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07/12/2023
👉 Waterloo Region Home Sales Cool in November 👈
WATERLOO REGION, ON (December 5, 2023) — In November, there were 441 homes sold through the Multiple Listing Service® (MLS®) System of the Waterloo Region Association of REALTORS® (WRAR), representing a decrease of 4.5 per cent compared to the previous year and a decline of 33.1 per cent compared to the previous 5-year average for the month.
Total residential sales in November included 266 detached (down 6.7 per cent from November 2022), and 81 townhouses (no change). Sales also included 62 condominium units (up 5.1 per cent) and 31 semi-detached homes (down 16.2 per cent).
In November, the average sale price for all residential properties in Waterloo Region was $757,272. This represents a 2.6 per cent increase compared to November 2022 and a 1.4 per cent decrease compared to October 2023.
🫵 The average price of a detached home was $891,091. This represents a 5.8 per cent increase from November 2022 and on par with October 2023.
🫵 The average sale price for a townhouse was $611,667. This represents a 1.7 per cent decrease from November 2022 and a decrease of 5.1 per cent compared to October 2023.
🫵 The average sale price for an apartment-style condominium was $450,476. This represents a decrease of 1.3 per cent from November 2022 and a decrease of 5.4 per cent compared to October 2023.
🫵 The average sale price for a semi was $617,329. This represents a decrease of 3.9 per cent compared to November 2022 and a decrease of 6.2 per cent compared to October 2023.
06/07/2023
Prices up overall from this time last year, with detached leading the way by far.
14/12/2022
26/10/2022
WATERLOO REGION, ON (October 5, 2022) —518 residential homes were sold last month through the Multiple Listing Service® (MLS®) System of the Waterloo Region Association of REALTORS® (WRAR), a decrease of 25.3 per cent compared to September 2021 and 30.8 per cent below the previous 5-year average for the month.
Total residential sales in September included 313 detached (down 18.9 per cent from September 2021), and 94 townhouses (down 39.0 per cent). Sales also included 60 condominium units (down 37.5 per cent) and 51 semi-detached homes (down 8.9 per cent).
In September, the average sale price for all residential properties in Waterloo Region was $752,421. This represents a 4.7 per cent decrease compared to September 2021 and a 0.1 per cent increase compared to August 2022.
The average price of a detached home was $862,435. This represents a 7.4 per cent decrease from September 2021 and an increase of 1.3 per cent compared to August 2022.
The average sale price for a townhouse was $638,284. This represents a 2.7 per cent decrease from September 2021 and an increase of 4.4 per cent compared to August 2022.
The average sale price for an apartment-style condominium was $455,262. This represents a decrease of 8.5 per cent from September 2021 and a decrease of 2.3 per cent compared to August 2022. The average sale price for a semi was $637,205. This represents a decrease of 6.5 per cent compared to September 2021 and a decrease of 2.8 per cent compared to August 2022.
There were 918 new listings added to the MLS® System in the Waterloo Region last month, a decrease of 3.6 per cent compared to September of last year and a 15.9 per cent decrease compared to the previous ten-year average for September.
The total number of homes available for sale in active status at the end of September was 978, an increase of 108.5 per cent compared to September of last year and 35.4 per cent below the previous ten-year average of 1515 listings for September.
The number of months of inventory is up 180.0 per cent compared to September of last year, but still historically low at 1.4 months. Between 2009 and 2015, the average number of months of inventory for September was 3.7 months. The number of months of inventory represents how long it would take to sell off current inventories at the current sales rate.
The average number of days to sell in September was 23, compared to 10 days in September 2021. The previous 5-year average is 20 days.
05/07/2022
07/06/2022
19/05/2022
More attempts by the media and by proxy, our government to blame those of us in the real estate profession for everything. Doesn't matter if prices are soaring out of control, or plummeting like a stone, it's the greedy realtors who are somehow causing the problem. What... evvveerrrrrr... Despite the governments attempts to control every aspect of the economy, ultimately it's buyers and sellers that call the shots. Buyers set market value. And Sellers set the fees we are paid. I haven't had too many clients in the last 15 years complain about paying a small percentage of the much larger amount they are receiving. Sellers don't have to hire Realtors at all if they don't want to.
