Kitchener Waterloo Real Estate Board Statistics for May 2009

By Warren McNeil

Here we are again, another month has passed and the stats are looking good!

The Table below shows the most relevant real estate data for the month of May 2009 and compares it with the previous month and the previous year, April 2009 and May 2008, respectively. This information is for single detached only.

WATERLOO REGION

May, 2009

PREVIOUS MONTH

 May, LAST YEAR

UNITS SOLD 

478 SOLD
(+14.4% over last year)

 416 SOLD

 418 SOLD

ACTIVE LISTINGS (END of PERIOD)

 1565 ACTIVE

 1659 ACTIVE

 1566 ACTIVE

AVERAGE PRICE SOLD

 $303,859

 $288,955

 $307,649

AVERAGE DAYS ON THE MRKT

 49 DAYS

 58 DAYS

 43 DAYS

SALE PRICE TO LIST PRICE RATIO 97.8% 97.5% 98.2%

Thanks for reading!

Warren & Melanie McNeil | Sales Representatives, Team McNeil | Re/Max Twin City Realty, Brokerage
( 519.579.4110 | * Click Here to Email | 8 www.clickthathouse.com, www.clickthatblog.com

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What’s Happening!

By Warren McNeil

What’s Happening? Quite a bit actually… Our market is up this month over the same month last year. This is good news. Things have been humming along very well lately. We are seeing some multiple offers on houses in our area and they seem to be selling quicker. This is extremely good news!

I think consumer confidence is increasing despite the news we have heard or read the past few months. First-time home buyers appear to be getting off the fence and into the market. Move-up buyers are also taking the plunge. This is good news for sellers and buyers alike. I think this added confidence will help the remaing fence-sitters to make their move. There are plenty of opportunities out there.

Sellers who are thinking that they might not make as much money as they did in a hotter market might want to reconsider. Timing could be the key in getting top dollar for your house. There could be a buyer out there right now looking for a house just like yours. The same can be said for a buyer who is waiting to find that great deal.

With the interest rates at an all time low, availability of governments incentives, I think now is a great time to buy and sell. I think that the increase we have seen this month over the same month last year is a good sign that things are looking up. I am optimistic that we will see more of the same.

Hope you found the information encouraging and helpful.

Thanks for reading!

Warren & Melanie McNeil | Sales Representatives, Team McNeil | Re/Max Twin City Realty, Brokerage
( 519.579.4110 | * Click Here to Email | 8 www.clickthathouse.com, www.clickthatblog.com

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Kitchener Waterloo Real Estate Board Statistics for April 2009

Here are board statistics for the Kitchener-Waterloo real estate board. Please note that the information here is only based on residential real estate. If you would like a more detailed report, please contact Melanie or Warren.  

Feb 2009 - Apr 2009

(All Areas, Single-Detached)

CATEGORIES

FEB 09

MAR 09

APR 09

Total Active at End

1427

1566

 1650

Total Sold

244

325

 414

Total Expired/Withdrawn

204

229

 227

Average Days on market

56

53

59 

Sale Price vs. List Price Ratio

97.3%

97.5%

 97.5

Average Selling Price
(Single-Detached)

$280,332

$287,321

 $288,683

       

(All Areas, Total Residential)

CATEGORIES

FEB 09

MAR 09

APR 09

Total Active at End

2019

2186

2303

Total Sold

369

497

632

Total Expired/Withdrawn

253

318

317

Average Days on market

53

53

55

Sale Price vs. List Price Ratio

97.5%

97.7%

97.8%

Average Selling Price (Single-Detached)

$246,846

$252,744

$255,568

Thanks for reading! 

Warren & Melanie McNeil | Sales Representatives, Team McNeil | Re/Max Twin City Realty, Brokerage
( 519.579.4110 | * Click Here to Email | 8 www.clickthathouse.com, www.clickthatblog.com

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5 reasons to buy a house if you are a first-time home buyer

By Warren McNeil

Just recently I have been looking at the benefits that first time home buyers currently have when it comes to buying a house. With the lower interest rates and all the tax credits that the government has made available in the latest budget, now is definitely the time to consider buying a house.

Here are five reasons to consider buying a house if your are a first-time home buyer

1. Very low interest rates. The Bank of Canada lowered the Prime rate just over a week ago. In turn, interest rates are very appealing. You should definitely consider locking in an interest rate if you are thinking about buying a home over the next few months

2. First time home buyers tax credit.

To assist first-time home buyers with the costs related to the purchase of a home, Budget 2009 proposes to introduce a First-Time Home Buyers’ Tax Credit. A 15-per-cent credit will be applied to a $5,000 amount, and will provide up to $750 in tax relief to reduce the costs associated with first home purchases completed after January 27, 2009.

http://www.budget.gc.ca/2009/pamphlet-depliant/pamphlet-depliant2-eng.asp

3. Land Transfer Tax rebate
http://www.rev.gov.on.ca/english/refund/newhome/

4. Home Buyers Plan, RRSP Withdrawal Limit increase

To provide first-time home buyers with additional access to their RRSP savings to purchase or build a home, Budget 2009 proposes to increase the Home Buyers’ Plan (HBP) withdrawal limit to $25,000 from $20,000.  

This is the first increase in the withdrawal limit since the HBP was introduced in 1992.
http://www.budget.gc.ca/2009/pamphlet-depliant/pamphlet-depliant2-eng.asp

5. More selection of homes available. The spring market offer many more options.

If you have been sitting on the fence for a little while and are not sure whether now is the right time, then maybe the above five reason will help you to make your decision.

