How’s the Market? Kitchener Waterloo Real Estate Board Statistics Dec 2014

Here are the real estate statistics for the K-W real estate board for the month of Dec 2014.

 

Kitchener-Waterloo Statistics Only (Total Residential)

kitchener-waterloo-real-estate-Dec-2014

 

– Unit sales are year-to-date (YTD) and for month in K-W
– Average Sale Price is year-to-date in K-W
– Average days on market are only for the month not year-to-date in K-W

 


 Press Release: All areas are considered here, not just Kitchener-Waterloo

 JANUARY’S DEEP FREEZE SLOWS OVERALL HOME SALES CONDO SALES UP IN JANUARY

KITCHENER-WATERLOO, ON (February 5, 2014) –– Homes sales through the Multiple Listing System (MLS®) of the Kitchener-Waterloo Association of REALTORS® (KWAR) in January were down 5.3 percent compared to January of last year.
A total of 319 residential properties were sold compared to 337 the same time last year. Residential sales in January included 207 single detached homes (down 13.4% from last January), 17 semi-detached (down 29.2%), 18 townhomes (down 28%) and 74 condominium units (up 54.2%).
“Coming off a strong 2013, the pace of home sales slowed down somewhat in January,” stated Lynn Bebenek, President of the KWAR. “The weather didn’t help much either; the extreme cold and heavy snow made
January a less than desirable month to be out looking at houses.”
January’s deep freeze didn’t hamper sale prices however, single detached homes sold for an average price of $375,009 an increase of 5.7 percent compared to last year. The average sale price for a condominium was $214,921 an increase of 1.5 percent, while townhomes and semis sold for an average of $263,679 (down 0.9%) and $254,807 (up 3.5%) respectively. The average sale price of all residential sales through the KWAR’s  MLS® System increased 1.1 percent to $323,533 compared to January 2013.
“The winter months can be hit or miss depending on the weather,” says Bebenek. “Buyers and sellers will be all the more eager once spring hits, and we are expecting a strong spring market.”
The KWAR cautions that average sale price information can be useful in establishing long term trends, but should not be used as an indicator that specific properties have increased or decreased in value. The average sale price is calculated based on the total dollar volume of all properties sold. Those requiring specific information on property values should contact a local REALTOR®. REALTORS® have their fingers on the pulse of the market. They know the questions to ask, the areas to probe and what to look for so that you get a complete picture of the property and community you’re considering

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How’s the Market? Kitchener Waterloo Real Estate Board Statistics May 2014

Here are the real estate statistics for the K-W real estate board for the month of May 2014.

 

Kitchener-Waterloo Statistics Only (Total Residential)

kitchener-waterloo-real-estate-statistics-May-2014

 

– Unit sales are year-to-date (YTD) and for month in K-W
– Average Sale Price is year-to-date in K-W
– Average days on market are only for the month not year-to-date in K-W

 


 Press Release: All areas are considered here, not just Kitchener-Waterloo

 

STEADY STREAM OF HOME SALES FOR THE MONTH OF MAY

KITCHENER-WATERLOO, ON (June 4, 2014) –– Residential property sales through the Multiple Listing
System (MLS® System) of the Kitchener-Waterloo Association of REALTORS® (KWAR) in May were down
5.6 percent compared to last year’s record setting month of May.

A total of 725 residential properties were sold in the month of May compared to 768 the same time
last year. This was only the second time since 2007 that residential sales in May have exceeded 700
total sales. Comparing the 5-year average for the month of May shows a 5.7 percent jump in
residential sales.

“The spring home buying season was in full swing this May” says Lynn Bebenek, President of KWAR.
“Strong sales and price gains reflect the confidence homebuyers have in regional housing market as
a great place to live and invest.”

May’s sales included 514 single detached homes (down 3.4 % from last year) 101 condominium units
(down 17.9 %), 60 semi-detached (up 3.4 %) and 43 freehold townhouses (down 2.3 %).

