| 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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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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October Update For Kitchener Waterloo Real Estate
Kitchener Waterloo real estate sales for October remained on solid ground with 348 residential properties under contract through MLS. This represents a slight gain over October 2010's total of 345 sales. Resale homes were significantly higher with 342 sales versus 318 last October. Much like September, the real story is the precipitous decline of new ...
Posted by Jeff Gingerich
on November 1, 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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Homeowners With Trees Have It "Made In The Shade"
With the recent record-breaking heat wave in Waterloo Region behind us, our thoughts turn to how to cope with such humid weather. The common answer for most is central air conditioning and, for some, swimming pools. However, with Ontario recently implementing time-of-use pricing, these alternatives are becoming increasingly costly.
One time-tested solution for dealing ...
Posted by Jeff Gingerich
on July 26, 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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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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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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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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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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Kitchener Waterloo Real Estate Update September 2010
The 4 month trend showing year-over-year monthly declines was broken in September as the 371 residential MLS sales in K-W were virtually identical to September 2009 results of 369. The average days on market for September sales was 43 versus 41 in September '09. The list-to-sale price ratio was 98% off slightly from the 98.2% a year earlier. The median ...
Posted by Jeff Gingerich
on October 5, 2010
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The Funny Side of Real Estate
Real estate is a serious business and part of our job for our clients is to alleviate stress. One way to accomplish this is through laughter. While listening and laughing to Century 21 Colonial's Kelly Lantz get "punked" by a local radio station, I was reminded of my own moment of real estate apprehension. It was a cold January day in 1996. I was the "duty" agent ...
Posted by Jeff Gingerich
on September 11, 2010
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Is Kitchener Waterloo in a Housing Bubble?
The Canadian Centre for Policy Alternatives has just released a report titled 'Canada's Housing Bubble: An Accident Waiting to Happen'. The author is David MacDonald and he studied housing trends in the country's 6 biggest markets: Vancouver, Edmonton, Calgary, Toronto, Ottawa and Montreal. Among other data, he compares provincial median household income and ...
Posted by Jeff Gingerich
on August 31, 2010
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Record Sales in Million Dollar Luxury Homes in Kitchener Waterloo
Million dollar residential sales have set a record in Kitchener Waterloo in 2010. Luxury home sales over $1 million dollars on the Kitchener-Waterloo Multiple Listing Service have surged to 9 year-to-date. The average price of these sales is $1,481,444 and the average days on market is 100 days versus a brisk 37 days for the broader market. Sellers of these ...
Posted by Jeff Gingerich
on August 27, 2010
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Kitchener Waterloo Real Estate Alive and Well
There are days in real estate and in life where you come across things that just don't sit well. I usually try and think things through but sometimes I still end up like the photo above...puzzled. I found this gem while searching MLS for suitable properties for a buyer client.
I was equally puzzled by an article in today's National Post entitled "Variable ...
Posted by Jeff Gingerich
on July 28, 2010
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