| Recent Blog Posts by Jeff Gingerich | ||
Kitchener Waterloo Real Estate Sales Flourish in April
Kitchener Waterloo residential real estate sales flourished in April with 510 sales reported through MLS. Of these 44 were new or to be built and 466 were resale homes. These results were up substantially over April 2011 which saw 459 sales including 39 new and 419 resales sold through MLS.
Included in the resale homes was the luxury home pictured above in Kiwanis Park. ...
Posted by Jeff Gingerich
on May 5, 2012
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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 ...
Posted by Jeff Gingerich
on April 3, 2012
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Kitchener Waterloo Real Estate Sales Update February 2010
While the mainstream media speculated about a Canadian real estate bubble, it was business as usual in Kitchener Waterloo in February. Preliminary results from the Kitchener Waterloo MLS show 344 residential sales in February 2012 versus 377 in February 2011. Continuing a trend seen last fall, a decline in new home sales in the Twin Cities was ...
Posted by Jeff Gingerich
on February 29, 2012
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What Do I Need To Get A Rental Housing License In Waterloo?
Following a wild ride with a great deal of controversy, the City Of Waterloo Rental Housing licensing program takes effect April 1, 2012. If you are planning on applying for a license, you should contact the Electrical Safety Authority for an inspection to obtain the required ESA certificate. Contact info is 1-877-372-7233 or visit http://esasafe.com.
If, like the ride pictured ...
Posted by Jeff Gingerich
on January 27, 2012
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Kitchener Waterloo Real Estate Update November 2011
Residential real estate sales in Kitchener Waterloo fell year-over-year with 330 recorded through the MLS this November and 367 in November 2010. However, much like October, the decline can be attributed to plummeting new home sales. Just 19 new homes sold in November 2011 through MLS versus 49 and 63 in the previous Novembers.
Resale homes sold in November homes totalled ...
Posted by Jeff Gingerich
on December 5, 2011
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Robust Kitchener Waterloo Real Estate Sales Push Prices Up Nearly 6% in August
Low interest rates continued to entice Kitchener Waterloo homebuyers into the market in August as 351 residential MLS sales were recorded. This is down slightly over the 369 in August 2010. However, August 2010 saw sales of 41 new homes versus 17 this August. Sales of used homes or resales in August were up 2% year-over-year.
Readers of this blog will recall ...
Posted by Jeff Gingerich
on September 5, 2011
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Luxury Home Sales In Kitchener Waterloo Poised For Record Results
Million dollar homes in Kitchener Waterloo continue to sell at record-setting levels this year. Following 2010's record total of 12, there have already been 8 residential MLS sales over $1 million in 2011. Luxury home buyers continue to have it their way as sellers are receiving, on average, 92% of the asking price, down slightly from 2010's ...
Posted by Jeff Gingerich
on June 8, 2011
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Kitchener Waterloo Real Estate Update April 2011
Record rainfall dampened April 2011 residential sales as Kitchener Waterloo recorded 455 MLS sales, off 16% from April 2010 results. New home sales totalled 38, an increase over the 31 sold in April 2010. Resale unit sales were off 18% year-over-year. There was some good news as April sales averaged just 39 days on the market and an average price of $305,379 versus ...
Posted by Jeff Gingerich
on May 4, 2011
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How's The Market in Westvale?
How's the market? As a Realtor, I hear that question a considerable amount. The answer varies depending on your location. Currently in the Westvale area of Waterloo, there are 11 resale houses for sale from $259,000 to $499,900. To put that number into perspective, in the Huron Village area of south Kitchener, I found 11 properties for sale ...
Posted by Jeff Gingerich
on April 19, 2011
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Top Ten Things I Love About Living In Westvale #1
Following a week away for the Century 21 International Convention, here is the final instalment of the top 10 things I love about living in Westvale.
#1 - Volunteers
It's been said "many hands make light work" and the spirit of volunteerism is alive and well in Westvale. Many of the events and activities I've chronicled in the past weeks couldn't happen without the generous ...
Posted by Jeff Gingerich
on March 30, 2011
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Luxury Home Sales In Kitchener Waterloo Continue To Flourish
After a record-setting 2010, sales of million dollar homes in Kitchener Waterloo are poised to hit new heights. Million dollar residential sales on MLS already total 4 year-to-date in Kitchener Waterloo following 12 in 2010. The average sale price for these homes was $1.219 million and it took 125 days to find a buyer on average. Buyers are driving a hard bargain ...
