January Home Sales Cool Off Slightly in Kitchener Waterloo – Market Update
After a busier than normal December, home sale in the Kitchener Waterloo region have cooled off slightly. Sales were down in January compared to January of 2014, with 290 residential properties being sold last month. A 9.9 percent decrease compared to the same month last year. This isn’t unexpected as the winter months are typically not as active leading up to the busy spring market.
January’s residential sales included 188 detached homes (down 9.6 percent compared to January 2014) 57 condos (down 24 percent), 18 semis (up 5.9 percent), and 25 freehold townhouses (up 31.6 percent).
The average sale price of all homes sold in January was $318,075, a decrease of 1.6 percent compared to the same time last year. Single detached homes sold for an average price of $357,018, a decrease of 4.6 percent compared to January 2014.
In the condominium market the average sale price in January was $230,216, a 6.6 percent increase compared to the same month a year ago.
With the recent interest rate cuts and the positive economic predictions for the region by a number of outside sources, this should continue to draw people looking to live and invest in Waterloo Region. The general consensus is that the spring market will again be a very active one.
If you have any questions or are thinking of buying or selling this spring please give me a call and we can discuss how to get started.
Have a great family day weekend everyone!
February 9, 2015 | Categories: Buyers, Local Kitchener Waterloo, Sellers | Tags: condo buying, condo in kitchener, condos in kitchener, first time home buyer, home buying, home staging, home value, interest rate, january, kitchener, market update, real estate, realty, Remax, selling your home, spring market, twin city, waterloo | Leave a comment
Home Sales Remain Strong in Month of August – Kitchener Waterloo Home and Condo Market Update
With the summer over and September and the school season upon us the real estate market is back in full swing. The summer showed very good sales vs previous years with a total of 567 homes sold. The month of august posted a 9.2% increase in the home sales compared to the same month last year. Homes sales in the month of August were also 9.3% above the 5 year average for the month and were second highest on record compared to August sales in the last 5 years.
Kitchener Waterloo and the entire region continues to be strong. Higher than average sales activity in August and year-to-date speaks volumes about the confidence consumers have in our local economy and home ownership as an investment.
The breakdown of residential sales included 367 single detached homes ( up 4.9% from last year), 42 semi-detached (up 13.5%) 39 townhomes (up 77.3%) and 115 condominium units (up 11.7%). The year to date numbers are up 2.7 percent compared to the five year average with 4648 homes being sold.
If we look at average sale price of all residential homes sold through the Multiple listing service system, there was an increase of 3.9 percent last month to $329,892 compared to August 2013. Single detached homes sold for an average price of $378,251 and increase of 5.4 percent compared to last year. The average sale price for a condo unit was $225,167 an increase of 1.5 percent and the average sale price for a freehold townhome was $287,369, a decrease of 1.9 percent from the same time last year.
Overall a fantastic month in the Kitchener Waterloo Housing market. We expect the trend to continue in to the fall selling season as well.
If you have any questions or would like more specific pricing on your home or something that you are looking at purchasing please feel free to give me a call at 519-579-4110 or email direct to kevinbaker@kwhometeam.ca
September 8, 2014 | Categories: Buyers, Local Kitchener Waterloo, Random thoughts, Sellers, Uncategorized | Tags: August, condo, condo buying, condo documents, condo in kitchener, fall market, first time home buyer, full time realtor, home value, Kitchener waterloo, loft, market update, real estate investing, realtor, Remax, seagrams, seagrams loft, twin city, waterloo ontario | Leave a comment
Kitchener Waterloo April Real Estate Update – A slower March to Spring
KITCHENER‐WATERLOO HOME SALES ‐ A SLOWER MARCH TO SPRING
KITCHENER‐WATERLOO, ON (April 3, 2014) –– Residential property sales through the Multiple Listing System
(MLS® System) of the Kitchener‐Waterloo Association of REALTORS® (KWAR), were down 12 percent last month,
compared to March 2013. There were 536 residential sales reported during the month of March, 23 percent more
than in February.
Looking at the first quarter of 2013, there were a total of 1,293 residential sales, a decrease of 7.3 percent
compared to last year’s 1,395 sales.
“As everyone knows, we’ve just come off of one of the harshest winters on record”, says Lynn Bebenek, president of
the KWAR. “Anecdotally speaking I’ve heard from several business operators who say they’ve experienced a
slowdown this winter because of extreme cold and snow, and our residential real estate market was no different.”
Bebenek adds, “On the bright side, everyone has buyers waiting and hopes are resting on a busy spring.”
Home sales in March 2013 included 347 detached homes (down 13 percent), 98 condominium units (down 4.9
percent), 44 semi‐detached (down 24.1 percent), and 43 townhomes (on par).
The dollar volume of residential sales in the first quarter of 2014 came in at $423,915,584, a 5.9 percent decline
compared to the same period last year.
Single detached homes sold through the KWAR’s MLS® System in March went for an average price of $368,896,
virtually unchanged from the same month last year when the average price was $368,706. On a year‐to‐date basis,
the average price of a single detached home sold for $377,711, a 3.4 percent increase.
The average sale price of all residential sales also increased a negligible 0.1 percent to $322,833 last month
compared to the same month last year. On a year‐to‐date basis, the average price edged up a little higher to
$327,854, representing a 1.6% increase over 2013.
If you have any questions or would like a Pricing Analysis on your home please give me a call at 519-579-4110
April 4, 2014 | Categories: Buyers, Local Kitchener Waterloo, Sellers, Uncategorized | Tags: Bank of Canada, condo, first time home buyer, full time realtor, home buying, home value, inventory levels, kevin baker, Kitchener waterloo, kwhometeam, lofts in kitchener, market update, Mortgage News, real estate investing, realty, Remax, sales rep, twin city, waterloo ontario | Leave a comment
Kitchener Waterloo Home Sales Steady For February
With the cold weather still keeping its grip on us here in Kitchener Waterloo, the Residential Real Estate market is starting to show signs of life. Even though the volume of sales are down about 4% the prices are still rising steadily. Condos are leading the way for another month in a row up 6.3%.
