Team McNeil Real Estate Blog http://www.teammcneil.com/blog Warren & Melanie's Real Estate Blog Tue, 08 May 2012 20:12:27 +0000 en hourly 1 http://wordpress.org/?v=3.3.1 LOCAL REALTOR (MELANIE MCNEIL) ® ACHIEVES NATIONAL RECOGNITION http://www.teammcneil.com/blog/2012/05/local-realtor-melanie-mcneil-achieves-national-recognition/ http://www.teammcneil.com/blog/2012/05/local-realtor-melanie-mcneil-achieves-national-recognition/#comments Tue, 08 May 2012 19:59:03 +0000 wmcneil http://www.teammcneil.com/blog/?p=3390 FOR IMMEDIATE RELEASE

CONTACT: Melanie McNeil
PHONE: 519-579-4110
RE/MAX Twin City Realty Inc.

LOCAL REALTOR® ACHIEVES NATIONAL RECOGNITION

Kitchener, ON - Melanie McNeil with RE/MAX Twin City Realty Inc. has been awarded the Accredited Buyer’s Representation (ABR®) designation by the Real Estate Buyer’s Agent Council. (REBAC) ofthe NATIONAL ASSOCIATION OF REALTORS® (NAR).

Melanie McNeil joins more than 30,000 real estate professionals in North America who have earned the ABR® designation. All were required to successfully complete a comprehensive course in buyer representation and an elective course focusing on a buyer representation specialty, both in addition to submitting documentation verifying professional experience.

REBAC, founded in 1988, is the world’s largest association of real estate professionals focusing specifically on representing the real estate buyer. There are more than 40,000 active members of the organization world-wide. THE NATIONAL ASSOCIATION OF REALTORS®, “The Voice for Real Estate,” is the world’s largest professional association, representing over 1,000,000 members involved in all aspects of the real estate industry.

You may contact the Real Estate Buyer’s Agent Council by telephone, (800) 648-6224, bye-mail, [rebac@realtors.orgJ, or by visiting the REBAC website, [ www.REBAC.net ]. ### ABR®


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
]]> http://www.teammcneil.com/blog/2012/05/local-realtor-melanie-mcneil-achieves-national-recognition/feed/ 0 LOCAL REALTOR (WARREN MCNEIL) ® ACHIEVES NATIONAL RECOGNITION http://www.teammcneil.com/blog/2012/05/local-realtor-warren-mcneil-achieves-national-recognition/ http://www.teammcneil.com/blog/2012/05/local-realtor-warren-mcneil-achieves-national-recognition/#comments Tue, 08 May 2012 19:58:38 +0000 wmcneil http://www.teammcneil.com/blog/?p=3379 FOR IMMEDIATE RELEASE

CONTACT: Warren McNeil
PHONE: 519-579-4110
RE/MAX Twin City Realty Inc.

LOCAL REALTOR® ACHIEVES NATIONAL RECOGNITION

Kitchener, ON – Warren McNeil with RE/MAX Twin City Realty Inc. has been awarded the Accredited Buyer’s Representation (ABR®) designation by the Real Estate Buyer’s Agent Council. (REBAC) ofthe NATIONAL ASSOCIATION OF REALTORS® (NAR).

Warren McNeil joins more than 30,000 real estate professionals in North America who have earned the ABR® designation. All were required to successfully complete a comprehensive course in buyer representation and an elective course focusing on a buyer representation specialty, both in addition to submitting documentation verifying professional experience.

REBAC, founded in 1988, is the world’s largest association of real estate professionals focusing specifically on representing the real estate buyer. There are more than 40,000 active members of the organization world-wide. THE NATIONAL ASSOCIATION OF REALTORS®, “The Voice for Real Estate,” is the world’s largest professional association, representing over 1,000,000 members involved in all aspects of the real estate industry.

You may contact the Real Estate Buyer’s Agent Council by telephone, (800) 648-6224, bye-mail, [rebac@realtors.orgJ, or by visiting the REBAC website, [ www.REBAC.net ]. ### ABR®


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
]]> http://www.teammcneil.com/blog/2012/05/local-realtor-warren-mcneil-achieves-national-recognition/feed/ 0 [OPEN HOUSE] Sunday April 15 between 2-4 – #68 – 110 HIGHLAND RD E, Kitchener On http://www.teammcneil.com/blog/2012/04/open-house-sunday-april-15-between-2-4-68-110-highland-rd-e-kitchener-on/ http://www.teammcneil.com/blog/2012/04/open-house-sunday-april-15-between-2-4-68-110-highland-rd-e-kitchener-on/#comments Wed, 11 Apr 2012 17:25:32 +0000 wmcneil http://www.teammcneil.com/blog/?p=3376 #68 - 110 HIGHLAND RD E, Kitchener On Better than new executive townhome. 3 bedrooms, 3 baths, professionally finished basement. Granite countertops, slate and hardwood floors, 9\’ceilings on mainfloor, nicely decorated. Upper level laundry room, master suite with w/in closet and 4 pc. ensuite. Attached garage with inside entry. Walkout from living room to deck and patio. Shows A+++ – View Listing

