How’s The Market? Kitchener Waterloo Real Estate Board Statistics for Dec 2011

How’s The Market? Kitchener Waterloo Real Estate Board Statistics for Dec 2011

By Warren McNeil

How’s the market? We get asked that question all of the time. The answer: It all depends. It is different if you are looking to buy, sell or invest. Knowing the market information is key to knowing when the best time to buy, sell and invest.

The Table below shows the most relevant Kitchener Waterloo real estate data for the Month of December 2011 and compares it with the same month in the previous year. This information is for Single Detached All Areas.

kitchener waterloo real estate board statistics

Please view this video I did about the Kitchener Waterloo Real Estate board statistics for Dec 2011:

Kitchener Waterloo Real Estate Board Statistics for Dec 2011

Single Family Detached Homes in All Areas

WATERLOO REGION
(ALL Areas, Single-All Areas)
Dec 2011 Dec 2010 %CHANGE 10/11 Nov 2011 %CHANGE Nov/Dec
UNITS SOLD 221 SOLD 207 SOLD +6.8% 293 -24.6%
AVERAGE PRICE SOLD
$345,773
$329,134
+5.1%
$344,037
+0.5%
AVERAGE DAYS ON MARKET (Resale Homes) 53 DAYS 59 DAYS -10.2% 51 +3.9%
MEDIAN SALE PRICE $320,000 $300,000 +6.7% $315,000 +1.6%
SALE PRICE TO LIST PRICE RATIO 97.2% 97.7% -0.5% 97.6% -0.4%

 

 

TOTAL RESIDENTIAL  (Year-To-Date)

Total unit sales year to date for all single family detached and single family-all other (Semis, freehold towns etc)

YTD 2011 YTD 2010  
6253 SOLD 6389 SOLD -2.1%

The above information is believed to be correct errors and ommissions accepted

Here is the Kitchener Waterloo Real Estate Board’s press release for Dec 2011.


What is Median Sale Price? (Reference Wikipedia)


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 Dec 2011


Thanks for reading!

Warren & Melanie McNeil | Sales Representatives, Team McNeil
RE/MAX Twin City Realty, Brokerage ( 519.579.4110 | 519-498-8118
Connect with us on the following social networks
email Email Team McNeil twitter Team McNeil on Twitter rss Team McNeil's Blog youtube Team McNeil on Youtube linkedin Team McNeil on LinkedIn
Facebook: www.facebook.com/TeamMcNeilRemax

websites: www.TeamMcNeil.com, www.ClickThatHouse.com,
www.KitchenerLofts.com,
www.ElmiraRealEstate.ca

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Kitchener Waterloo Real Estate Board Statistics for Nov 2011

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.

kitchener waterloo real estate board statistics

 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

Here is the Kitchener Waterloo Real Estate Board’s press release for Nov 2011.


What is Median Sale Price? (Reference Wikipedia)


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
Connect with us on the following social networks
email Email Team McNeil twitter Team McNeil on Twitter rss Team McNeil's Blog youtube Team McNeil on Youtube linkedin Team McNeil on LinkedIn
Facebook: www.facebook.com/TeamMcNeilRemax

websites: www.TeamMcNeil.com, www.ClickThatHouse.com,
www.KitchenerLofts.com,
www.ElmiraRealEstate.ca

Bookmark and Share



Steady Home Sales in November

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
Connect with us on the following social networks
email Email Team McNeil twitter Team McNeil on Twitter rss Team McNeil's Blog youtube Team McNeil on Youtube linkedin Team McNeil on LinkedIn
Facebook: www.facebook.com/TeamMcNeilRemax

websites: www.TeamMcNeil.com, www.ClickThatHouse.com,
www.KitchenerLofts.com,
www.ElmiraRealEstate.ca

Bookmark and Share
wmcneil Filed under: KW Real Estate Board Statistics — Tags: — wmcneil @ 1:55 pm



Kitchener Waterloo Real Estate Statistics Single-Detached vs Condo Sales from Aug 1st to Nov 23rd 2011

Here is a video I did about the unit sales for single-detached houses and condominiums in the Kitchener Waterloo area. This information is useful for people who live in these areas as well as those who are looking to buy or sell and want to know what the top selling areas are. If you would like me to report any other statistical information, please feel free to leave a comment below.

 

 

Here is a breakdown of the stats that I used in the video.