Thanks for reading!

Warren & Melanie McNeil | Sales Representatives, Team McNeil | Re/Max Twin City Realty, Brokerage
( 519.579.4110 | * Click Here to Email | 8 www.clickthathouse.com, www.clickthatblog.com

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Kitchener Waterloo Real Estate Board Statistics for March 2009

Here are board statistics for the Kitchener-Waterloo real estate board. Please note that the information here is only based on residential real estate. If you would like a more detailed report, please contact Melanie or Warren.  

Jan 2009 - Mar 2009

(All Areas, Single-Detached)

CATEGORIES

JAN 09

FEB 09

MAR 09

Total Active at End

1330

1427

 1566

Total Sold

172

244

 325

Total Expired/Withdrawn

276

204

 229

Average Days on market

62

56

53 

Sale Price vs. List Price Ratio

96.9%

97.3%

 97.5

Average Selling Price
(Single-Detached)

$280,521

$280,332

 $287,321

       

(All Areas, Total Residential)

CATEGORIES

JAN 09

FEB 09

MAR 09

Total Active at End

1855

2019

2186

Total Sold

255

369

497

Total Expired/Withdrawn

379

253

318

Average Days on market

64

53

53

Sale Price vs. List Price Ratio

97.2%

97.5%

97.7%

Average Selling Price (Single-Detached)

$249,792

$246,846

$252,744

 

 

Thanks for reading!

 

Warren & Melanie McNeil | Sales Representatives, Team McNeil | Re/Max Twin City Realty, Brokerage
( 519.579.4110 | * Click Here to Email | 8 www.clickthathouse.com, www.clickthatblog.com

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Home Staging - Are You Fit To Sell - Updates & Repairs

By Warren McNeil

RE/MAX has created a home staging program that sellers can use to improve their chances at selling quickly and for top dollar. This video series has ten videos and ten checklists. Here is the tenth and final video titled, “Updates and Repairs”.

Top Ten Priorities for Selling your House - Updates & Repairs

 

Checklist Overview

  • What is your timeline or budget
  • What updates have you been putting off
  • What repairs are needed
  • Repair or replace even the smallest items
  • What condition are your windows in
  • What condition are your permanent light fixtures in
  • What condition are your doors or trim in
  • Do you have any holes or cracks in the walls

 

Fit to Sell Checklist

Thanks for reading!

Warren & Melanie McNeil | Sales Representatives, Team McNeil | Re/Max Twin City Realty, Brokerage
( 519.579.4110 | * Click Here to Email | 8 www.clickthathouse.com, www.clickthatblog.com

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Home Staging - Are You Fit To Sell - Pre-packing, Clutter & Editing

By Warren McNeil

RE/MAX has created a home staging program that sellers can use to improve their chances at selling quickly and for top dollar. This video series has ten videos and ten checklists. Here is the nineth video titled, “Pre-packing, Clutter & Editing”.

Top Ten Priorities for Selling your House - Pre-packing, Clutter & Editing

Checklist Overview

  • Does each room in your house feel spacious?
  • Is your house clean from top to bottom?
  • Pre-pack all items that you don;t need while your house is for sale
  • Pre-pack off-season clothing and items
  • Decide where you can store your boxes and extra items
  • How does your garage look?
  • If you basement is unfinished and used for storage, how does it look?

 

Fit to Sell Checklist

Thanks for reading!

Warren & Melanie McNeil | Sales Representatives, Team McNeil | Re/Max Twin City Realty, Brokerage
( 519.579.4110 | * Click Here to Email | 8 www.clickthathouse.com, www.clickthatblog.com

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Home Staging - Are You Fit To Sell - Painting

By Warren McNeil

RE/MAX has created a home staging program that sellers can use to improve their chances at selling quickly and for top dollar. This video series has ten videos and ten checklists. Here is the eighth video titled, “Painting”.

Top Ten Priorities for Selling your House - Painting

Fit to Sell Checklist

Thanks for reading!

Warren & Melanie McNeil | Sales Representatives, Team McNeil | Re/Max Twin City Realty, Brokerage
( 519.579.4110 | * Click Here to Email | 8 www.clickthathouse.com, www.clickthatblog.com

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Home Staging - Are You Fit To Sell - Main Selling Rooms

By Warren McNeil

RE/MAX has created a home staging program that sellers can use to improve their chances at selling quickly and for top dollar. This video series has ten videos and ten checklists. Here is the seventh video titled, “Main Selling Rooms”.

Top Ten Priorities for Selling your House - Main Selling Rooms

Fit to Sell Checklist

Thanks for reading!

Warren & Melanie McNeil | Sales Representatives, Team McNeil | Re/Max Twin City Realty, Brokerage
( 519.579.4110 | * Click Here to Email | 8 www.clickthathouse.com, www.clickthatblog.com

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Home Staging - Are You Fit To Sell - Home Inspection

By Warren McNeil

RE/MAX has created a home staging program that sellers can use to improve their chances at selling quickly and for top dollar. This video series has ten videos and ten checklists. Here is the sixth video titled, “Home Inspection”.

Top Ten Priorities for Selling your House - Home Inspection

Fit to Sell Checklist

Thanks for reading!

Warren & Melanie McNeil | Sales Representatives, Team McNeil | Re/Max Twin City Realty, Brokerage
( 519.579.4110 | * Click Here to Email | 8 www.clickthathouse.com, www.clickthatblog.com

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