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

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Seasons Greetings and Happy New Year From Team McNeil

We want to wish everyone happy holidays and a very happy New Year. We hope 2012 is filled with good health, wealth and happiness.

 

 
We’d like to thank all our past and present clients and we look forward to working with you in the future!


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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wmcneil Filed under: Kitchener-Waterloo Real Estate,Seasons Greetings — wmcneil @ December 22, 2011 3:43 pm

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

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

Residential sales to the end of the third quarter of 2011 are behind last year by 2.9 percent.

KITCHENER-WATERLOO, ON (Oct 5th, 2011) – Residential sales to the end of the third quarter of 2011 are behind last year by 2.9 percent.  A total of 4,975 homes have sold to date this year through the Multiple Listing Service (MLS®) of the Kitchener-Waterloo Association of REALTORS®, compared with 5,126 during the same period last year.

Overall residential sales brought the dollar volume to $1,493,498,796, an increase of 0.8 percent compared to one year ago.
While sales have been slightly behind last year’s results for most dwelling types, the condominium-class property has been the notable exception.   There have been 953 condominium sales year-to-date, a 2.8 percent increase compared to a year ago.

 

Source: Kitchener Waterloo Real Estate Board


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: Kitchener-Waterloo Real Estate — wmcneil @ October 19, 2011 11:29 am


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