The average sale price of all residential sales through the KWAR’s MLS® System increased 3.5 percent
last month to $345,323 compared with May 2013. Single detached homes sold for an average price
of $386,474 an increase of 2.1 per cent compared to last year. The average sale price for a
condominium was $226,157, an increase of 6.4 percent compared to May 2013.

The KWAR cautions that average sale price information can be useful in establishing long term trends,
but should not be used as an indicator that specific properties have increased or decreased in value.
The average sale price is calculated based on the total dollar volume of all properties sold. Those
requiring specific information on property values should contact a local REALTOR®.

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How’s the Market? Kitchener Waterloo Real Estate Board Statistics April 2014

Here are the real estate statistics for the K-W real estate board for the month of April 2014.

 

Kitchener-Waterloo Statistics Only (Total Residential)

kitchener-waterloo-real-estate-statistics-April-2014

 

– Unit sales are year-to-date (YTD) and for month in K-W
– Average Sale Price is year-to-date in K-W
– Average days on market are only for the month not year-to-date in K-W

 


 Press Release: All areas are considered here, not just Kitchener-Waterloo

April Home Sales Up Over March, Down Year-Over-Year

KITCHENER-WATERLOO, ON (May 6, 2014) – There were fewer residential property sales through the Multiple Listing System (MLS® System) of the Kitchener-Waterloo Association of REALTORS® (KWAR) in April compared to the same month last year.

A total of 652 residential properties sold in the month of April compared to 691 the same time last year, a decrease of 5.6 percent. In comparison to March, residential sales grew 21 percent, continuing the trend of monthly increases in home sales since the beginning of this year.

“We’re continuing to see increasing sales activity month after month,” says Lynn Bebenek President of the KWAR. “Persistently bad weather seems to have delayed decision to buy or sell homes, but the combination of increasing monthly sales, lower mortgage rates and some sun should drive increases in the months ahead.”

April’s sales included 445 single detached homes (down 6.1 % from last year) 121 condominium units (on par with last year), 38 semi-detached (down 19.1 %) and 41 freehold townhouses (down 2.4 %). Year-to-date residential sales were 6.6 percent below last year with 1,948 residential homes sold thus far.

While sales were a little slower this month the average sale price of all residential sales through the KWAR’s MLS® System increased 2.9 percent to $343,839 compared with April 2013. Single detached homes sold for an average price of $387,130 an increase of 2.2 percent compared to last year. The average condominium price was up 9.8 percent selling for $237,008, partially due to the sales of higher end condominium townhomes alongside traditional condos.

The KWAR cautions that average sale price information can be useful in establishing long term trends, but should not be used as an indicator that specific properties have increased or decreased in value. The average sale price is calculated based on the total dollar volume of all properties sold. Those requiring specific information on property values should contact a local REALTOR®.

 

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How’s the Market? Kitchener Waterloo Real Estate Board Statistics March 2014

Here are the real estate statistics for the K-W real estate board for the month of March 2014.

 

Kitchener-Waterloo Statistics Only (Total Residential)

kitchener-waterloo-real-estate-statistics-Mar2014

 

– Unit sales are year-to-date (YTD) and for month in K-W
– Average Sale Price is year-to-date in K-W
– Average days on market are only for the month not year-to-date in K-W

 Press Release: All areas are considered here, not just Kitchener-Waterloo

KITCHENER-WATERLOO HOME SALES – A SLOWER MARCH TO SPRING

KITCHENER-WATERLOO, ON (April 3, 2014) –– Residential property sales through the Multiple Listing System (MLS® System) of the Kitchener-Waterloo Association of REALTORS® (KWAR), were down 12 percent last month, compared to March 2013. There were 536 residential sales reported during the month of March, 23 percent more than in February.

Looking at the first quarter of 2013, there were a total of 1,293 residential sales, a decrease of 7.3 percent compared to last year’s 1,395 sales.

