Top stories from last week

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...

February 20, 2021

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…

How’s the Kitchener-Waterloo Real Estate Market? 

Low inventory causing Bully Offers & High Prices

Since September of 2020 inventory levels have been falling and prices have been rising. In this episode, you will see the high incidence of Bully Offers. 

3 Tiny Upgrades That Boost Value Instantly

Install a new front door.

Update your lighting.

Upgrade your mailbox.

Where can you go after cashing out of the Kitchener-Waterloo real estate market?

Canada’s 18 Most Affordable Housing Markets 

1. London and St. Thomas Average Home Price: $608,049

Annual Price Growth: +41%

2. Sudbury Average Home Price: $356,633

Annual Price Growth: +38%

3. Windsor-Essex Average Home Price: $492,480

Annual Price Growth: 31%…

Kitchener-Waterloo Real Estate 7-Day Market Update

New listings: 124

Homes sold: 139

Conditional Sales: 25

Average days on market: 14

Median days on market: 7

Average list price: $666,977

Average close price: $767,163

Average SP/LP: 117.28%

Median list price: $599,000

Median close price: $707,000

Median SP/LP: 117.36%

Top Features Home Buyers Want in 2021.

The top four features home buyers want in 2021 are:

a main floor bathroom (71%)

a garage (70%)

a master bedroom with an en suite (68%)

and a private outdoor space (68%)

Bonus: Blast from the past — What should you know before moving to Kitchener Waterloo?

We are two cities with two city halls, two public libraries and two personalities. We are joined together – a faintly dotted line on the map separates us and that line is getting fainter all the time. Most of our amenities and services are at the Regional level – like the Waterloo Region School Board, and the services like garbage collection and snow removal…

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