October 2011 MLS Statistics

Here are the numbers for the month of October for both regional associations:

	K-W This Month	K-W Last Year	Cambridge This Month	Cambridge Last Year
Avg. Sale Price	$ 307,099	$ 302,404	$284,515	$278,626
Percentage Change	+1.6%		+2.1%
Properties Sold	479	448	217	200
New Listings/Sales Ratio	54.3%	53.1%	44.9%	50.0%
Properties For Sale Now	2308	2211	950	914

September 2011 MLS Statsitics

Here are the numbers for the month of September for both boards. It is a little bit odd in that Kitchener-Waterloo numbers are down slightly, but Cambridge is up from last year.
Here are the statistics for September, 2011:

	K-W This Month	K-W Last Year	Cambridge This Month	Cambridge Last Year
Avg. Sale Price	$ 289,959	$ 281,261	$284,323	$272,946
Percentage Change	+3.1%		+4.1%
Properties Sold	491	511	248	188
New Listings/Sales Ratio	52.8%	61.6%	44.6%	40.1%
Properties For Sale Now	2361	2179	1009	914

August 2011 MLS Statistics

The numbers indicate another strong summer month.
Here are the statistics for August, 2011:

	K-W This Month	K-W Last Year	Cambridge This Month	Cambridge Last Year
Avg. Sale Price	$ 293,149	$ 280,985	$281,080	$276,033
Percentage Change	+4.3%		+1.8%
Properties Sold	507	473	235	187
New Listings/Sales Ratio	55.1%	61.8%	48.0%	42.2%
Properties For Sale Now	2298	2179	1308	871

July 2011 MLS Statistics

Here are the statistics for July, 2011:

	K-W This Month	K-W Last Year	Cambridge This Month	Cambridge Last Year
Avg. Sale Price	$ 302,974	$ 283,861	$278,652	$287,549
Percentage Change	+6.7%		-3.2%
Properties Sold	512	504	264	237
New Listings/Sales Ratio	63.6%	61.2%	52.6%	66.9%
Properties For Sale Now	2305	2280	1002	911

June 2011 MLS Statistics

Here are the statistics for June, 2011:

	K-W This Month	K-W Last Year	Cambridge This Month	Cambridge Last Year
Avg. Sale Price	$ 312,419	$ 290,614	$287,549	$276,517
Percentage Change	+7.5%		+3.9%
Properties Sold	677	638	268	254
New Listings/Sales Ratio	60.5%	60.0%	45.9%	50.2%
Properties For Sale Now	2374	2285	1003	992

May 2011 MLS Statistics

Here are the statistics for May, 2011:

	K-W This Month	K-W Last Year	Cambridge This Month	Cambridge Last Year
Avg. Sale Price	$ 309,912	$ 301,496	$294,401	$285,059
Percentage Change	+9.8%		3.2%
Properties Sold	670	638	311	277
New Listings/Sales Ratio	62.1%	58.4%	48.6%	54.2%
Properties For Sale Now	2404	2255	994	931

March 2011 MLS Statistics

Here are the statistics for March, 2011:

	K-W This Month	K-W Last Year	Cambridge This Month	Cambridge Last Year
Avg. Sale Price	$ 298,671	$ 283,374	$289,003	$264,436
Percentage Change	+5.4%		9.2%
Properties Sold	608	719	279	299
New Listings/Sales Ratio	61.1%	65.1%	47.7%	52.8%
Properties For Sale Now	1230	1058	874	849

February 2011 MLS Statistics

Here are the statistics for February 2011:

	K-W This Month	K-W Last Year	Cambridge This Month	Cambridge Last Year
Avg. Sale Price	$ 288,404	$ 290,621	$278,793	$280,996
Percentage Change	-0.8%		-0.8%
Properties Sold	491	526	199	242
New Listings/Sales Ratio	61.0%	63.0%	39.0%	56.7%
Properties For Sale Now	1171	1001	793	748

January 2011 MLS Statistics

A good solid start to the year. Please remember these statistics are for the month of January so they can be a bit mileading. The statistics say that average sale price is down, but given the short time period, it really is saying that there were more lower end houses selling.
Here's the article from the Waterloo Regional Record.

Here are the statistics for January 2011:

	K-W This Month	K-W Last Year	Cambridge This Month	Cambridge Last Year
Avg. Sale Price	$ 279,037	$ 290,352	$264,336	$278,527
Percentage Change	-3.9%		-5.1%
Properties Sold	359	400	185	140
New Listings/Sales Ratio	38.2%	47.1%	39.3%	33.9%
Properties For Sale Now	1799	1566	671	695

2010 Annual Statistics

Another year of real estate statistics in the books. The year started like gangbusters but by June/July the market softened and continued the rest of the year with lower monthly sales. After the 08-09 recession, the year was really a mirror image of the previous year with year end numbers ending around the same.

Interest rates continue at their bottom rates with no real reason to feel that they will be increasing in the foreseeable future. This, in itself has created an economic concern in Canada with economists showing that Canadians are taking on more debt. This would largely be due to the fact that we can afford it, at the present interest rates. But it sure indicates a concern for the future when the interest rates increase.

The year has shown increases in the 7 to 8 per cent range in average house prices. This seems to be mostly due to affordability issues and seeing buyers purchasing more expensive houses than the actual prices increasing. On a neighbourhood basis, prices seem to be increasing more in newer, expensive neighbourhoods than they are in older, smaller home neighbourhoods. I would suggest that this is another spin on the lower interest rates.

Another strange thing with the market is that are considerably less properties for sale/available in the K-W market than in Cambridge. It was also pointed out to me recently that the number of vacant homes for sale has increased significantly. I am not sure what all this means. But we do know for sure that a shortage of inventory means that prices will be going up. We'll have to see how this plays out.

Unemployment rates continue to decline according to government numbers.

It looks like are coming into another good year.

Here is the article this week in the Waterloo Region Record .

Here are the Region's annual numbers:

	K-W This Year	K-W Last Year	Cambridge This Year	Cambridge Last Year
Avg. Sale Price	$ 289,338	$261,379	$282,492	$258,415
Percentage Change	+8.6%		+7.7%
Properties Sold	6388	6347	2683	2672
New Listings/Sales Ratio	62.2%	64.6%	52.1%	52.7%

Proposed Rental Legislation in Waterloo

The City of Waterloo is proposing changes to fees charged to rental units for the city. With the large number of students renting to go to the two universities, legislation is already in place to protect students and tenants. But this is a huge step beyond that. Fees will be forced onto the students and tenants and it is bad news for everybody. Check out the media information. Mike Milovick and Eric Klimstra are leading agents in our Kitchener office and interviewed in the
CTV video
Here's the article that appeared in today's Record

December 2010 Monthly MLS Statistics

Here are the statistics for December 2010:

	K-W This Month	K-W Last Year	Cambridge This Month	Cambridge Last Year
Avg. Sale Price	$ 289,425	$ 264,882	$282,492	$262,099
Percentage Change	+9.3%%		+7.7%
Properties Sold	326	340	155	150
New Listings/Sales Ratio	90.5%	81.2%	73.5%	87.3%
Properties For Sale Now	755	689	686	696