Opinion and Commentary, Real Estate, statistics

How’s the KW real estate market? February 10, 2020. Where are the high-priced homes?

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Six weeks into the year and there is either a lot of activity or not much happening depending on your budget range.

The key takeaways from this update:
1) Homes are selling for an average of 10% over list price
2) 10% of the homes selling are not waiting for offer night. They are instigating BULLY OFFERS
3) High priced homes and mid priced homes are slow to come to the market.

Other takeaways:
1) Almost everything that was listed in January is now already sold.
2) The LP/SP ratio rose by 2%. But that can be explained by seasonality.

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Real Estate, statistics

How’s the 2020 Kitchener-Waterloo real estate market. January 14 2020

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How’s the 2020 Kitchener Waterloo Real Estate Market? A problem with inventory is one for buyers!

Key takeaways:
1) Single family homes priced below $600,000 are selling fast. Often in less than five days.
2) Bully offers are the rule not the exception as buyers don’t want to wait till offer night.
3) The list price to sale price ratio of homes that have sold so far this year (on my list) are selling for 8% over list price.

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