Spring Condo Market Update for Kitchener Waterloo Real Estate – April 2013
Here is the latest report on how the market is doing in Kitchener Waterloo and the region of Waterloo as of the end of march 2013. As always if you have any questions or need any advice as to when a good time to buy or sell is please give me a call at 519-579-4110 or email kevinbaker@kwhometeam.ca
KITCHENER-WATERLOO, ON (April 4, 2013) –– Residential property sales through the Multiple Listing
System (MLS® System) of the Kitchener-Waterloo Association of REALTORS® (KWAR) were in keeping
with the 10-year historical average for the first quarter.
During the first quarter of 2013, there were a total of 1,397 home sales, 7.6 percent below last year’s
total for the same period.
“Home sales have been affected by tightened mortgage rules,” says Dietmar Sommerfeld, President
of KWAR. “First time buyers are most impacted but at the same time low interest rates should help
foster a healthy upcoming spring market.”
Home sales in the month of March totalled 607 units, 9.4 percent lower than the same month a year
ago and 1.5 percent below the 5-year average. March’s sales included 393 single detached homes
(down 12.1 %), 107 condominium units (down 12.3 %), 58 semi-detached (up 5.5) and 43 freehold
townhouses (up 7.5%).
While sales were down last month compared to the same period a year ago home sales have
increased month over month since January of this year and the average sale price of all residential
sales increased 2.9 percent to $320,229 compared with March 2012. Single detached homes sold for
an average price of $367,714 an increase of 3.4 percent compared to last year. In the condominium
market prices were up 3.6%, with the average condo unit selling for $206,298
April 10, 2013 | Categories: Buyers, Kitchener Waterloo, New Construction, Sellers, Uncategorized | Tags: condo, condo buying, condo selling, condo units, condo value, downsizing, first time buyer, kevin baker, kitchener, ktichener, kwhometeam, loft, loft apartments, loft buying, loft selling, market, market update, new construction, real estate, realtor, remax, sales reps, twin city realty, update, waterloo | Leave A Comment »
Kitchener Waterloo Real Estate Market Update for 2013 – Remax Realtor Kevin Baker
I listened to Craig Alexander, Chief Economist for TD Bank speak yesterday on where he see’s the Real Estate market going for 2013. Have a look at the video to hear my thoughts on what he had to say.
January 18, 2013 | Categories: Buyers, Kitchener Waterloo, New Construction, Sellers, Video | Tags: condo, condo buying, condo selling, condo units, condo value, first time buyer, kevin baker, kitchener, kwhometeam, loft, loft apartments, loft buying, loft selling, market update, new construction, ontario, real estate, remax, twin city realty, waterloo, waterloo region | Leave A Comment »
Status Certificates and Why They Are So Important – Kitchener Waterloo Condos and Lofts
If you are in the process of looking to buy a Condo or Loft space its important to make sure that any offer to purchase that you do has a Status Certificate condition in it. Have a look at the video to hear how you can protect yourself from a large and costly bill.
October 29, 2012 | Categories: Buyers, Kitchener Waterloo, Loft Style, New Construction, Sellers | Tags: condo, condo buying, condo selling, condo units, condo value, downsizing, first time buyer, kevin baker, kitchener, kwhometeam, loft, loft apartments, market update, new construction, real estate, realtor, remax, status, status certificate, twin city realty, waterloo | Leave A Comment »
Know Your Closing Costs and Plan Accordingly – Kitchener Waterloo Condos and Lofts for sale
Closing Day is fast approaching and one of the most important things is to make sure you have planned for all the closing costs that come up when you are buying or selling a Condo. Have a look at the video I did to learn why this is a very important step in the process.
March 6, 2012 | Categories: Buyers, Kitchener Waterloo, Sellers, Video | Tags: closing costs, condo, condo costs, condo selling, condo units, downsizing, first time buyer, kevin baker, kitchener, ktichener, kwhometeam, loft, loft apartments, loft buying, loft selling, market, market update, new construction, real estate, remax, twin city realty, update, waterloo | Leave A Comment »
Doing a Final Inspection and Why it’s so Important – Kitchener Waterloo Condos for sale
So Closing day is only days away, the packing is still going on, you have boxes filling every room in the house. Your agent calls and asks if you would like to do a final walk through of the home. Even though you are crazy busy it is still a necessary and important part of the process. Have a look at the video to why…
February 15, 2012 | Categories: Buyers, Video | Tags: condo, condo buying, condo selling, condo units, downsizing, first time buyer, home inspectors, kevin baker, kitchener, ktichener, kwhometeam, loft, loft apartments, loft buying, loft selling, market update, new construction, real estate, realtor, remax, twin city realty, update, waterloo | Leave A Comment »
Home Inspections are Important Even on Condo’s – Kitchener Waterloo Condos for sale
Please make sure that when you are doing your offer to purchase with your Realtor that you include a clause that allows you the right to do a home inspection, even on a condo . Have a look at the video to hear why this is in important part of any offer.
February 6, 2012 | Categories: Buyers, Kitchener Waterloo, New Construction, Video | Tags: condo, condo buying, condo value, first time buyer, kitchener, waterloo | Leave A Comment »
