3,633 homes were sold through the Multiple Listing System (MLS®) of the Kitchener Waterloo Real Estate Board (KWREB) during the first six months of this year, just 96 units short of 2007's record breaking first half. The total value of those sales broke the one billion dollar mark for the first time to the end of June.

According to KWREB, consumers continue to have a strong sense of confidence in the value of home ownership in the region, and they expect the market will remain steady and healthy for the remainder of the year.

The increase in home sales occurred predominantly in the top half of the price range spectrum. There were 2,093 sales of residential properties for more than $250,000 in the first half of the year, compared to 1,446 for the same period in 2009, an increase of almost 45 percent.

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According to this recent press release from the Kitchener-Waterloo Real Estate Board, the local real estate market has remained strong throughout the first half of 2010.

KITCHENER-WATERLOO, ON (July 6, 2010) - During the first half of the year, the number of residential properties sold through the Multiple Listing System (MLS®) of the Kitchener-Waterloo Real Estate Board (KWREB) increased 16 percent.

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It looks like we are going to have another great year for the real estate market in the Kitchener-Waterloo area. As you can see from this press release from the Kitchener Waterloo Real Estate Board (KWREB) our local market is doing very well...

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We recently did some calculations in answer to a website visitor's inquiry about the value of homes in the area of Huron Village in Kitchener (in the Huron Park neighbourhood). Here is what we found:

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According to this recent press release from the Kitchener-Waterloo Real Estate Board (KWREB), house prices continued to climb in April 2010.

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Have you ever wondered "how long does it take to sell a house in the Kitchener Waterloo Real Estate market?" We all hear stories about the property that sold before the sign was up on the front lawn... or perhaps it seems like you have been driving by that for sale sign down the street for an awful long time...

Here are some figures for the number of "Days on the Market" that are based upon data from the Kitchener-Waterloo Real Estate Board (KWREB). The statistics are for property sales that occurred between January 1, 2010 and April 12, 2010. The homes are all single-detached (no semis, townhouses or condos), they have 3 or 4 bedrooms, from 2 to 4 bathrooms,  and they were listed for sale at a price between $250,000 and $500,000.

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The 2010 Real Estate year began with the best January ever; beating out the previous record set in January 2006 and seeing the sale of residential properties reach a monthly high for the fifth time in a row. Home sales activity reached 416 residential units, a jump of nearly 64 percent compared to January 2009 and the total dollar volume of residential properties purchased also increased by 84 percent compared to the same month last year.

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As this recent press release from the Kitchener-Waterloo Real Estate Board states, home sales are continuing to surge in the K-W area in March 2010.

MARCH HOME SALES SURPASS THE 700 THRESHOLD

KITCHENER-WATERLOO, ON (April 6, 2010) - For the first time in the month of March, residential property sales through the Multiple Listing System (MLS®) of the Kitchener-Waterloo Real Estate Board (KWREB) surpassed the 700 transactions threshold.

Home sales surged last month to 731 units, an increase of 47.1 percent relative to March 2009 results. In February there were 555 sales.

"Usually we start to see this kind of activity in April and May," said, Ted Scharf, President of the Kitchener-Waterloo Real Estate Board, "but spring has sprung a little earlier this year in terms of home sales."

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According to this recent Canadian Press article in the Waterloo Region Record, we should expect house prices to continue rising this spring.

March 15, 2010 - BY SUNNY FREEMAN - TORONTO - Home prices will continue to rise this spring as buyers scramble to close deals ahead of expected higher interest rates, new mortgage rules and new taxes in two key markets.

A report by RBC Economics issued Monday found that the cost of owning a home in Canada increased slightly across all housing segments in the closing months of 2009.

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Recently Coldwell Banker Peter Benninger Realty held our annual Economic Update in the Coldwell Banker theatre at 508 Riverbend Drive. During the two sessions held on February 4  Paul Ferley, the assistant chief economist of RBC Royal Bank, gave the audience his overview of the economic outlook for 2010.

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According to this recent press release from the Kitchener-Waterloo Real Estate Board, the K-W area real estate market is still going strong.

KITCHENER-WATERLOO, ON (March 3, 2010) - While Canada's athletes were racing for Olympic Gold; Waterloo region's homebuyers were racing to buy real estate. REALTORS® of the Kitchener-Waterloo Real Estate Board (KWREB) traded 553 homes in February through the Multiple Listing System (MLS®) for a total value of $153,120,645, marking a 31.7 percent increase over January's results.

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