Janet Harte

Well - the countdown is on!!! Only 10 more days until we will be with our little Scots We are so excited to be able to celebrate Peter’s bday and Easter with them and most importantly be there for our beautiful ballerina’s first recital. Needless to say Brian and I can hardly wait!!!

Home Sales – Kitchener-Waterloo – 2019

Happy New Year and all the best for 2020

We experienced a steadfast pace of home sales in 2019. Annual home sales in Kitchener-Waterloo hit nearly 6000 sales transactions!

Total residential sales in 2019 included 3,590 detached (up 5.9 per cent), and 648 condominium units (down 7.8 per cent) which includes any property regardless of style (i.e. semis, townhomes, apartment, detached etc.). Sales also included 421 semi-detached homes (down 0.7 per cent) and 1,266 freehold townhouses (down 3.7 per cent)
The median price of all residential properties sold last year increased 10.1 per cent to $490,000 and the median price of a detached home during the same period increased 8.6 per cent to $570,000
The lack of supply was still an issue for first time buyers and those attempting to move-up from their current residence or downsize in 2019. This will continue to be a challenge in 2020.
With interest rates expected to stay low in the year ahead and combining this with Waterloo region’s ongoing growth……2020 is expected be a very strong year for home sales in the region.

I am happy to provide you with a more in-depth pricing analysis of your existing home, supply you with current information on available properties or to assist you with any of your real estate needs.

Please contact me.

Regards,
Janet

Janet Harte
Team Realty KW Inc.
519.741.1400

November Home Sales Update:

November 2019 - 424 residential properties sold in November, a decrease of 12.4 per cent compared to the same month last year.

Home sales in November included 265 detached (down 1.5 per cent), and 46 condominium apartments (down 28.1 per cent). Sales also included 75 townhouses (down 38.5 per cent) and 38 semi-detached homes (up 31 per cent).

Families are moving to this area from other places and this is continuing to be a significant factor for our market. These buyers are selling wherever they are coming from and buying here, removing homes from the inventory but not putting anything in.

This has pushed up prices by decreasing inventory while the demand is still so strong.

This price growth is such a strong indicator of the success of the local economy and the overall business investment in the area as factors contributing to the continuing state of demand for homes outpacing inventory.

For more detailed sales information on specific areas of KW please contact me directly