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…
