Recent Blog Posts by Jeff Gingerich

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 ...

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, ...

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 ...

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 ...

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 ...