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By Warren McNeil
The Table below shows the most relevant real estate data for the month of April 2010 and compares it with the previous month and the previous year, (previous month) March 2010 and (previous year) April 2009, respectively. This information is for single detached only in all areas.
WATERLOO REGION
(ALL Areas) |
(April 10)
|
(April 09) |
%CHANGE
09/10 |
(Mar 10)
|
%CHANGE
Mar/Apr |
| UNITS SOLD |
482
SOLD
|
417
SOLD
|
+15.6% |
432
SOLD
|
+11.6% |
| AVERAGE PRICE SOLD |
$331,366
|
$289,948
|
+14.3% |
$326,930
|
+6.4% |
ACTIVE LISTINGS
(END of PERIOD) |
1373
ACTIVE
|
1722
ACTIVE
|
-20.3% |
1291
ACTIVE
|
+11.1% |
| AVERAGE DAYS ON MARKET |
43 DAYS
|
59 DAYS
|
-27.4% |
39 DAYS
|
+10.3% |
SALE PRICE TO
LIST PRICE RATIO |
98.5% |
97.5% |
+1.0% |
98.1% |
+0.3% |
The above information is believed to be correct errors and ommissions accepted.
So the spring/early summer market is just steaming along. Things are still really busy. From the above graph, the number of unit sales increased by 15.6% over the same month last year. Average house price is also up 14.3%. Keep in mind this is based on same month last year. The average YTD sale price is $325,788 and last years (2009) YTD was $285,464 which is a 14.1% increase! Not too bad for sellers trying to maximize their sale price. Average days on market haven’t changed much.. Houses are selling quickly..
I expect things will cool a bit in July and then pick back up again in September. This is just my speculation. May and June will be busy months.
Thanks for reading!
Thanks for reading!
By Warren McNeil
The Table below shows the most relevant real estate data for the month of March 2010 and compares it with the previous month and the previous year, February 2010 and March 2010, respectively. This information is for single detached only in all areas.
WATERLOO REGION
(ALL Areas) |
(Mar 10)
|
(Mar 09) |
%CHANGE
09/10 |
(Feb 10)
|
%CHANGE
Jan/Feb |
| UNITS SOLD |
427
SOLD
|
324
SOLD
|
+31.8% |
350
SOLD
|
+22% |
| AVERAGE PRICE SOLD |
$326,233
|
$286,959
|
+13.7% |
$324,134
|
+0.6% |
ACTIVE LISTINGS
(END of PERIOD) |
1279
ACTIVE
|
1642
ACTIVE
|
-22.1% |
1151
ACTIVE
|
+11.1% |
| AVERAGE DAYS ON MARKET |
39 DAYS
|
53 DAYS
|
-26.4 |
42 DAYS
|
-7.1% |
SALE PRICE TO
LIST PRICE RATIO |
98.2% |
97.5% |
+0.6% |
98.3% |
-0.1% |
The above information is believed to be correct errors and ommissions accepted.
Another amazing month! For the first time in March, residential sales surpassed the 700 transactions threshold. This is for total residential sales. Detached home sales were up 31.8% over 2009. The average house price for total residential increased to $276,695 over the previous year.
The possible reasons for these increases is because of the nicer weather, the coming mortgage changes happening later this year, the HST and increased consumer confidence. I think the early spring has really helped the real estate market in Kitchener-Waterloo compared to last year.
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
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By Warren McNeil,
The spring market is nearly here and our Team is really gearing up. The Bank of Canada has maintained the interest rates which is really good news.
See: http://creanews.ca/2010/03/02/bank-of-canada-maintains-interest-rates-4/
Buyers are in the market right now looking to buy houses. However the biggest problem is low inventory levels. In January, the number of active listings was down 33% over 2009.
See: http://files.newswire.ca/577/MarketTrendsRpt2010.pdf
Our team has been doing lots of market evaluations for people lately so we know that it’s going to be a busy spring.
Now is a good time to sell because of the following reasons:
- less inventory can work in the sellers favour. less competition
- low interest rates for buyers making it easier to buy
- there’s an abundance of buyers
- the minimum downpayment requirement is still 5% and not 10%
- the olympics are over. Not sure if that’s a good reason but it sounded good
- higher offer potential
- multiple offer potential
The next three months are going to be really interesting.
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
|
By Warren McNeil
According to the Kitchener Waterloo Real Estate board the numbers are in for January 2010 and we are up 64% in unit sales over 2009. This is great news and the main reason for this is increase is because of the low interest rates and a high level of consumer confidence.
“This year we are off to quite a different start compared to last year, which is really encouraging,” said Ted Scharf (pronounced Skarf), the President of the WREB, “January is traditionally a slower month for residential sales. These results show that there is definitely demand in the market and the traditional mindset of waiting until spring just doesn’t seem to be as strong. ”
Another interesthing point that I read is that the average house price in Kitchener-Waterloo increased by 12.3% because of an increase in sales of homes over $400,000.
My experience with the market is that stuff is selling really quickly. I find it difficult to get into see properties fast enough. The good deals seem to go really quick!!!
To see the full article, go to:
http://news.therecord.com/article/666766
and the KWREB press release
http://www.kwreb.on.ca/Stats/January%202010%20Media%20Release.pdf
Thanks for reading!
We are a full-time real estate team in Kitchener Waterloo area. We enjoy assisting buyers and sellers with the purchase or sale of real estate in the Kitchener-Waterloo or Cambridge areas. 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
P.S. Looking for a condo or loft, check out our brand new website at www.LoftStyle.ca!
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Kitchener-Waterloo Real Estate — 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 @ May 21, 2010 5:21 pm
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