® to understand what’s really happening at the local level, as housing markets often differ from national or even international trends.”
Thanks for reading!
Warren & Melanie McNeil | Sales Representatives, Team McNeil RE/MAX Twin City Realty, Brokerage ( 519.579.4110 | 519-498-8118
We are doing a house on this property today between 2-4pm. Please drop by if you are in the area..
Nearly New! Well maintained Hawthorne model in Huron Park. Spacious layout features separate dining room, main floor laundry, generous great room open to dream kitchen featuring stainless steel appliances and dinette overlooking backyard backing onto greenspace. Large master bedroom features his and her closets as well as a 3 piece ensuite. Upstairs also features an open den or computer area off the bedrooms. Upgrades include 9’ ceilings, dark maple kitchen, built in dishwasher and microwave, gas fireplace in great room, elegant arches, central air, walk out basement with patio, air exchanger, water softener and alarm system. Shows Well!
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Video Blogs — Tags: buying a house in the winter, holiday home shopping, kitchener real estate —
wmcneil @ December 30, 2011 1:12 am
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