Tuesday, December 18, 2012
A slight change in direction
For the past few years, I have posted the regional MLS statistics here, and a number of people have enjoyed picking up the numbers to see where the market is going. Starting now, I will be posting those numbers on the brokerage blog instead of here. It's a more convenient spot there and you'll be able to view lots of other blog posts by other agents in out company.
As always, you comments are sincerely appreciated.
You can see the posts at royallepagegrandvalley.com
Thursday, November 01, 2012
October 2012 Monthly Regional MLS Statistics
Here are the statistics for October, 2012:
K-W This Month | K-W Last Year | Cambridge This Month | Cambridge Last Year | |
Avg. Sale Price | $ 301,795 | $ 307,768 | $286,939 | $284,515 |
Percentage Change | -1.7% | +0.8% | ||
Properties Sold | 480 | 478 | 248 | 217 |
New Listings/Sales Ratio | 54.8% | 54.2% | 45.7% | 44.9% |
Properties For Sale Now | 2378 | 2360 | 946 | N/A |
September 2012 Regional MLS Statistics
Here are the statistics for September, 2012:
K-W This Month | K-W Last Year | Cambridge This Month | Cambridge Last Year | |
Avg. Sale Price | $ 307,768 | $ 291,415 | $294,184 | $284,323 |
Percentage Change | +5.6% | +3.4% | ||
Properties Sold | 448 | 504 | 222 | 248 |
New Listings/Sales Ratio | 50.8% | 54.3% | 46.2% | 44.6% |
Properties For Sale Now | 2631 | 2431 | N/A | N/A |
Thursday, September 27, 2012
August 2012 Regional Monthly MLS Statistics
Here are the statistics for August, 2012:
K-W This Month | K-W Last Year | Cambridge This Month | Cambridge Last Year | |
Avg. Sale Price | $ 303,679 | $ 293,303 | $282,527 | $281,080 |
Percentage Change | +6.9% | +0.5% | ||
Properties Sold | 500 | 518 | 198 | 235 |
New Listings/Sales Ratio | 48.3% | 64.5% | 49.6% | 47.9% |
Properties For Sale Now | 2644 | 2369 | N/A | N/A |
July Regional MLS Statistics
Here are the statistics for July, 2012:
K-W This Month | K-W Last Year | Cambridge This Month | Cambridge Last Year | |
Avg. Sale Price | $ 303,955 | $ 302,076 | $290,743 | $278,652 |
Percentage Change | +0.6% | +4.3% | ||
Properties Sold | 537 | 520 | 271 | 264 |
New Listings/Sales Ratio | 61.8% | 56.5% | 48.9% | 52.7% |
Properties For Sale Now | 2788 | 2391 | N/A | N/A |
Wednesday, July 11, 2012
June 2012 MLS Statistics
Here are the statistics for June, 2012:
K-W This Month | K-W Last Year | Cambridge This Month | Cambridge Last Year | |
Avg. Sale Price | $ 329,204 | $ 327,945 | $294,617 | $287,549 |
Percentage Change | +0.4% | +2.4% | ||
Properties Sold | 603 | 679 | 322 | 268 |
New Listings/Sales Ratio | 57.5% | 60.9% | 51.4% | 45.4% |
Properties For Sale Now | 2717 | 2459 | 946 | 1003 |
May 2012 Regional MLS Statistics
Here are the statistics for May, 2012:
K-W This Month | K-W Last Year | Cambridge This Month | Cambridge Last Year | |
Avg. Sale Price | $ 336,437 | $ 341,191 | $312,595 | $294,401 |
Percentage Change | -1.4% | +6.1% | ||
Properties Sold | 658 | 673 | 290 | 311 |
New Listings/Sales Ratio | 52.8% | 62.5% | 44.3% | 50.9% |
Properties For Sale Now | 2261 | 2478 | 994 |
Friday, May 18, 2012
April 2012 MLS Statistics
Here are the statistics for April, 2012:
K-W This Month | K-W Last Year | Cambridge This Month | Cambridge Last Year | |
Avg. Sale Price | $ 315,688 | $ 310,267 | $294,668 | $287,578 |
Percentage Change | +1.7% | +2.4% | ||
Properties Sold | 668 | 611 | 290 | 279 |
New Listings/Sales Ratio | 61.3% | 60.1% | 55.5% | 58.3% |
Properties For Sale Now | 2288 | 2289 | 785 | 874 |
Thursday, April 12, 2012
March 2012 Regional MLS Stats
Here are the statistics for March, 2012:
K-W This Month | K-W Last Year | Cambridge This Month | Cambridge Last Year | |
Avg. Sale Price | $ 310,764 | $ 298,900 | $302,867 | $289,003 |
Percentage Change | +4.0% | +4.7% | ||
Properties Sold | 668 | 611 | 290 | 279 |
New Listings/Sales Ratio | 63.4% | 61.7% | 57.3% | 47.8% |
Properties For Sale Now | 1543 | 1393 | 724 | 874 |
Monday, March 05, 2012
February 2012 MLS Statistics
Here are the numbers for the month of February, 2012 for both regional associations. Numbers are quite consistent. It's a very steady market as we enter our busy time of year.
