| Recent Blog Posts by Jeff Gingerich | ||
I get Air Miles when I sell my home in Kitchener Waterloo?
Many of my clients are pleasantly surprised when I tell them they'll receive Air Miles travel miles when they sell their Kitchener Waterloo home. In fact, if they are buying real estate in Kitchener Waterloo, they also receive Air Miles. Choose your Realtor carefully as unfortunately, the offer only applies to Century 21 clients and not to those buying a Century 21 home ...
Posted by Jeff Gingerich
on May 19, 2012
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When is the best time to sell a home in Kitchener Waterloo?
The best time to sell a home in Kitchener Waterloo is generally in the spring months. For example, April 2012 saw 510 MLS sales while October 2011 saw only 348. The reason is demand peaks in the spring months as most families want to move in nice weather and before the kids go back to school. High demand will also mean a higher sale price as April's average of $312,285 ...
Posted by Jeff Gingerich
on May 18, 2012
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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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First-time Buyers in Kitchener Waterloo Need a 10 Year Plan
As we reach the late stages of a 13 year real estate boom, I'm convinced prudent first-time home buyers in Kitchener Waterloo need a 10 year plan. Why? First, let's look at history. As mentioned previously, I sold real estate through the recession of the early 1990's. In the fall of 1992, I helped a wonderful retired couple find an affordable ...
Posted by Jeff Gingerich
on March 28, 2012
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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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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
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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 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 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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July Real Estate Sales In Kitchener Waterloo Were Hot, Hot, Hot
Central air conditioning and swimming pools were popular features for Kitchener Waterloo buyers as 367 MLS properties changed hands during our July heat wave. Of these, 27 were new construction and 340 were resale or used homes. As detailed previously, we achieve a better understanding of the current market by looking at just resale homes. The ...
Posted by Jeff Gingerich
on August 2, 2011
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Buy A Home With Century 21 And Plan Your Winter Vacation With Air Miles
One of the things I often hear from buyer clients is the desire to not be "house poor". Typically, they don't want to overspend on a home as they still want to be able to afford a vacation to escape the Kitchener Waterloo winter weather. With Century 21 and Air Miles, you can have it all!
One of the perks of working with a Century 21 Realtor is Air Miles travel miles. ...
Posted by Jeff Gingerich
on June 24, 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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5 Spring Tips on Preparing Your Home For Sale
Preparing your Kitchener Waterloo home for sale in the Spring months requires a greater emphasis on the exterior of the home. Here are 5 tips to make a lasting impression with the buyer.
1. Driveways and Walkways
Buyers and buyer's agents begin evaluating your home the minute they leave the sidewalk. It should go without saying if you have big ruts in your driveway, ...
Posted by Jeff Gingerich
on May 31, 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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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
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When Is The Best Time To Sell My Kitchener Waterloo Home?
First-time sellers of Kitchener Waterloo real estate often struggle with this question. Twenty-two years of selling real estate has taught me there is an ideal time to sell every home. Choosing the wrong time of the year to sell can cost a seller thousands of dollars in hard earned equity. Other times, it can result in an expired listing or a ...
Posted by Jeff Gingerich
on April 6, 2011
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Kitchener Waterloo Real Estate Update March 2011
With a long winter behind us, Kitchener Waterloo home buyers were out in full force in March. Preliminary numbers from the Kitchener Waterloo MLS show residential sales of 457 properties in Kitchener Waterloo. Of those, 36 were brand new and 421 were resales. For comparison, in the pre-HST buying spree of March 2010, there were 546 March sales with 69 new and 479 resales. For ...
Posted by Jeff Gingerich
on April 4, 2011
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Kitchener Waterloo Real Estate Update February 2011
February 2011 saw healthy MLS residential sales results in Kitchener Waterloo. Unit sales totalled 373 for a decline of approximately 4% over February 2010 sales of 385. Of note, Kitchener Waterloo homebuilders experienced a 46% surge with 60 new home sales through MLS versus 41 for last February. This left resale properties off by 9% year-over-year(313 vs. ...
Posted by Jeff Gingerich
on March 3, 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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