Wednesday July 22, 2020. In this weeks Kitchener-Waterloo Real Estate News: Open Houses, bike lanes, speed limits, fleeing the city, airbnb, first time homebuyer’s incentive, top tech talent, rents fall, home prices double, data driven decision making…Read More
In this instalment of “How’s the market?” we witness the spring market arriving late. Buyer’s have not postponed or delayed their searches as they’ve headed out of town for the summer. They are here and out shopping in droves, especially at the entry level of the market.
In the “move up” market, there are lots of listing and sales are strong, but here buyers have a little more room for conditional offers.
Will we next go through the traditional summer slow down that usually happens between the middle of July till the middle of August? It does not seem so.
The median price of all residential properties sold in June increased 14.4% to $564,000.
The median price of a detached home during the same period increased 11.9% to $650,000.Read More