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