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 of Sale properties coming on the market will be in demand in the short term. The home pictured above is in a desirable Waterloo neighbourhood. It was listed under Power of Sale on July 28th and sold August 10th. It attracted 7 offers resulting in a sale price $34 000 above the asking price! The remarks on the MLS listing indicate the "price reflects work required". My next post will provide information on credit scores, how they're calculated and how crucial it is to protect good credit at all times.
Posted by Jeff Gingerich
on September 18, 2009
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Jeff Gingerich K-W Seller's market Kitchener Bargain homes Kitchener market update Kitchener power of sale Kitchener power of sales Kitchener real estate Kitchener real estate market conditions Kitchener-Waterloo Real Estate Moving to Kitchener Moving to Waterloo Relocating to Kitchener Relocating to Waterloo Waterloo bargain homes Waterloo market update Waterloo power of sale Waterloo power of sales Waterloo real estate Waterloo real estate market conditions Waterloo Region bargain homes Waterloo Region power of sale Waterloo Region power of sales Waterloo Region real estate Waterloo Region real estate market conditions
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