News about Real Estate Investment in Kitchener Waterloo

Some good articles to read for Real Estate Investors:

News about the Canadian Economy

“Smart Real Estate Investors educate themselves about the economy. I try to be a smart investor, so.. Here are a few articles that I’m reading about the Canadian economy:”

Why Europe is in trouble, and how it affects Real Estate Investors

“Anyone who invests their money anywhere should be watching the economic events unfold in the Euro Zone. People who know me know that I’m not too optimistic about Europe’s chances to emerge unscathed (and united) from their latest economic debt (or rather, spending) crisis.” Read the whole thing

Real Estate Investors take note: Gold hits another high

“Many of the clients I serve are investing in real estate as a way to take control of their retirement back from the stock market. The stock market has had a rough decade, and looks to be headed for more bad times. Here is yet another bad sign for people counting on the stock market…”

Two Waterloo Region Apartment Buildings Sell For $45+ million

“…and we have many clients looking to buy big apartment buildings – contact us today if you have one!” Read the whole article for details on the purchase

Update on the Real Estate Market in Canada – June 2010

“A smart real estate investor is one who is educated on what’s going on with the market. So, what is going on with the residential real estate market in Canada? Let’s turn to my friend Jay Papasan, with this month’s update This Month in Real Estate – Keller Williams International Canada’s economy continues to remain stronger”

Related posts:

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Canadian Economic Indicators Show Healthy Growth Canada’s economy grows at fastest pace in a decade: RBC…

High Volume and Sales Prices seen in Kitchener Waterloo Some interesting reports about the national real estate market in…

Kitchener Waterloo Economy Expected to Grow 3.3% in 2010 Real estate prices are tied to the quality of the…

Canadian Commercial Real Estate News Some interesting Commercial Real Estate news recently – we’re seeing…

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What going on in the Kitchener Waterloo Real Estate market? March 2010 update

Monthly/Yearly Kitchener-Waterloo MLS Real Estate Stats for March 2010

Best March EVER with 731 homes sold in Kitchener Waterloo

Residential KW real estate sales UP 47.1% and 52.3% for the year.

Days on market is down from 55 to 43 for the year.

Sales to active ratio 25.8%  was 16.2% in 2009, meaning 1 in 4 listed homes is selling each month, or that we currently have a 4 month supply of listings.

Sales$ to list$ ratio was 98.4% - it was  97.7% 2009.  That means that the average home for sale in Waterloo ended up selling for 98.4% of the price it was listed for – so on average, a home listed for sale at 200K is selling for $196,800

Average sale price for a detached home is up 14.2% to $322,974 for the year.

Average sale price for a semi-detached house in Kitchener Waterloo is also up 6.1%, to $213,602 for the year.

Average sale price for freehold townhomes down 8.9% to $228,768 for the year.
New listings up 23.2% for the month to 1133 and number of listings for the year 2892 is up 13.5%.

If you have any questions about the Kitchener Waterloo Real Estate market, contact me at Benjamin@BenjaminBach.com or 519 772 4376

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Weekly Stats for Kitchener Waterloo Housing Market

Here are some stats about recent home sales for the Kitchener Waterloo MLS system

Listings 212
Solds 134
Price change 75
Expired 28
Conditional sales 153

Feb 2010 553 Best Ever!
Feb 2009 369 Worst in 9 years
Feb 2008 494
Feb 2007 511

Jan 2010 419 Best Ever!
Jan 2009 254 Worst in 10 years
Jan 2008 383
Jan 2007 379

Dec 2009 356 BEST ever!
Dec 2008 222
Dec 2007 304

Solds year to date February 28:

2007 890
2008 877
2009 623
2010 973

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