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.

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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By Warren McNeil
 

The Table below shows the most relevant real estate data for the month of Jan 2010 and compares it with the previous month and the previous year, Dec 2009 and January 2009, respectively. This information is for single detached only in all areas.

See the post titled Kitchener-Waterloo sets record for sales in January 2010

Similar to what I said last month, I think this year will continue to be a  strong year for real estate sales. I think that the interest rates will continue to stay low until the middle of the year and then possibly increase by July-August. The inventory is a bit low right now and buyers are buying up what’s available. I think the spring market is going to be hot.

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

Connect with us on the following social networks   Facebook: www.facebook.com/teammcneilremax

By Warren McNeil
 

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

Unbelievable!! See my previous post here with the KWREB press release for November.

New Record! K-W & Area Home Sales Reach High for Second Consecutive Month

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By Warren McNeil,

I know I just posted the stats a couple of days ago but I felt compelled to mention these particular details. October 2009 set a record for the total number of sales by the end of the month. The number was 579 units which is approximately 40.5% more then last October. This is great news with all the exchange that is going on. I expect we will see more of the same and am optimistic that 2010 will be a record breaking year!

Here is the media release fromt he Kitchener Waterloo Real Estate board…. 

MLS® HOME SALES REACH MONTHLY HIGH FOR SECOND CONSECUTIVE MONTH IN OCTOBER

KITCHENER-WATERLOO, ON (November 4, 2009) – A new record for residential sales was set in October as MLS® homes sales to the end of October reached 579 units. That’s a 40.5 percent increase from October 2008 and the second consecutive month that sales set a monthly record.

“October was an especially busy month for local REALTORS®,” according to Karen Shartun, President of the Kitchener-Waterloo Real Estate Board (KWREB). “Last month’s results represent the largest month-over-month increase we’ve seen all year, and now overall residential unit sales have practically caught up to 2008 figures on a year-to-date basis.”

Year-to-date, there have been 5,545 residential units sold, which is just 1% shy of the 5,596 units sold to-date this time last year.

Home sales last month totalled $149,717,233 (up 37.5 percent from October 08) and included 355 detached homes (up 35.5 percent from October 08), 114 condominium units (up 25.3 percent from October 08), 53 semis  (up 165 percent from October 08), and 53 townhouses (up 43.2 percent from October 08).

The average price of all residential properties sold through the MLS® System of the KWREB last month sold for an average price of $258,579 a 2.1 percent decrease from October 2008. Similarly, the average price of a single family detached home sold in October decreased 2.5 percent to $300,360.

In the condominium market the average sale price in October was $171,810 a 2.8 percent increase over October 2008.

“There continues to be strong demand for homes in Kitchener-Waterloo and area,” says Shartun. “And that is being driven by low interest rates, the desire for homeownership, and general confidence in real estate as a wise investment.

 In a nutshell, looks like the Kitchener-Waterloo real estate market is hot!

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  

By Warren McNeil
 

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

Thanks for reading!