| 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
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Kitchener Waterloo Real Estate Update December 2011
December is a month where our thoughts turn to Christmas holidays. As a result, it tends to be one of the slower months of the year in Kitchener Waterloo real estate. This December, there were 230 MLS sales in Kitchener Waterloo, down slightly from last December's total of 238. Continuing a trend that emerged in the fall, resale homes were higher and new home sales ...
Posted by Jeff Gingerich
on January 2, 2012
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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
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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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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
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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
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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
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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
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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
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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
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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
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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
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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
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