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 |
| Connect with us on the following social networks
Facebook: www.facebook.com/teammcneilremax
|
February 6, 2010
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.
WATERLOO REGION
(ALL Areas) |
(Jan 10)
|
(Jan 09) |
%CHANGE
09/10 |
(Dec 09)
|
%CHANGE
Dec/Jan |
| UNITS SOLD |
285
SOLD
|
171
SOLD
|
+66.7% |
213
SOLD
|
+33.8% |
| AVERAGE PRICE SOLD |
$316,913
|
$279,020
|
+13.6% |
$299,291
|
+5.9% |
ACTIVE LISTINGS
(END of PERIOD) |
1059
ACTIVE
|
1421
ACTIVE
|
-25.5% |
911
ACTIVE
|
+16.2% |
| AVERAGE DAYS ON MARKET |
55 DAYS
|
61 DAYS
|
-9.8% |
49 DAYS
|
+12.2% |
SALE PRICE TO
LIST PRICE RATIO |
98.1% |
96.9% |
+1% |
97.9% |
+0.2% |
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
|
December 7, 2009
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.
| WATERLOO REGION (ALL Areas) |
(Oct 09)
|
(Nov 09)
|
(Nov 08)
|
| UNITS SOLD |
358 SOLD
|
357 SOLD
|
197 SOLD
|
| ACTIVE LISTINGS (END of PERIOD) |
1306 ACTIVE
|
1208 ACTIVE
|
1584 ACTIVE
|
| AVERAGE PRICE SOLD |
$300,239
|
$319,954
|
$302,452
|
| AVERAGE DAYS ON THE MRKT |
42 DAYS
|
47 DAYS
|
57 DAYS
|
| SALE PRICE TO LIST PRICE RATIO |
98% |
98.1% |
97% |
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
Thanks for reading!
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|
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KW Real Estate Board Statistics,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 @ 10:28 pm
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