Brought to you by Keithmarshall.caAt the start of the pandemic, economists expected the recovery of the housing market to take about 18 months, but remarkably, within three months, it went from a complete shutdown to normal volumes again.
In the world of real estate, we always talk about average this and that. We talk about the market as a whole (which is doing very well in every Canadian market). Link. But in most major markets, rental rates are down and the number of condos listed for sale last month are up. The entry level market is hot, but the number of families moving into the region is a little flat.
In this update of the Kitchener-Waterloo real estate market, we look at Coronavirus and it’s impact on:
1. Number of showings,
2. Average sale price
3. Number of new listings
4. Number of houses for sale
5. Number of homes sold
6. Days on Market
7. Supply of homes
8. List price to sale price ratio
Residential Home Sales There were 227 residential homes sold in Kitchener-Waterloo in April, a decrease of 63.6% compared to the same month last year….
In this video I answer 7 Questions.
What’s going on with Bully offers?
Are people still buying houses?
Are vacant properties selling?
Are tenanted properties selling?
What about re-listed properties and properties with price changes?
And do conditionally sold homes firm up and make it to sold sold?
Before Coronavirus shut down Waterloo Region, we had high demand and low inventory of homes for sale.
During the first quarter of 2020, 1,327 homes were sold.
This is 14.6% more than Q1 2019.
Kitchener Waterloo Real Estate News Wednesday April 1, 2020 Wednesday April 1, 2020: In this week’s Kitchener-Waterloo Real Estate News, Covid-19, Coronavirus, March April…
Kitchener Waterloo Real Estate News Tuesday March 17, 2020 Tuesday March 17, 2020. In this week’s Kitchener-Waterloo Real Estate News: COVID-19, Coronavirus, recession and…
A bi-weekly video of Kitchener-Waterloo real estate market activity
