July 29, 2010
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!
June 8, 2010
By Warren McNeil
The Table below shows the most relevant real estate data for the month of May 2010 and compares it with the previous month and the previous year, (previous month) April 2010 and (previous year) May 2009, respectively. This information is for single detached only in all areas.
WATERLOO REGION
(ALL Areas) |
(May 10)
|
(May 09) |
%CHANGE
09/10 |
(Apr 10)
|
%CHANGE
Apr/May |
| UNITS SOLD |
432
SOLD
|
478
SOLD
|
-9.6% |
485
SOLD
|
-10.9% |
| AVERAGE PRICE SOLD |
$338,209
|
$304,009
|
+11.2% |
$331,305
|
+2.1% |
ACTIVE LISTINGS
(END of PERIOD) |
1629
ACTIVE
|
1649
ACTIVE
|
-1.2% |
1397
ACTIVE
|
+16.6% |
| AVERAGE DAYS ON MARKET |
37 DAYS
|
49 DAYS
|
-24.5% |
43 DAYS
|
-14% |
SALE PRICE TO
LIST PRICE RATIO |
98.3% |
97.8% |
+0.4% |
98.5% |
-0.2% |
The above information is believed to be correct errors and ommissions accepted.
From the above graph you can see that the market is slowing a bit. Unit sales are down 10.9% over the same month last year. However the average house price is up 13% YTD for single detached houses in Kitchener-Waterloo.
Thanks for reading!
Thanks for reading!
May 17, 2010
April Home Sales Continue to Set Records
KITCHENER-WATERLOO – The sale of residential homes set a new record for April, surpassing the previous level set in 2007. Residential property sales through the Multiple Listing System (MLS®) of the Kitchener‐Waterloo Real Estate Board (KWREB) recorded 724 transactions, edging above the previous record set in 2007 of 711.
The 724 homes sold in April represent an increase of 12.6 percent relative to April 2009 results. In March there were 738 sales.
“April was a continuation of the spring surge which began a little earlier than usual this year with a record breaking March, “said, Ted Scharf, President of the Kitchener‐Waterloo Real Estate Board. “Buyers and sellers had an added sense of urgency this spring with the impending HST implementation and threat of rising interest rates.”
April’s sales included 482 detached homes (up 15.6 percent from 2009), 128 condominium units (up 18.5 percent from 2009), 46 semis (down 13.2 percent from 2009) and 62 townhouses (down 3.1 percent from 2009).
More homes selling in the higher price ranges was a notable trend last month notes Scharf. In April 2009 it was the lower priced residential homes driving the market out of the recession, now however; we are seeing a significant increase in the number of homes being sold above the $250,000 mark. 58% of the homes sold last month went for more than $250,000, compared to 43% in April 2009.
Stronger sales in the upper end of the residential market resulted in a 12.9 percent increase in the average residential price in April to $289,017, as compared with one year ago. Detached homes saw an average sale price of $331,366 a 14.3 percent increase relative to April 2009.
During the first four months of the year, there has been a 38.2 percent increase in the number of residential sales, with 2,437 residential sales compared to 1,763 in the same period one year ago.
REALTORS® believe that healthy communities depend on a strong economy, safe neighbourhoods, a clean environment, access to housing and the protection of rights of property owners. The KWREB recognizes the need to support and enhance the Quality of Life enjoyed by residents of Waterloo region.
Thanks for reading!
Thanks for reading!
March 6, 2010
By Warren McNeil
The Table below shows the most relevant real estate data for the month of Feb 2010 and compares it with the previous month and the previous year, January 2010 and February 2010, respectively. This information is for single detached only in all areas.
WATERLOO REGION
(ALL Areas) |
(Feb 10)
|
(Feb 09) |
%CHANGE
09/10 |
(Jan 10)
|
%CHANGE
Jan/Feb |
| UNITS SOLD |
350
SOLD
|
244
SOLD
|
+43.4% |
286
SOLD
|
+22.4% |
| AVERAGE PRICE SOLD |
$324,631
|
$280,332
|
+15.8% |
$316,687
|
+2.5% |
ACTIVE LISTINGS
(END of PERIOD) |
1132
ACTIVE
|
1496
ACTIVE
|
-24.3% |
1067
ACTIVE
|
+6.1% |
| AVERAGE DAYS ON MARKET |
42 DAYS
|
56 DAYS
|
-25% |
54 DAYS
|
+22.2% |
SALE PRICE TO
LIST PRICE RATIO |
98.3% |
97.3% |
+1.0% |
98.1% |
+0.2% |
The above information is believed to be correct errors and ommissions accepted.
See my recent post titled What’s going on with the Kitchener-Waterloo Real Estate Market
Thanks for reading!
| We are a full-time real estate team in Waterloo Region, Woolwich & Wellesley Townships. We enjoy assisting buyers and sellers with the purchase or sale of real estate in the Kitchener-Waterloo, Cambridge, Elmira, Wellesley, Wilmot, Drayton and everywhere in between. If you would like us to help you with your home search, please check out our brand-new free search website or if you are thinking of selling, get a free market evaluation. |
Warren & Melanie McNeil | Sales Representatives, Team McNeil
Re/Max Twin City Realty, Brokerage ( 519.579.4110 | 519-498-8118
8 www.TeamMcneil.com, www.ClickThatHouse.com, www.LoftStyle.ca, www.ElmiraRealEstate.ca |
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January 24, 2010
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.
WATERLOO REGION
(ALL Areas) |
(Dec 09)
|
(Dec 08) |
%CHANGE
09/08 |
(Nov 09)
|
%CHANGE
Dec/Nov |
| UNITS SOLD |
214
SOLD
|
151
SOLD
|
+41.7% |
356
SOLD
|
-39.9% |
ACTIVE LISTINGS
(END of PERIOD) |
879
ACTIVE
|
1220
ACTIVE
|
-28% |
1208
ACTIVE
|
-28.4% |
| AVERAGE PRICE SOLD |
$298,757
|
$295,027
|
+1.3% |
$319,706
|
-6.6% |
| AVERAGE DAYS ON MARKET |
51 DAYS
|
61 DAYS
|
-16.4% |
47 DAYS
|
+8.5% |
SALE PRICE TO
LIST PRICE RATIO |
97.8% |
96.8% |
+1% |
98.1% |
-0.3% |
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!
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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 —
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