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Waterloo & Wellington Region MLS Listings Stats – March 25th, 2018

MLS Listing Stats Week Ending March 25th, 2018

In review of MLS listings stats in Waterloo and Wellington Region increased in the past seven days. Spring has arrived and sellers are starting to come to market in larger volumes. New listings increased by 101 compared ot the previous 7 days, hello inventory! That is 392 New listings compared to 291. That accompanied by only 251 listings sold pending in the same time frame (an increase of only 1 from the week prior). This is a much welcome increase for buyers as we head into the spring!

Waterloo & Wellington Region Real Estate – MLS Listings Stats Breakdown

New Listings: 392

Sold Pending: 251

Sold Closed: 80

Cancelled & Expired: 72

Active Conditionally Sold & Not Showing: 120

Price Increase: 8

Price Decrease: 73

Back on Market: 25

Summary – Spring Inventory Starting Strong

The week ending March 25, 2018 saw the first day of Spring and a welcome increase of new listings. Houses for sale in cambridge, kitchener, waterloo and guelph markets increase by 101 units over the past seven days. This should provide some more options for active buyers. When looking at sold pending numbers there was only one more unit sold (251 sold pending) compared to 250 just one week ago. This along with the significant increase in new listings is a great sign for buyers looking to scoop something up early this Spring. Comparing other metrics such as sold closed, price decreases, active CS/NS and cancelled listings to previous weeks there is nothing noteworthy.

Seasonal moving trends in southern Ontario are likely playing the biggest role in the increase of inventory in local markets. MLS listings in Waterloo and Wellington region traditionally see significant increases around the end of March and beginning of April, as this marks the beginning of Spring. With Easter coming up this weekend we will likely see a larger increase in new listings one week from now. Typically buyers and sellers are more active the week following major holidays, mainly due to travel, time off work and family vacations.

If you’re hoping to do some house hunting this long weekend stay tuned for our open house update and houses for sale in Waterloo, Kitchener, Cambridge and Guelph! If you’re looking for resources to help with your property search send us a message we would love to get you set up with the best free tools.

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Waterloo & Wellington Region MLS Listing Stats – March 18th, 2018

MLS Listing Stats Week Ending March 18th, 2018

MLS listings stats for the week ending March 18th, 2018 there are 40 fewer houses for sale in Kitchener, Waterloo, Cambridge and Guelph as the previous 7 days in the market. In addition to less new listings in Waterloo & Wellington Region there were slightly more properties sold in the past seven days (250) compared to the previous week (241). This will further contribute to the inventory shortage plagueing the local real estate markets and driving prices upwards.

Waterloo & Wellington Region Real Estate – MLS Listings Breakdown

New Listings: 291

Sold Pending: 250

Sold Closed: 124

Cancelled & Expired: 78

Active Conditionally Sold & Not Showing: 142

Price Increase: 7

Price Decrease: 67

Back on Market: 31

Summary – Why Inventory is so Low..

MLS listings data shows us that there are fewer houses for sale in Cambridge, Kitchener, Waterloo and Guelph than the previous week. We are one week closer to Spring but little has changed. We saw comparable number of price increases and decreases. As well as similar number of listings that are back on the market, expired or cancelled. The focus will continue to be on volume of new listings and sold pendings. These are the key metrics we track on a week to week basis to gauge the comptitive landscape of the Waterloo and Wellington real estate markets. All indications continue to point towards a lack of avialable listings comapred to the amount of active buyers, and it may get wores.

With Spring practically upon us the flood of seasonal buyers is sure to follow. But where will they move? With such little inventory available and no signs of more houses coming onto the market what does this mean?

If we continue to see low levels of new listings and the buyer pool as robust and enthusiastic houses in Kitchener, Waterloo, Cambridge, and Guelph will continue to rise in value. Stay tuned, we will be continually updated and comment on this core component of our local real estate markets. As we move into the spring market we will peel back some layers and discuss some of the reasons for why inventory is so low and what that means for you.

 

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Waterloo & Wellington Region MLS Listing Stats – March 11, 2018

MLS Listing Stats Week Ending March 11th, 2018

MLS listings stats for the week ending March 11th, 2018 there are almost the exact same number of houses for sale in Kitchener, Waterloo, Cambridge and Guelph as the previous 7 days in the market. Real estate martket data showed very similar numbers as the previous week, see below for breakdown and comments!

Waterloo & Wellington Region Real Estate – Listings Breakdown

New Listings: 331

Sold Pending: 241

Sold Closed: 88

Cancelled & Expired: 77

Active Conditionally Sold & Not Showing: 116

Price Increase: 14

Price Decrease: 73

Back on Market: 28

 

Summary

Our markets saw just one less new listing (331) in the past 7 days compared to the previous week (332) but far less closings. 241 properties sold pending and another 116 listings conditionally sold in the past week leaves little inventory in the Waterloo, Kitchener, Cambridge and Guelph real estate markets.

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Waterloo & Wellington Region Real Estate Statistics – March 4th, 2018

Market Statistics Week Ending March 4th, 2018

Our markets saw 71 more listings hit the board in the last seven days then the previous week and only 2 more sold pending (203 sold pending in last 7 days). There was a large increase in sold closed listings as buyers that squeezed in a deal before 2018 will be closing around this time. In summary, we are seeing slightly more new listings come up as we approach the spring and a lot more closings stemming from buyers in December 2017.

Waterloo & Wellington Region Real Estate – Listings Breakdown

New Listings: 332

Sold Pending: 203

Sold Closed: 278

Cancelled & Expired: 94

Active Conditionally Sold & Not Showing: 117

Price Increase: 6

Price Decrease: 41

Back on Market: 29

 

Although we see a nice bump in available listings you can bet there are more active buyers in our market as well. As the weather becomes warmer so will buyer activity. We are still in a strong sellers market until we more inventory consistently in Waterloo and Wellington regions. Until next week!

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Buying Smart Series – March 2018

Real Estate – Buying Smart Series

March 2018 is all about educating buyers! Smart buyers consistently get the best deals in any market, are you a smart buyer? Here is the smart series overview.

Buying Smart Series Overview

1. Education

When was the last time you bought a house? Unless you are consistently buying and selling real estate it is very hard to jump into the largest purchase of your life and feel confident. This is why we focus on educating clients to become the smartest buyers in our market. In this part of our buying smart series you will learn about common errors and misconceptions buyers have, learn about the tasks and costs associated with buying real estate, and you will understand our real estate markets from top to bottom!

2. Financial Qualification

In this section of the series we will discuss the finance side of real estate! Topics like mortgage financing, where and how to get expert advice and service, mortgage pre-approvals, financing conditions and more.

3. Buying Strategy

Buying strategies are different for everyone! The important thing is that the strategy makes sense for you and your situation but also puts you in the best position to get your dream home. We will share how and why our strategies work to find great value in our real estate markets.

4. Acquiring Your Dream Home

Ok so now that you’re the smartest buyer in the market, you have your finances in order, and you found your dream home how do you get it!? In the final part of our buying smart series we will discuss important topics from making great offers to closing the deal and everything in between.

 

We love real estate and helping our friends in the community find great value in our markets. If there are any specific topics or questions you have about real estate send us a message or comment below. You can follow along on Facebook too where we will be sharing our buying smart series and tips!