This week our top stories look at bidding wars, home values, a 7-day market update and the market at this time at last yearRead More
Top stories from last week include a monthly look at how the market is (mis)behaving, tiny upgrades to add big value, where to move when cashing out of Kitchener-Waterloo real estate market, a 7-day market update, and top features that homebuyers want in 2021…Read More
What’s happening with… In this episode of “What’s happening with…” we look at 4 bedroom, 2 garage homes in Colonial Acres/East Bridge. The ongoing…Read More
The average number of days to sell in January was 16 days, compared to 22 days in January 2020 and a previous 5-year average of 30 daysRead More
Top real estate stories from last week in Kitchener-Waterloo for the week ending January 31, 2020. What a week!Read More
The outlook for Kitchener Waterloo residential real estate in 2021 is an increase in average price of 7%, to approximately $674,977 across all property types.Read More
How did we get here?
In this month’s episode of ‘How’s the market’ we look back at 2020, especially the last four months of 2020 to show how we got here. Essentially early January + Lockdown = Lack of supply of homes available for sale. I’ve never seen such a lack a inventory, ever!
There were 6,492 residential homes sold in 2020, an increase of 9% compared to 2019. The average sale price increased by 16.1%.Read More
Predictions, forecasts and best guesses for 2021, Canadian real estate forecast, Ontario real estate predictions, Kitchener-Waterloo best guesses, design trends, mortgage rates, luxury real estate, lockdownRead More
It is certainly a seller’s market.
With the supply of homes at its lowest level of the year, over the past three weeks, homes have been selling well about list price and the prevalence of bully offers has never been greater.