“As everyone knows, we’ve just come off of one of the harshest winters on record”, says Lynn Bebenek, president of the KWAR. “Anecdotally speaking I’ve heard from several business operators who say they’ve experienced a slowdown this winter because of extreme cold and snow, and our residential real estate market was no different.” Bebenek adds, “On the bright side, everyone has buyers waiting and hopes are resting on a busy spring.”

Home sales in March 2013 included 347 detached homes (down 13 percent), 98 condominium units (down 4.9 percent), 44 semi-detached (down 24.1 percent), and 43 townhomes (on par).

The dollar volume of residential sales in the first quarter of 2014 came in at $423,915,584, a 5.9 percent decline compared to the same period last year.

Single detached homes sold through the KWAR’s MLS® System in March went for an average price of $368,896, virtually unchanged from the same month last year when the average price was $368,706. On a year-to-date basis, the average price of a single detached home sold for $377,711, a 3.4 percent increase.

The average sale price of all residential sales also increased a negligible 0.1 percent to $322,833 last month compared to the same month last year. On a year-to-date basis, the average price edged up a little higher to $327,854, representing a 1.6% increase over 2013.

The KWAR cautions that average sale price information can be useful in establishing long term trends, but should not be used as an indicator that specific properties have increased or decreased in value. Those requiring specific information on property values should contact a local REALTOR®. REALTORS® have their fingers on the pulse of the market. They know the questions to ask, the areas to probe and what to look for so that you get a complete picture of the property and community you’re considering.

 

Get More Statistical Information

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How’s the Market? Kitchener Waterloo Real Estate Board Statistics February 2014

Here are the real estate statistics for the K-W real estate board for the month of February 2014.

 

Kitchener-Waterloo Statistics Only

Kitchener Waterloo Real Estate Statistics February 2014

Kitchener Waterloo Real Estate Statistics February 2014

 

 

All areas are considered here, not just Kitchener-Waterloo

KITCHENER-WATERLOO, ON (March 5, 2014) – Residential sales through the Multiple Listing System (MLS®) of the Kitchener-Waterloo Association of REALTORS® (KWAR) were down 4.0 percent in February compared to the same month last year and up 34 percent compared to January’s results which were hampered by extreme cold and snow.

A total of 431 residential properties were sold compared to 449 the same time last year.  Residential sales in February included 274 single detached homes (down 8.7% from last February), 33 semi-detached (down 13.2%), 28 townhomes (down 3.4%) and 93 condominium units (up 16.3%).

“February sales showed a healthy increase compared to January,” stated Lynn Bebenek, President of the KWAR. “Low interest rates and a diverse and vibrant regional economy will continue to support a stable market for the Kitchener-Waterloo area.”

Single detached homes sold for an average price of $387,288 an increase of 5.1 percent compared to last year. The average sale price for a condominium was $233,657 an increase of 6.8 percent while townhomes and semis sold for an average of $281,636 (down 0.7%) and $246,171 (down 3.0%) respectively. The average sale price of all residential sales through the KWAR’s MLS® System increased 3.0 percent to $335,217 compared to February 2013.

“Following up on what has been one of the coldest winters on record I expect we will see home buyers and sellers out in full force come the spring time,” said Bebenek.

The KWAR cautions that average sale price information can be useful in establishing long term trends, but should not be used as an indicator that specific properties have increased or decreased in value. The average sale price is calculated based on the total dollar volume of all properties sold.

Consumers uncertain about current market conditions should work with a REALTOR® to develop an effective selling strategy. If you are buying, a REALTOR® will negotiate on your behalf and guide you through every step. A REALTOR® understands the local market and must, by law, look after your best interests.

– Unit sales are year-to-date (YTD) and for month in K-W
– Average Sale Price is year-to-date in K-W
– Average days on market are only for the month not year-to-date in K-W

Get More Statistical Information

To find out statistics information, please fill out the following form.

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