Have a look at the entire Media release from the Kitchener waterloo real estate board and if you have any questions please don’t hesitate to give me a call.
HOMES SALES STEADY IN FEBRUARY
KITCHENER-WATERLOO, ON (March 5, 2014) –– Residential sales through the Multiple Listing System (MLS®) of the
Kitchener-Waterloo Association of REALTORS® (KWAR) were down 4.0 percent in February compared to the
same month last year and up 34 percent compared to January’s results which were hampered by extreme
cold and snow.
A total of 431 residential properties were sold compared to 449 the same time last year. Residential sales in
February included 274 single detached homes (down 8.7% from last February), 33 semi-detached (down
13.2%), 28 townhomes (down 3.4%) and 93 condominium units (up 16.3%).
“February sales showed a healthy increase compared to January,” stated Lynn Bebenek, President of the
KWAR. “Low interest rates and a diverse and vibrant regional economy will continue to support a stable market
for the Kitchener-Waterloo area.”
Single detached homes sold for an average price of $387,288 an increase of 5.1 percent compared to last
year. The average sale price for a condominium was $233,657 an increase of 6.8 percent while townhomes and
semis sold for an average of $281,636 (down 0.7%) and $246,171 (down 3.0%) respectively. The average sale
price of all residential sales through the KWAR’s MLS® System increased 3.0 percent to $335,217 compared to
February 2013.
“Following up on what has been one of the coldest winters on record I expect we will see home buyers and
sellers out in full force come the spring time,” said Bebenek.
March 5, 2014 | Categories: Buyers, Local Kitchener Waterloo, Sellers, Uncategorized | Tags: assessment, Bank of Canada, condo buying, February market update, first time home buyer, full time realtor, home buying, home value, inventory levels, Kitchener waterloo, kwrealestatelife, loft, lofts in kitchener, market update, Mortgage News, real estate, real estate investing, realty, Remax, twin city, waterloo ontario, waterloo region school board | Leave a comment
2013 Frederick Art Walk
Once again it is time for the 2013 Frederick Art Walk!Artisans come together and showcase their treasures. So if you are interested in seeing some cool things and enjoying all the east ward has to offer you should check it out.
Date: September 9, 2013
Time: 10 a.m. – 5 p.m.
Location: Check out www.frederickartwalk.org for all locations
November 4, 2013 | Categories: Buyers, Local Kitchener Waterloo, Sellers, Uncategorized | Tags: crafts, downtown, east ward, Frederick Art Walk, kitchener, older homes, Remax, twin city, waterloo | 1 Comment
How to Get the best Mortgage Deal – Kitchener Waterloo Homes for sale
Here is a great resource for trying to figure out what is the best mortgage product out there to fit your needs. This article gives you 63 different things too look for when trying to secure the best mortgage possible. As always if you have any questions or need any Real Estate Related advice feel free to give me a call or email.
November 4, 2013 | Categories: Buyers, Local Kitchener Waterloo, Sellers, Uncategorized | Tags: Bank of Canada, banking practices, condo, first time home buyer, full time realtor, home buying, home value, inventory levels, kevin baker, loft, lofts in kitchener, Mortgage News, Mortgage Rates, real estate investing, Remax, sales rep, twin city, waterloo ontario | Leave a comment
Hiring a Realtor and What To Look For – Kitchener Waterloo Remax Twin City Realty Sales Rep
With availability of information, mobile phones and websites it is even more important to hire a Realtor based on what they can do for you to get the home sold quickly, efficiently and for the most amount of money. Have a look at this video to hear my thoughts on what you should be looking for when interviewing your Realtor.
December 12, 2012 | Categories: Local Kitchener Waterloo, Sellers, Video Blogs | Tags: brokerage, commission, condo, facebook, first time home buyer, full time realtor, home value, kevin baker, Kitchener waterloo, kwhometeam, loft, lofts in kitchener, marketing, price, real estate, realtor, realty, Remax, sales rep, sales representative, twin city, waterloo ontario, westvale | Leave a comment
Mortgage Plus Improvments and How It Works – Kitchener Waterloo Homes for sale
If you are in the market for a new home and are having trouble finding something that suits or have found something but it needs a bit of work and you may not have the extra money out-of-pocket, then you can get a mortgage plus improvements type product to help make that home a possibility. Have a look at the video to hear how the product works.
November 7, 2012 | Categories: Buyers, Local Kitchener Waterloo, Sellers, Video Blogs | Tags: Bank of Canada, banking practices, condo, first time home buyer, full time realtor, home buying, home value, kevin baker, Kitchener waterloo, kwhometeam, market update, Mortgage News, Mortgage Rates, real estate, real estate investing, realtor, realty, Remax, sales rep, twin city, waterloo ontario | 1 Comment
Do a Home Inspection on Every House You Buy – Kitchener Waterloo homes for sale
Please make sure that when you are doing your offer to purchase with your Realtor that you include a clause that allows you the right to do a home inspection. Have a look at the video to hear why this is in important part of any offer.
February 6, 2012 | Categories: Buyers, Local Kitchener Waterloo, Video Blogs | Tags: condo, first time home buyer, home buying, home inspection, home value, inventory levels, kevin baker, kitchener, kwrealestatelife, real estate, real estate investing, realty, Remax, twin city, waterloo, waterloo ontario | Leave a comment
KW Real Estate Life 