Top Stories from Last Week

Top Stories from Last Week It was a good week in Kitchener-Waterloo Real Estate. The number of new listings was notable. Here is what I was working on: Brighton Street condos, home buying advice, more condo rules, 7-day market update, Coronavirus

It was a good week in Kitchener-Waterloo Real Estate. The number of new listings was notable. Here is what I was working on: Brighton Street condos, home buying advice, more condo rules, 7-day market update, Coronavirus 

Brighton Street Condo

One of the best spots to buy a condo townhouse in Kitchener-Waterloo’s core is over on Brighton Street in Waterloo’s North Ward neighbourhood.

Home-Buying Advice You Should Ignore

1 Wait for spring.

2 Wait for home prices to settle down a bit.

3 Focus mainly on the type of house you want.

4 New construction is always the best choice.

5 Make an offer with room to negotiate.

365 Rules About Real Estate

12 More Rules about Condominiums and New Homes

Rule #190: Find out if there are any pending special assessments for your condo.

Rule #193: Find out the specific rules and regulations of the condominium and how you will be impacted by them?

Rule #194: Find out if there are any ongoing or pending legal issues that the condo corporation is part of?

Rule #202: If the developer is having a hard time selling the units, you probably will too.

Kitchener-Waterloo Real Estate 7-Day Market Update

Average list price: $615,703

Average close price: $733,402

Average SP/LP: 119.66%

Blast from the past: How’s the KW housing market? March 2020

Coronavirus impact begins. Lots of changes for home buyers and sellers

In this episode of “How’s the Kitchener-Waterloo real estate market”, I’ll show you that there is lots of unusual activity. We look at: # of new listings, # of conditional sales, # of bully offers, LP/SP ratio, DOM, Possession date, Holding offers and irrevocable time

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