We learned a bit last week about the Kitchener-Waterloo Real Estate Market. We learned that the market is behaving irrationally. We learned that home buyers are getting a little fatigued and that home sellers are confused about just how much to list their homes for. We are getting more listings, which is great…Here are the highlights:
How’s the Kitchener-Waterloo real estate market? The impact of Covid-19 reveals contrasting activity with Bully Offer and Conditional Sales.
In this episode of “How’s the Kitchener-Waterloo real estate market we explore a lot of hyper-activity.
We look at:
The LP/SP ratios for Bully Offers vs. LP/SP for Conditional Offers in March.
Suspensions, cancellations, re-listing and price adjustments.
Before March 15 vs. After March 15
Two client case studies
How’s the 2020 Kitchener Waterloo Real Estate Market? A problem with inventory is one for buyers!
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.