]]> http://www.teammcneil.com/blog/2012/04/open-house-sunday-april-15-between-2-4-68-110-highland-rd-e-kitchener-on/feed/ 0 [FOR SALE] #39 – 365 BENNINGTON GT, Waterloo On – $309,900 http://www.teammcneil.com/blog/2012/04/for-sale-39-365-bennington-gt-waterloo-on-309900/ http://www.teammcneil.com/blog/2012/04/for-sale-39-365-bennington-gt-waterloo-on-309900/#comments Wed, 11 Apr 2012 17:24:25 +0000 wmcneil http://www.teammcneil.com/blog/?p=3374 #39 - 365 BENNINGTON GT, Waterloo On Executive townhome in Waterloo with dble garage, backing greenspace. 3+1 spacious bedrooms, 4 baths, sep. dining room with walk out to deck overlooking forest. Walkout finished basement with recroom, bedroom, bathroom and walkout to private patio backing forest. Updated kitchen, furnace, patio doors and some windows. Rare, larger unit; don\’t miss out! – View Listing

]]> http://www.teammcneil.com/blog/2012/04/for-sale-39-365-bennington-gt-waterloo-on-309900/feed/ 0 [FOR SALE] #68 – 110 HIGHLAND RD E, Kitchener On – $319,900 http://www.teammcneil.com/blog/2012/04/for-sale-68-110-highland-rd-e-kitchener-on-319900/ http://www.teammcneil.com/blog/2012/04/for-sale-68-110-highland-rd-e-kitchener-on-319900/#comments Wed, 11 Apr 2012 17:12:01 +0000 wmcneil http://www.teammcneil.com/blog/?p=3372 #68 - 110 HIGHLAND RD E, Kitchener On Better than new executive townhome. 3 bedrooms, 3 baths, professionally finished basement. Granite countertops, slate and hardwood floors, 9\’ceilings on mainfloor, nicely decorated. Upper level laundry room, master suite with w/in closet and 4 pc. ensuite. Attached garage with inside entry. Walkout from living room to deck and patio. Shows A+++ – View Listing

]]> http://www.teammcneil.com/blog/2012/04/for-sale-68-110-highland-rd-e-kitchener-on-319900/feed/ 0 How’s The Market? Kitchener Waterloo Real Estate Board Statistics for Feb 2012 http://www.teammcneil.com/blog/2012/03/hows-the-market-kitchener-waterloo-real-estate-board-statistics-for-feb-2012/ http://www.teammcneil.com/blog/2012/03/hows-the-market-kitchener-waterloo-real-estate-board-statistics-for-feb-2012/#comments Tue, 06 Mar 2012 18:31:12 +0000 wmcneil http://www.teammcneil.com/blog/?p=3356

How’s The Market? Kitchener Waterloo Real Estate Board Statistics for Feb 2012

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 February 2012 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

Kitchener Waterloo Real Estate Board Statistics for Feb 2012

Single Family Detached Homes in All Areas
WATERLOO REGION
(ALL Areas, Single-All Areas)		 Feb 2012 Feb 2011 %CHANGE 11/12 Jan 2012 %CHANGE Jan 12/Feb 12 
UNITS SOLD 324 SOLD 311 SOLD +4.2% 227 +42.7%
AVERAGE PRICE SOLD
$349,870
$331,120
 +5.7%
$361,961
 -3.3%
AVERAGE DAYS ON MARKET (Resale Homes) 42 DAYS 44 DAYS -4.5% 56 -25%
MEDIAN SALE PRICE $307,000 $309,500 -0.8% $328,000 -6.4%
SALE PRICE TO LIST PRICE RATIO 98% 98.3% -0.3% 97.9% +0.1%

 

 

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 2012 YTD 2011  %Change
830 SOLD 869 SOLD -4.5%

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

Kitchener Waterloo Real Estate board press release for Feb 2012

Kitchener-Waterloo Home sales steady in February

KITCHENER-WATERLOO, ON (March 5, 2012) –– There were 487 homes sold last month through the Multiple Listing System (MLS®) of the Kitchener-Waterloo Association of REALTORS® (KWAR), a 2.2 percent decrease compared to last year, but still a better than average February.

February’s residential sales totaled $149,990,413, a 4.5 percent increase over last year, and included 321 detached homes (an increase of 3.5%), 92 condominium units (down 13.2%), 34 semis (down 26.1%) and 38 townhouses (up 18.8%).

The average sale price of all residential sales increased 6.8 percent to $307,989 compared with February 2011. Single detached homes sold for an average price of $351,122, an increase of 6 percent compared to last year. In the condominium market prices did not change much from last year, with February’s results showing an average price of $200,043, a 0.8 percent increase over last year.

