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Kitchener Waterloo Real Estate Board Statistics for October 2010
By Warren McNeil
The Table below shows the most relevant Kitchener Waterloo real estate data for the month of October 2010 and compares it with the previous month and the previous year, (previous month) July 2010 and (previous year) October 2009, respectively. This information is for single detached only in all areas.
Kitchener Waterloo Real Estate Board Statistics October 2010
WATERLOO REGION
(ALL Areas) |
(Oct 10)
|
(Oct 09) |
%CHANGE
09/10 |
(Sept 10)
|
%CHANGE
Sept/Oct |
| UNITS SOLD |
289
SOLD
|
354
SOLD
|
-18.4% |
313
SOLD
|
-7.7% |
| AVERAGE PRICE SOLD |
$346,436
|
$305,219
|
+13.5% |
$326,935
|
+6.0% |
ACTIVE LISTINGS
(END of PERIOD) |
1591
ACTIVE
|
1333
ACTIVE
|
+19.4% |
1603
ACTIVE
|
-0.7 |
| AVERAGE DAYS ON MARKET |
51 DAYS
|
42 DAYS
|
+21.4% |
50 DAYS
|
+2.0% |
SALE PRICE TO
LIST PRICE RATIO |
97.7% |
98% |
-0.3% |
97.7% |
0.0% |
Kitchener Waterloo Real Estate Board Press Release:
KITCHENER-WATERLOO, ON (Oct 5, 2010) –Home sales to the end of the third quarter of 2010 are ahead of last year by 4.5 percent. There were a total of 5,113 home sales through the Multiple Listing System (MLS®) of the Kitchener-Waterloo Real Estate Board (KWREB) during the first nine months of the year, compared with 4,892 during the same period of 2009.
“This is the first time since 2007 that sales to the end of the third quarter have increased on a year over year basis”, says Ted Scharf, President of the KWREB. “It was also our third best September on record. “
Sales last month brought the dollar volume to $1,477,077,951, an increase of 14.1 percent compared to one year ago.
The most popular price range year-to-date has been for homes selling between $225,000 and $250,000, with nearly 15 percent of sales happening in that bracket. This is down slightly from 2009, when the percentage was 16 percent.
The number of residential sales increased in every price category above $250,000, with the biggest jump occurring in the most expensive homes. 62 homes sold to the end of September for more than $750,000, compared to only 24 last year at this time, a jump of 158 percent.
Stronger demand for high-end homes has contributed to the 10.2 percent increase in the average sale price of all detached homes sold year-to-date. The average price of a detached home to the end of the third quarter was $329,063, compared to $298,626 to the end of September 2009.
The average price of all residential properties sold year-to-date was $288,887, a 9.1 percent increase relative to 2009 results.
Scharf says the local residential real estate market should remain strong for the balance of the year. The local economy is both diverse and dynamic, and our region is highly regarded as a perfect place to make roots and invest in a home.
See other recent blog posts about the Kitchener Waterloo Real Estate market:
The Condo and Loft Market in Kitchener Waterloo is Booming
Kitchener Waterloo Real Estate Market Predicted to Stabilize in 2011
Thanks for reading!
Kitchener Waterloo Real Estate Board Statistics for August 2010
By Warren McNeil
The Table below shows the most relevant Kitchener Waterloo real estate data for the month of August 2010 and compares it with the previous month and the previous year, (previous month) July 2010 and (previous year) August 2009, respectively. This information is for single detached only in all areas.
Kitchener Waterloo Real Estate Board Statistics August 2010
WATERLOO REGION
(ALL Areas) |
(Aug 10)
|
(Aug 09) |
%CHANGE
09/10 |
(July 10)
|
%CHANGE
July/Aug |
| UNITS SOLD |
296
SOLD
|
361
SOLD
|
-18% |
334
SOLD
|
-11.4% |
| AVERAGE PRICE SOLD |
$319,636
|
$293,153
|
+9.0% |
$321,867
|
-0.7% |
ACTIVE LISTINGS
(END of PERIOD) |
1512
ACTIVE
|
1399
ACTIVE
|
+8.1% |
1619
ACTIVE
|
-6.6% |
| AVERAGE DAYS ON MARKET |
53 DAYS
|
45 DAYS
|
-17.8% |
50 DAYS
|
+6.0% |
SALE PRICE TO
LIST PRICE RATIO |
97.7% |
97.9% |
-0.2% |
97.7% |
-0.1% |
Press Release:
Sept 3, 2010: Home sales eased in August, but remain stable when you consider the exceptionally strong spring market experienced in Kitchener-Waterloo and area.
There were a total of 475 home sales through the Multiple Listing System (MLS®) of the Kitchener-Waterloo Real Estate Board (KWREB) in August, compared with 586 sales the same month one year ago, a decrease of 18.9 percent.
