Jeff Gingerich - Blog - Jeff Gingerich

Recent Blog Posts by Jeff Gingerich
Kitchener Waterloo Power of Sale Update Despite repeated warnings of unsustainable debt levels for Canadians, Kitchener-Waterloo power of sale activity remains muted. Currently on the Kitchener Waterloo MLS, there are 7 active properties under power of sale. They range in price from $180,600 to $434,900. They have been on the market just 25 days on average reflecting the lack of properties for sale in ... Posted by Jeff Gingerich on March 20, 2012		More
Now Is The Perfect Time To Sell Your Kitchener Waterloo Investment Property With prices having doubled in the past ten years, now is the perfect time to sell your Kitchener Waterloo investment property. I read a brilliant piece on buying investment real estate by Tom Bradley from the Globe and Mail this weekend. The end of the third last paragraph states: "Real estate has enjoyed a long upward cycle and with 12 good years comes a high ... Posted by Jeff Gingerich on March 18, 2012		More
Kitchener Waterloo Power of Sale Report March 2011 There were no bargains to be had in March as brisk Kitchener Waterloo residential MLS sales carried over to power of sale activity. There were 10 properties sold under power of sale in March. The average list price to sale price ratio was 99% and the average days on the market for these sales was just 27. The Royal Bank, Bank of Montreal and Firstline/CIBC ... Posted by Jeff Gingerich on April 16, 2011		More
Kitchener Waterloo Power of Sale Report January 2011 Strong residential demand and low MLS resale inventory combined to create brisk activity on Kitchener Waterloo power of sale properties in January. Ten properties sold under power of sale for an average of 99% of the asking price with many attracting multiple offers. This equalled the 10 power of sales properties sold in December. The average days on the market ... Posted by Jeff Gingerich on February 15, 2011		More
Kitchener Waterloo Power of Sale Report November 2010 Residential power of sale activity on the Kitchener Waterloo MLS in November was relatively quiet. Active listings under power of sale on December 15th declined to 14 from mid-November's 15. Of note, 13 are in Kitchener with 1 power of sale in Waterloo. Six of the Kitchener power of sales are condominiums and the bulk of the properties are under $300,000. I'll ... Posted by Jeff Gingerich on December 18, 2010		More
Kitchener Waterloo Power of Sale Report October 2010 In sharp contrast to era of "foreclosure-gate" in the United States, residential power of sale activity in Kitchener Waterloo continues to represent a small percentage of the market. Active listings under power of sale on the Kitchener-Waterloo MLS totalled 15 as of mid-November which equalled October's total. Of note, 93% are in Kitchener and 7% in ... Posted by Jeff Gingerich on November 16, 2010		More
Kitchener Waterloo Power of Sale Report September 2010 September saw improved residential sales results in Kitchener Waterloo and this was reflected in the MLS power of sale activity. There were 11 residential sales under power of sale on the K-W MLS versus 8 in August. Of note, 3 were in Waterloo and 8 in Kitchener. The property shown above attracted multiple offers and sold under power of sale at a signifiicant premium to the ... Posted by Jeff Gingerich on October 23, 2010		More
Kitchener Waterloo Power of Sale Report August 2010 As reported previously, August saw diminished residential unit sales and power of sale activity in Kitchener Waterloo was no exception. Eight properties sold under power of sale on MLS in August, 2010 versus 13 in each of the previous 2 months. The property shown above is located in the desirable Uptown Waterloo area. In spite of being described ... Posted by Jeff Gingerich on September 22, 2010		More
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 ... Posted by Jeff Gingerich on August 21, 2010		More
Kitchener-Waterloo Power of Sale Report June 2010 Power of sale activity on the Kitchener-Waterloo Real Estate Board rocketed higher in June 2010. Active MLS residential listings in mid-July totalled 18. This represents a sharp increase over the 13 and 10 active listings in mid-June and May respectively. Of note, 17 are located in Kitchener and 1 in Waterloo and the great majority of listings are concentrated under ... Posted by Jeff Gingerich on July 16, 2010		More
Kitchener-Waterloo Power of Sale Report May 2010 Bargain hunters continue to be denied and bankers delighted as May residential sales of Power of Sale properties continued to show strong results. There were 8 MLS sales under power of sale in K-W in May with 1 in Waterloo and 7 in Kitchener. The average days on the market for these homes was only 32 days and the list-to-sale price ratio was a ... Posted by Jeff Gingerich on June 25, 2010		More
Kitchener-Waterloo Power of Sale Report April 2010 April 2010 didn't bring the rain we typically associate with the month nor did it bring a shower of power of sale listings. Active residential MLS listings under power of sale in mid-May totalled 10 which is the lowest total seen this year. Rising house prices, an improving local economy and continuing low interest rates have all contributed to this "good news" story. ... Posted by Jeff Gingerich on May 22, 2010		More