“Low interest rates and a diversified local economy continue to support a stable real estate market for the Kitchener-Waterloo area,” said Sara Hill, KWAR’s President.

With the spring market fast approaching, the president of the KWAR has some advice for would-be real estate consumers, “This is the time of year when buyers and sellers start entering the market in droves.

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 Jan 2012


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
]]> http://www.teammcneil.com/blog/2012/03/hows-the-market-kitchener-waterloo-real-estate-board-statistics-for-feb-2012/feed/ 0 How’s The Market? Kitchener Waterloo Real Estate Board Statistics for Jan 2012 http://www.teammcneil.com/blog/2012/02/hows-the-market-kitchener-waterloo-real-estate-board-statistics-for-jan-2012/ http://www.teammcneil.com/blog/2012/02/hows-the-market-kitchener-waterloo-real-estate-board-statistics-for-jan-2012/#comments Thu, 23 Feb 2012 19:34:16 +0000 wmcneil http://www.teammcneil.com/blog/?p=3336

How’s The Market? Kitchener Waterloo Real Estate Board Statistics for Jan 2012

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 January 2012 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

Kitchener Waterloo Real Estate Board Statistics for Jan 2012

Single Family Detached Homes in All Areas
WATERLOO REGION
(ALL Areas, Single-All Areas)		 Jan 2012 Jan 2011 %CHANGE 11/12 Dec 2011 %CHANGE Dec 11/Jan 12 
UNITS SOLD 227 SOLD 246 SOLD -7.7% 211 +2.7%
AVERAGE PRICE SOLD
$361,961
$315,594
 14.7%
$345,773
 +4.7%
AVERAGE DAYS ON MARKET (Resale Homes) 56 DAYS 48 DAYS +16.7% 53 +5.7%
MEDIAN SALE PRICE $328,000 $289,000 +13.5% $320,000 +2.5%
SALE PRICE TO LIST PRICE RATIO 97.9% 97.9% 0% 97.2% +0.8%

 

 

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 2012 YTD 2011  %Change
343 SOLD 371 SOLD -7.5%

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 Jan 2012


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
]]> http://www.teammcneil.com/blog/2012/02/hows-the-market-kitchener-waterloo-real-estate-board-statistics-for-jan-2012/feed/ 0 [FOR SALE] 59 St George St, Kitchener – $244,900 http://www.teammcneil.com/blog/2012/02/for-sale-59-st-george-st-kitchener-244900/ http://www.teammcneil.com/blog/2012/02/for-sale-59-st-george-st-kitchener-244900/#comments Wed, 22 Feb 2012 18:50:14 +0000 wmcneil http://www.teammcneil.com/blog/?p=3331 59 St George St, Kitchener Fantastic investment opportunity! Legal non-conforming duplex live in main floor, rent out upper level. Updated home with new kitchen, some new windows, updated bath, flooring, ceilings, wiring! New loft area! – View Listing

]]> http://www.teammcneil.com/blog/2012/02/for-sale-59-st-george-st-kitchener-244900/feed/ 0 Re/Max Kickstart Rally 2012 – Gary Vaynerchuk keynote review http://www.teammcneil.com/blog/2012/01/remax-kickstart-rally-2012-gary-vaynerchuk-keynote-review/ http://www.teammcneil.com/blog/2012/01/remax-kickstart-rally-2012-gary-vaynerchuk-keynote-review/#comments Thu, 26 Jan 2012 20:34:23 +0000 wmcneil http://www.teammcneil.com/blog/?p=3316 by Warren McNeil,

Here is a video I did about the keynote that Gary Vaynerchuk did at this years Re/Max Kickstart rally in downtown Toronto. Gary was full of energy and provided us with some great information about how to best use social media for our business.

I came away with that all you need to do to be successful with social media is to be yourself and don’t market to people. People will find you when they need you if you provide them value. You need to be patient!

 

Be sure to checkout Gary’s new book, “The Thank You Economy”. http://thankyoueconomybook.com/

Thank you GaryVee!!!

 


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
]]> http://www.teammcneil.com/blog/2012/01/remax-kickstart-rally-2012-gary-vaynerchuk-keynote-review/feed/ 0 [SOLD] #65-463 Beechwood PL, Waterloo – $174,500 http://www.teammcneil.com/blog/2012/01/for-sale-65-463-beechwood-pl-waterloo-174500/ http://www.teammcneil.com/blog/2012/01/for-sale-65-463-beechwood-pl-waterloo-174500/#comments Tue, 17 Jan 2012 04:03:18 +0000 wmcneil http://www.teammcneil.com/blog/?p=3307 #65-463 Beechwood PL, Waterloo Well maintained bright, spacious, upper level 2 bedroom, 2 bath condo in Waterloo. Brand new furnace, c/air and water heater. Walk out from living room to private terrace. Low condo fees. Shows very well! – View Listing


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
]]> http://www.teammcneil.com/blog/2012/01/for-sale-65-463-beechwood-pl-waterloo-174500/feed/ 0