K-W This Month | K-W Last Year | Cambridge This Month | Cambridge Last Year | |
Avg. Sale Price | $ 308,560 | $ 288,302 | $287,293 | $278,793 |
Percentage Change | +7.0% | +3.0% | ||
Properties Sold | 478 | 498 | 219 | 199 |
New Listings/Sales Ratio | 50.4% | 62.2% | 47.7% | 39.1% |
Properties For Sale Now | 2003 | 1959 | 704 | 793 |
Thursday, February 02, 2012
January 2012 Regional Monthly MLS Statistics
Here are the numbers for the month of January, 2012 for both regional associations:
K-W This Month | K-W Last Year | Cambridge This Month | Cambridge Last Year | |
Avg. Sale Price | $ 318,424 | $ 279,957 | $275,058 | $264,336 |
Percentage Change | +13.7% | +1.2% | ||
Properties Sold | 316 | 371 | 166 | 185 |
New Listings/Sales Ratio | 30.7% | 39.4% | 35.5% | 39.3% |
Properties For Sale Now | 1754 | 1852 | 681 | 671 |
Friday, January 06, 2012
2011 Annual MLS Statistics for Waterloo Region
It has been a "stable" year for Waterloo Region real estate sales. Here is the K-W Record's take on it:Real Estate Holds its Own for 2011
Here are the numbers for the year of, 2011 for both regional associations:
Here are the numbers for the year of, 2011 for both regional associations:
K-W This Year | K-W Last Year | Cambridge This Year | Cambridge Last Year | |
Avg. Sale Price | $ 301,000 | $ 289,294 | $285,418 | $279,014 |
Percentage Change | +4.0% | 2.2% | ||
Properties Sold | 6248 | 6389 | 2890 | 2653 |
New Listings/Sales Ratio | 59.7% | 62.3% | 49.4% | 50.4% |
Properties For Sale Now | 1431 | 1439 | 657 | N/A |
Thursday, January 05, 2012
December 2011 Monthly Statistics
Here are the numbers for the month of December, 2011 for both regional associations:
K-W This Month | K-W Last Year | Cambridge This Month | Cambridge Last Year | |
Avg. Sale Price | $ 303,551 | $ 288,820 | $271,586 | $282,492 |
Percentage Change | +5.1% | -3.9% | ||
Properties Sold | 325 | 327 | 159 | 155 |
New Listings/Sales Ratio | 102.5% | 91.3% | 87.0% | 70.8% |
Properties For Sale Now | 1431 | 1439 | 657 | N/A |
Wednesday, January 04, 2012
November Monthly Regional MLS Statistics
Here are the numbers for the month of November, 2011 for both regional associations:
K-W This Month | K-W Last Year | Cambridge This Month | Cambridge Last Year | |
Avg. Sale Price | $ 299,278 | $ 281,268 | $308,938 | $291,409 |
Percentage Change | +6.4% | +6.0% | ||
Properties Sold | 453 | 488 | 243 | 196 |
New Listings/Sales Ratio | 67.5% | 79.7% | 62.8% | 51.6% |
Properties For Sale Now | 2106 | 2007 | 882 | 821 |
Friday, November 25, 2011
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 |
Friday, October 07, 2011
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:
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 |
Tuesday, September 06, 2011
August 2011 MLS Statistics
The numbers indicate another strong summer month.
