Recent Blog Posts by Jeff Gingerich

Seller's Market Continues in Kitchener Waterloo Real Estate

As anyone who tried to buy a home in March will tell you, Kitchener Waterloo real estate remains a seller's market.  Residential MLS sales in March totalled 482 with 33 new and 449 resales.  New homes sales were resurgent as the 33 sales represented an 8% drop over the 36 sold in March 2011.  This is good news for Kitchener Waterloo homebuilders as regular readers ...

Kitchener Waterloo Real Estate Update February 2011

February 2011 saw healthy MLS residential sales results in Kitchener Waterloo.  Unit sales totalled 373 for a decline of approximately 4% over February 2010 sales of 385.  Of note, Kitchener Waterloo homebuilders experienced a 46% surge with 60 new home sales through MLS versus 41 for last February.  This left resale properties off by 9% year-over-year(313 vs. ...

Kitchener Waterloo Real Estate Update November 2010

  While November has a reputation for dismal weather, real estate sales in the Twin Cities this past month were bright and sunny.  Residential MLS sales for Kitchener-Waterloo totalled 365 in November versus 413 for November 2009.  For those keeping track, this represents a 12 per cent decline.  However, it's interesting to note that in November, ...

Kitchener Waterloo Real Estate Update October 2010

Regular readers of this blog will know by now that this monthly update is designed to answer the frequently asked question "How's the market?".  The residential real estate market in Kitchener Waterloo continues to be a sellers market.  Active residential listings on the K-W MLS at the end of October stood at 1251.  Of this total, 403 were new homes and 848 were resale properties. ...

Kitchener-Waterloo Power of Sale Report July 2010

The surge in power of sale activity witnessed in Kitchener Waterloo in June carried over to July.  The Kitchener-Waterloo MLS reported 13 residential sales in July matching the 13 recorded in June.  The sales totals for these months represents the highest number of power of sales for any month in 2010.  Totals for January to May ranged from 8-12 so perhaps ...

January 2010 Real Estate Sales Shine In Kitchener-Waterloo

While Florida saw snow in January, Kitchener-Waterloo received much less than normal.  This relatively mild weather and continuing low interest rates led to an active residential real estate market in K-W in January.  Preliminary sales through the K-W Real Estate Board indicate 290 residential sales.  This represents a 34% increase over the 217 sales of January ...

But It's New, What Can Possibly Be Wrong With It?

I get asked this question often by buyers and sellers of new or newer homes.  Why should I spend $400 for a home inspection?  Isn't it covered by the Ontario Tarion warranty program?  My answer is always the same...spend the money.  It will give you peace of mind and may save you grief at resale time.  I recommend taking a home inspector along for your pre-delivery ...