“It’s important to remember that 2010 got off to an exceptionally strong start”, says Ted Scharf, President of the KWREB. “In anticipation of the HST, and in response to tougher mortgage rules implemented in the spring, prospective homebuyers came out in droves in February and March. “
Despite the summer slowdown, on a year-to-date basis, the number of residential transactions is up 5.6 percent to 4,616 units compared to last year, making this the second best year on record to-date.
The above Kitchener Waterloo Real Estate Board Statistics are believed to be correct errors and ommissions accepted.
Thanks for reading!
Kitchener Waterloo Home Sales Surpass Billion Dollar Mark In First Half Of 2010!
Kitchener Waterloo Home Sales are doing really well for the first part of the year. Although there were 97 less unit sales then the first half of 2007 the Kitchener Waterloo Real Estate board reports that sales have surpassed the billion dollar mark for the first half of 2010. This is really good news and just shows how strong the Kitchener Waterloo Real Estate market really is here. The average sale price for a single-detached home is $331,359. That’s an increase of 11.7% on a year-to-year basis. See the full report below for more information.
Kitchener Waterloo Home Sales Surpass Billion Dollar Mark In First Half Of 2010!
KITCHENER-WATERLOO, ON (July 6, 2010) – During the first half of the year, the number of residential properties sold through the Multiple Listing System (MLS®) of the Kitchener-Waterloo Real Estate Board (KWREB) increased 16 percent.
While the 3,633 homes sold during the first six months of the year are 96 units shy of 2007’s record breaking first half, the total value of those sales broke the one billion dollar mark for the first time to the end of June.
“The residential real estate market is alive and kicking in Waterloo Region,” says Ted Scharf, President of the KWREB. “Consumers continue to have a strong sense of confidence in the value of home ownership in the region, and I expect the market will remain steady and healthy for the remainder of the year.”
The increase in home sales occurred predominantly in the top half of the price range spectrum: There were 2,093 sales of residential properties for more than $250,000 to the end of June, compared to 1,446 for the same period in 2009, an increase of almost 45 percent.
In the upper end of the market, this trend was even more prominent, with an 84% increase in homes selling for more than half a million dollars relative to one year ago for a total of 205 sales.
The average sales price of all homes sold between January and June 2010 jumped 10.7 percent to $291,702, and the average price of detached homes was $331,359, an increase of 11.7 percent on a year-to date basis.
Residential property sales in June were down 12.1 percent compared to the same month last year, but were practically on par with May sales. Last month, there were a total of 634 homes sales in Kitchener-Waterloo and area, compared with 721 in June 2009.
“Considering the especially early spring market that started in March this year, June was surprisingly strong,” says Scharf. “This further illustrates the strength of our local market and is a reflection of our region’s strong economy.”
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.
To find out more information about Kitchener Waterloo Homes Sales, check out our Kitchener Waterloo Real Estate Board Statistics section of, our blog.
I am expecting the fall market in Kitchener-Waterloo to really pick up. In just the past week we have seen increased showing requests and buyer activity. I am optimistic that Kitchener Waterloo Home Sales for the remainder of the year will continue to be strong.
Thanks for reading!
Kitchener Waterloo Real Estate Board Statistics for June 2010
By Warren McNeil
The Table below shows the most relevant Kitchener Waterloo real estate data for the month of June 2010 and compares it with the previous month and the previous year, (previous month) May 2010 and (previous year) June 2009, respectively. This information is for single detached only in all areas.
Kitchener Waterloo Real Estate Board Statistics June 2010
WATERLOO REGION
(ALL Areas) |
(June 10)
|
(June 09) |
%CHANGE
09/10 |
(May 10)
|
%CHANGE
May/June |
| UNITS SOLD |
426
SOLD
|
469
SOLD
|
-9.2% |
427
SOLD
|
-0.2% |
| AVERAGE PRICE SOLD |
$325,870
|
$303,358
|
+7.4% |
$342,146
|
-4.8% |
ACTIVE LISTINGS
(END of PERIOD) |
1653
ACTIVE
|
1538
ACTIVE
|
+7.5% |
1636
ACTIVE
|
+1.0% |
| AVERAGE DAYS ON MARKET |
36 DAYS
|
57 DAYS
|
-36.8% |
37 DAYS
|
-2.7% |
SALE PRICE TO
LIST PRICE RATIO |
98% |
98.3% |
-0.3% |
98.3% |
-0.2% |
As you can see from the above table, sales were really good in June. Last year there were more units sold but the average house price went up and the average days on market went down 36.8% this year over last year. Houses are selling faster. Sellers were trying to beat the HST so some were buying earlier in the year. Overall, residential sales in Kitchener Waterloo area are up 16% for the first 6 months of the year. This is good news and I expect the rest of the year to remain solid. The late-summer – fall market should be pretty strong.
The above Kitchener Waterloo Real Estate Board Statistics are believed to be correct errors and ommissions accepted.
Thanks for reading!
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!
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kitchener real estate,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 @ November 7, 2010 3:22 pm
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