Posted by Jeff Gingerich
on March 8, 2011
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Top Ten Things I Love About Living In Westvale #3
As we enter March, we look forward to warmer temperatures, melting snow and more daylight. Here is another of the top 10 things I love about living in the Westvale area of Waterloo, Ontario:
#3 Variety of Housing
In contrast to the sameness of new subdivisions like the one pictured above, Westvale has a nice variety of housing styles. Shrinking ...
Posted by Jeff Gingerich
on March 2, 2011
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Does $2 A Litre Gas Affect Your Housing Choice?
Just finished reading a thought provoking book by Canadian economist Jeff Rubin called Why Your World Is About To Get A Whole Lot Smaller. The book makes a number of predictions including $200/barrel oil, $2/litre gas in Canada($7/gallon in the U.S.), escalating food prices, and the return of some manufacturing jobs as shipping costs rise. The book is well-researched and written ...
Posted by Jeff Gingerich
on February 28, 2011
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Top 10 Things I Love About Living In Westvale #4
Another week is behind us and it seemed everywhere you looked, protest and political upheaval dominated the news. This serves to remind Canadians how fortunate we are to live in a democracy. It also brings to mind another thing we sometimes take for granted. Here is another of the top 10 things I love about living in Westvale:
#4 A Safe Neighbourhood ...
Posted by Jeff Gingerich
on February 23, 2011
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Top 10 Things I Love About Living In Westvale #7
It's time once again for Westvale Wednesday where I share one of the top 10 things I love about living in Westvale.
#7 The Boardwalk at Ira Needles Blvd.
A recent addition to the Westvale neighbourhood has been the massive 1 million square foot commercial development depicted above. The Boardwalk is located at the end of University Avenue West and Ira Needles ...
Posted by Jeff Gingerich
on February 2, 2011
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Top 10 Things I Love About Living In Westvale #8
Another week has flown by and once again, it's Westvale Wednesday. Today's instalment of the top 10 things I love about living in Westvale is:
#8 Great elementary schools
One of the primary components of a vibrant community is its schools. Westvale is very fortunate to have 2 great schools within its boundaries: Westvale Public School and Holy Rosary Catholic ...
Posted by Jeff Gingerich
on January 26, 2011
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The Mystery of the Disappearing Toilet
When I was a kid, I used to read a series of mystery books involving the Hardy Boys. Each book would see the brothers tackle and solve a mystery. Real estate doesn't have many but recently, when a client took possession of their resale home, a mystery ensued.
Remember the excitement of buying your first home? As a Realtor, the experience ...
Posted by Jeff Gingerich
on January 21, 2011
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Top 10 Things I Love About Living in Westvale Waterloo #9
After another busy week, it's Westvale Wednesday. Here is the second in a series of posts on the top 10 things I love about living in the Westvale neighbourhood of Waterloo:
#9 The Westvale Carnival and Fireworks
The Westvale Community Association holds a number of family events throughout the year and this is surely the most popular. The annual event is held ...
Posted by Jeff Gingerich
on January 19, 2011
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What Does 2011 Hold In Store For Kitchener Waterloo Real Estate?
The new year is always an exciting time in real estate and as I survey the year to come, 2011 will be no exception. First, let's look back and see how we did with last years forecast. My Kitchener-Waterloo Real Estate Sales Forecast 2010 called for a return to a more traditional market where 2/3 of the buying and selling was done between January and June. The ...
Posted by Jeff Gingerich
on January 10, 2011
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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
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Top 10 Things I Love About Living in Westvale Waterloo #10
This marks the first in a series of posts detailing the things I love about living in the Westvale subdivision of Waterloo, Ontario. First, a bit of demographic info. The most recent data I could find indicates there are 2176 households and 6549 people living in Westvale(an average of 3 per household). The average household income is $107,011 and the average ...
Posted by Jeff Gingerich
on December 11, 2010
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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, ...
Posted by Jeff Gingerich
on December 2, 2010
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Record Sales Continue in Million Dollar Luxury Homes in Kitchener Waterloo
Million dollar residential sales continue to set new records in Kitchener Waterloo in 2010. Luxury home sales over 1 million dollars on the Kitchener-Waterloo Multiple Listing Service total 11 year-to-date. The average sale price of these homes is a lofty $1,502,545. The average days on the market for these sales has soared to 130 days or over 4 months versus 39 days ...
Posted by Jeff Gingerich
on November 22, 2010
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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
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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. ...
Posted by Jeff Gingerich
on November 2, 2010
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