Here are the statistics for August, 2011:
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 |
Wednesday, August 24, 2011
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 |
Tuesday, July 12, 2011
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 |
Wednesday, June 08, 2011
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 |
Thursday, April 07, 2011
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 |
Thursday, March 03, 2011
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 |
Thursday, February 03, 2011
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:
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 |
Sunday, January 09, 2011
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:
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% |
Friday, January 07, 2011
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
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 |
Monday, December 13, 2010
November 2010 Monthly MLS Statistics
Here are the statistics for November 2010:
K-W This Month | K-W Last Year | Cambridge This Month | Cambridge Last Year | |
Avg. Sale Price | $ 282,624 | $ 283,858 | $291,408 | $272,832 |
Percentage Change | -0.4% | +6.8% | ||
Properties Sold | 484 | 543 | 196 | 224 |
New Listings/Sales Ratio | 78.7% | 82.0% | 58.2% | 59.1% |
Properties For Sale Now | 1949 | 1710 | 821 | 814 |
Thursday, November 04, 2010
October 2010 MLS Statistics
The fall numbers continue to lag behind last year's fall numbers, but it's fairly stable out there. Prices continue to stabilize, and although it's not brisk, there is plenty of activity. Here is the article in today's Waterloo Region Record with some more detail.
Here are the statistics for October 2010:
Here are the statistics for October 2010:
K-W This Month | K-W Last Year | Cambridge This Month | Cambridge Last Year | |
Avg. Sale Price | $ 302,596 | $ 264,788 | $278,626 | $251,054 |
Percentage Change | +14.3% | +11.0% | ||
Properties Sold | 444 | 572 | 200 | 220 |
New Listings/Sales Ratio | 52.4% | 77.4% | 51.7% | 61.9% |
Properties For Sale Now | 2095 | 1944 | 914 | 915 |
Tuesday, November 02, 2010
Are We an Apple or an Orange?
If you read some of the news articles about the recent Competition Bureau agreement with the Canadian Real Estate Association, you could truly be confused. But here are some clear facts:
1. You MUST be a licenced Realtor to post a listing on the MLS system. As a Realtor, this seems pretty simple. We all pay a lot of money to join and maintain the system. Nobody is going to say a one-time user can have my services without some strings attached.
2. Listings can be posted by a licenced Realtor without any contract for service. If you read my blog regularly, you know that I think that this is alright. It is somewhere between making your own coffee at home and Starbucks. Some people will desire this level of service. From a selfish point of view, I know that the listing salesperson cannot contract outside of the law, and may be liable, should there be a legal issue in the transaction. This will add stress to our Errors and Omissions policy costs which, in my opinion, is already too high.
3. 85% to 90% of Sellers and Buyers use a Realtor to buy or sell their most valuable asset. There is true value in the services we provide. When this MLS issue hit the press a few years ago in the US, things changed a bit for those buying and selling privately, but those 85/90 numbers did not change.
4. Prudential Grand Valley Realty is a full service brokerage.We're not interested in doing someone a favour by putting their listing on MLS as a favour to "test" the market. You're either an apple or an orange. There's no in between.
Sunday, October 24, 2010
A Special Day Today
I was overwhelmingly inspired by my son today. That's something that seems to happen more often as my two sons have grown up to become their own person.
My oldest son, Craig, ran in his first ever 10km race today in Niagara Falls, ON. In his own words, he was a couch potato four months ago, and he made a plan, and set a goal back in the summer to run in the race today. It was the culmination of a lot of hard work, commitment and perseverance. In his first ever long distance race, he finished 33rd out of 445 runners at a time that averaged faster than an 8 minute mile.
I am proud of him not just for finishing the race in such good order, but mostly for his committing to a long term goal and attaining it. We all can learn from that! Congratulations, Craig!
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