Kitchener-Waterloo Power of Sale Update March 2010 Power of sale activity continued to trend upward on the Kitchener-Waterloo Real Estate Board in March with 12 sales versus 11 last month. Of note, 10 were in Kitchener and 2 in Waterloo. The scarcity of properties for sale resulted in a brisk 24 days on the market for these sales and a list price to sale price of 98% on average. The lenders at CIBC and TD are ... Posted by Jeff Gingerich on April 18, 2010		More
Kitchener-Waterloo Power of Sale Update February 2010 Power of sale activity in Kitchener-Waterloo continued an upward trend. In February, there were 11 residential properties sold under power of sale through the Kitchener-Waterloo Real Estate Board. Interestingly, all were in Kitchener. The continued strength of the residential resale market meant there were no bargains to be had as lenders received, on average, ... Posted by Jeff Gingerich on March 16, 2010		More
Kitchener-Waterloo Power of Sale Update January 2010 The beginning of 2010 has brought about increased residential power of sale activity in Kitchener-Waterloo. As of February 15th, there were 11 properties listed on MLS on the Kitchener-Waterloo Real Estate Board under power of sale. This marks a significant increase over the 5 power of sale properties active on January 15th. The median asking price was $249,900 and ... Posted by Jeff Gingerich on February 20, 2010		More
Kitchener-Waterloo Power of Sale Update December 2009 While questions about Dubai's ability to repay debt were swirling internationally, the improving local economy contributed to lighter power of sale activity in Kitchener-Waterloo at year's end. Active residential MLS listings under power of sale with the K-W Real Estate Board as of January 15th totalled only 5. All were located in Kitchener and the average asking price ... Posted by Jeff Gingerich on January 27, 2010		More
Kitchener-Waterloo Power of Sale Report November 2009 Residential power of sale activity in Kitchener-Waterloo continued to decline in November. As of December 15, 2009, there were 9 active properties on MLS under power of sale in K-W versus 11 in mid-November. Four of these properties were condominiums and the remainder detached houses. The home above is in the exclusive area of Kiwanis Park. Note the challenge the photographer ... Posted by Jeff Gingerich on December 15, 2009		More
What a Difference a Year Makes Today's post deals with the challenges of buying a home in a seller's market. First, let's look at a bit of recent history. In November of 2008, fear and uncertainty were in the air. Overextended sellers were anxious to unload their properties at a discount. Buyers, following years of a seller's market, were finally in control. Unfortunately for buyers, ... Posted by Jeff Gingerich on November 28, 2009		More
Kitchener-Waterloo Power of Sale Report November 2009 The local improvement in economic conditions appears to have led to fewer Power of Sale properties in October. Active listings under Power of Sale as of November 15th totalled 11 versus 12 in mid-October. Of these, 10 are in Kitchener and 1 in Waterloo. Properties bought under Power of Sale in October declined to 10 versus 17 in September. Of note, there ... Posted by Jeff Gingerich on November 17, 2009		More
Kitchener-Waterloo Power of Sale Report October 2009 As of October 15th, there were 12 active residential MLS listings under Power of Sale in Kitchener-Waterloo. This marks a slight increase over the 11 in September. Of note, 2 were in Waterloo and the remaining 10 in Kitchener. As for sales, September saw 17 residential properties sold under Power of Sale in K-W through the Multiple Listing Service. ... Posted by Jeff Gingerich on October 21, 2009		More
Paying the Bills A recent headline in the Toronto Star read "Credit Card Defaults at Record Level". It indicated a record level of accounts being written off as uncollectable for 3 straight quarters. So what does this have to do with real estate? Most real estate buyers will need a mortgage. As part of the approval process, the lenders will turn to a credit reporting agency to determine ... Posted by Jeff Gingerich on October 2, 2009		More
Kitchener-Waterloo Power of Sale Report September 2009 As of September 15, 2009 there were 11 active listings under Power of Sale in K-W. This represents a significant decline over the 19 in mid-August. Of note, all 11 were in Kitchener. As expected, the active market resulted in the sale of 16 Power of Sale properties in August versus 9 in July. The low level of homes for sale will continue to mean Power ... Posted by Jeff Gingerich on September 18, 2009		More
Where Do We Go From Here? Real estate sales have defied expert predictions as evidenced by Vancouver sales rocketing ahead 117% year-over-year http://tinyurl.com/lmpz9g However, markets are local in nature so let's look at the Kitchener-Waterloo market year-to-date and where the market is heading in the months to come. Year-to-date MLS sales to the end of August '09 totalled 3422 ... Posted by Jeff Gingerich on September 16, 2009		More
Kitchener-Waterloo Power of Sale Report August, 2009 Beginning today, I'll report mid-month on the MLS power of sale activity in Kitchener-Waterloo. We can use this information as one indicator of the health of the local market. As of August 15, 2009, there are 19 active MLS listings under power of sale in the Twin Cities. Of note, 18 are in Kitchener and 1 in Waterloo. July saw 488 residential ... Posted by Jeff Gingerich on August 16, 2009		More

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