Unit Sales Single-Detached Condominiums
Total Unit Sales 826 355
Waterloo West 179 73
Waterloo East 166 50
Kitchener West 337 171
Kitchener East 144 61

 

Top 3 selling areas for Single-detached

  • Laurention/Country Hills - 74 sales
  • Forest Heights – 46 sales
  • Forest Hill – 43 Unit sales

Top Selling Age Ranges for Single-Detached

  • 6-10 Years – 35 unit sales
  • 31-40 years – 36 unit sales
  • 41-60 years – 32 unit sales

Top Selling areas for Condominiums

  • Laurention/Country Hills – 41 units sold

Top selling age Ranges for Condominiums

  • Less then 5 years – 13 unit sales

 

 


Thanks for reading!

Warren & Melanie McNeil | Sales Representatives, Team McNeil
RE/MAX Twin City Realty, Brokerage ( 519.579.4110 | 519-498-8118
Connect with us on the following social networks
email Email Team McNeil twitter Team McNeil on Twitter rss Team McNeil's Blog youtube Team McNeil on Youtube linkedin Team McNeil on LinkedIn
Facebook: www.facebook.com/TeamMcNeilRemax

websites: www.TeamMcNeil.com, www.ClickThatHouse.com,
www.KitchenerLofts.com,
www.ElmiraRealEstate.ca

Bookmark and Share



Kitchener Waterloo Real Estate Board Statistics for Oct 2011

Kitchener Waterloo Real Estate Board Statistics for Oct 2011

By Warren McNeil

The Table below shows the most relevant Kitchener Waterloo real estate data for the Month of October 2011 and compares it with the same month in the previous year. This information is for single detached only in all areas.

kitchener waterloo real estate board statistics

 

Kitchener Waterloo Real Estate Board Statistics for Oct 2011

Single Family Detached Homes only

WATERLOO REGION
(ALL Areas, Single-Detached Only)
Oct 2011 Oct 2010 %CHANGE 10/11 Sept 2011 %CHANGE Sept/Oct
UNITS SOLD 317 SOLD 291 SOLD +8.9% 325 -2.5%
AVERAGE PRICE SOLD
$352,864
$346,499
+1.8%
$332,358
+6.2%
AVERAGE DAYS ON MARKET 52 DAYS 51 DAYS +2.0% 48 +8.3%
MEDIAN SALE PRICE $305,000 $309,000 -1.3% $307,000 -0.7%
SALE PRICE TO LIST PRICE RATIO 97.5% 97.7% -0.3% 97.7% -0.3%

The above information is believed to be correct errors and ommissions accepted

Here is the Kitchener Waterloo Real Estate Board’s press release for Oct 2011.


OCTOBER RESIDENTIAL SALES UP

KITCHENER‐WATERLOO, ON (Nov 3rd, 2011) –– The number of residential real estate sales through the Multiple Listing Service (MLS®) of the Kitchener‐Waterloo Association of REALTORS® (KWAR) increased to mark a gain over October 2010 of 4.9 percent.

There were a total of 470 residential sales, with a total dollar volume of $143,058,192, representing a 5.6 percent increase over results recorded in October 2010. “Although all marketplaces are subject to month to month fluctuations it is obvious that we have a strong, stable market in our region,” said George Patton, President of the KWAR. “We are seeing that people have confidence in investing in the housing market in this area.” Year‐to‐date, there have been 5,574 residential units sold, a decline of 2 percent compared to the same period last year. Home sales last month included 309 detached homes (up 6.6 percent from October 2010), 98 condominium units (up 3.2 percent from October 2010), 31 semis (down 11.4 percent from October 2010), and 26 townhouses (on par with October 2010). Price increases were stable in October; the average price for all residential properties last month was $304,379, a 0.7 percent increase compared to a year ago.
Similarly, the average price of a single family detached home sold in October increased a slight 0.9 percent to $332,358. “Those wishing to enter the housing market can still take advantage of low interest rates,” says Patton. “Buyers can feel confident that they are purchasing in what is a healthy local housing market.”

The KWAR cautions that average sale price information can be useful in establishing long term trends, but should not be used as an indicator that specific properties have increased or decreased in value. The average sale price is calculated based on the total dollar volume of all properties sold. Those requiring specific information on property values should contact a REALTOR®.

What is Median Sale Price? (Reference Wikipedia)


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 Oct 2011


Thanks for reading!

Warren & Melanie McNeil | Sales Representatives, Team McNeil
RE/MAX Twin City Realty, Brokerage ( 519.579.4110 | 519-498-8118
Connect with us on the following social networks
email Email Team McNeil twitter Team McNeil on Twitter rss Team McNeil's Blog youtube Team McNeil on Youtube linkedin Team McNeil on LinkedIn
Facebook: www.facebook.com/TeamMcNeilRemax

websites: www.TeamMcNeil.com, www.ClickThatHouse.com,
www.KitchenerLofts.com,
www.ElmiraRealEstate.ca

Bookmark and Share




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