Price fixing has sent realtor commissions soaring in an already hot market, lawsuit alleges | CBC News A class-action lawsuit has been launched against the Canadian Real Estate Association, the Toronto Regional Real Estate Board and the largest real estate brokerages in Canada, which alleges that price-fixing has driven up the cost of real estate commissions.
07/05/2022
By the time the media gets a hold of things, they are only confirming, what we in the business have known for weeks...
Cooling spring real estate market continues, with Waterloo Region homes down as much as $175,000 in two months Average prices drop for a second straight month as interest rates rise
05/05/2022
28/04/2022
12/04/2022
It’s official. Inventory has tripled since Feb 1. Buckle up.
Prices down significantly (5-7%) from last month (Feb/22).
KITCHENER-WATERLOO, ON (April 4, 2022) —The 725 residential homes sold through the Multiple Listing Service® System (MLS® System) of the Kitchener-Waterloo Association of REALTORS® (KWAR) in March 2022 is a decrease of 27.1 per cent compared to March 2021, which continues to hold the record for most home sales in a single month. On a month-over-month basis, sales in March were up 19.4 per cent compared to February 2022. The previous ten-year average number of residential sales for March is 599.
Total residential sales in March included 416 detached (down 29.7 per cent from March 2021), and 114 condominium units (down 9.5 per cent). Sales also included 64 semi-detached homes (down 17.9 per cent) and 131 townhouses (down 33.8 per cent).
In March, the average sale price for all residential properties in the Kitchener-Waterloo area was $960,181. This represents a 25.5 per cent increase over March 2021 and a 4.6 per cent decrease compared to February 2022.
The average price of a detached home was $1,132,637. This represents a 25.9 per cent increase from March 2021 and a decrease 6.4 per cent compared to February 2022.
The average sale price for an apartment-style condominium was $565,782. This represents an increase of 33.4 per cent from March 2021 and a decrease of 1.2 per cent compared to February 2022.
The average sale price for a townhouse was $796,696. This represents a 27.4 per cent increase from March 2021 and a decrease of 7.6 per cent compared to February 2022.
The average sale price for a semi was $876,371. This represents an increase of 34.5 per cent compared to March 2021 and a decrease of 5.0 per cent compared to February 2022.
The MLS® HPI composite benchmark price for all residential properties in Kitchener-Waterloo was $960,100 in March. This represents a 29.6 per cent increase over March 2021 and a 1.5 per cent decrease compared to February 2022.
The benchmark price for a detached home was $1,046,200. This represents a 28.1 per cent increase from March 2021 and 4.0 per cent decrease compared to February 2022. The benchmark price for an apartment-style condominium was $484,000. This represents a 32.9 per cent increase from March 2021 and a 4.2 per cent increase compared to February 2022. The benchmark price for a townhouse is $765,500. This represents a 41.3 per cent increase from March 2021 and a 4.9 per cent increase compared to February 2022.
There were 1,131 new listings added to the MLS® System in KW and area last month, a decrease 16.8 per cent compared to the record topping number of listings added in March of last year, and a 28.0 per cent increase compared to the previous ten-year average for March.
The total number of homes available for sale in active status at the end of March was 441, an increase of 1.1 per cent compared to March of last year, and 59.0 per cent below the previous ten-year average of 1,072 listings for March.
The number of months of inventory nudged up to 0.7 months in March from 0.5 months in February. Inventory has been under the one-month mark since October 2020. The number of months of inventory represents how long it would take to sell off current inventories at the current rate of sales.
The average number of days to sell in March was 8 days, the same as it was in March 2021. The previous 5-year average is 16 days.
01/04/2022
29/03/2022
16/03/2022
18/02/2022
Inventory now up 65% in one week. I expect pricing strategy to be even more important in the next little while.
Inventory up 35% in less than a week. Will it temper prices? Stay tuned...
04/02/2022
Happy day
03/02/2022
24/11/2021
24/11/2021
Check out this listing 150 FIRST Street W, Elmira, Ontario N3B3P8
30/09/2021
09/09/2021
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