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MLS Listings Stats Week Ending April 15th, 2017

MLS Kitchener, Waterloo, Cambridge & Guelph Listings Stats Update

Real Estate stats for the week ending April 15 for the Waterloo & Wellington region show our markets are following seasonal trends. Our markets have seen more new listings and sold pending transactions then previous months. This is primarily due to weather and seasonal trends. When compared to the Spring markets over the past few years we are experiencing similar numbers of new listings in our local markets. That being said, we are still in a seller’s market with inventory in our markets remaining fairly low.

Waterloo & Wellington Region Real Estate – MLS Listings Stats Breakdown

New Listings: 348

Sold Pending: 308

Sold Closed: 103

Cancelled & Expired: 85

Active Conditionally Sold & Not Showing: 158

Price Increase: 10

Price Decrease: 72

Back on Market: 20

Spring Snow Storms Temporarily Pause New Listings Coming To Market

Southern Ontario was hit by a nasty snow and ice storm this past weekend likely putting some new listings on hold. Weather is always a significant factor to consider when analyzing market stats. The poor weather likely the main cause for almost 100 fewer new listings coming to market this week compared to last week.

We saw 348 new listings coming to market in the last 7 days compared to the 455 new listings the week prior. That is a difference of just over 100 properties. That being said, we are still comparable to the previous spring in terms of available inventory. In the past week our market had 308 sold pending compared to 256 the previous 7 days. It is important to note the “net new listings” in our market. We saw 348 new listings and 308 sold pending listings leaving only 40 net new listings. This compared to the previous week which saw 199 net new listings. Low levels of net new listings are a strong indicator that there are a comparable number of buyers to sellers in our markets. This signals we will remain in a strong seller’s market for the foreseeable future.

Additional points to note include price changes, sold closed, and conditionally sold numbers. Waterloo and Wellington real estate markets had 72 listings that price decreased and 10 listings that price increased. These numbers remain low and indicating that most listings are selling without pricing changes. There were 158 conditionally sold properties this week and 154 the week before. Finally, our markets saw a fair decrease in sold close properties this week compared to last week.

Overall, we are not seeing any major surprises in our market’s underlying stats. We can expect the number of new listings to fluctuate between 300-400 new listings on a week-to-week basis for the next few months. If that does happen, and we continue to see comparable numbers of sold pending listings, the real estate markets in Waterloo and Wellington region will continue to be strong seller’s markets.

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MLS Listings Stats Week Ending April 8th, 2017

Houses For Sale in Cambridge, Kitchener, Waterloo & Guelph!

A welcome boost to real estate inventory means more houses for sale in Cambridge, Kitchener, Waterloo and Guelph. This signals unofficial beginning of Spring market! MLS listings stats show a big jump in new listings with more and more sellers coming to market (455 this week compared to 258 the week before). This brings much more selection to buyers but due to the seasonality of our real estate market you can expect the amount of active buyers have increased as well. Regardless, the real estate markets in the major market centres of Waterloo, Kitchener, Cambridge, and Guelph are still in strong sellers markets. This signals that it is still a great time for sellers to list.

Waterloo & Wellington Region Real Estate – MLS Listings Stats Breakdown

New Listings: 455

Sold Pending: 256

Sold Closed: 201

Cancelled & Expired: 107

Active Conditionally Sold & Not Showing: 154

Price Increase: 5

Price Decrease: 75

Back on Market: 17

Significant Increase to Inventory Kicks of Spring Real Estate Market

The Waterloo and Wellington regions experience a welcome increase in new listings coming to market with 455 new listings in the last 7 days. This compared to just 280 new listings the previous week shows that our spring market has arrived! Houses for sale in Cambridge, Waterloo, Kitchener and Guelph increased primarily due to the seasonality, as well as the timing of national holidays which typically causes sellers to push listing dates. It is important to note that inventory has been particularly low for the first three months of 2018 coming off new regulation changes and an extended Winter. This has maintained the region’s strong seller’s market that is extending into two, almost three years dating back to 2015.

To summarize the other notable stats we had a comparable number of sold pending and conditionally sold listing to the previous week. Sold pending listings for the last 7 days was 256 compared to 258 the previous week. Conditionally sold listings were 154 this past week compared to 150 the previous 7 days. Additional numbers for Cancelled, sold closed, back on market and price decreases remained similar to the previous week with nothing significant to report.

Overall we expect the seasonal trends to continue through the coming weeks. With more inventory and more pleasant weather we can expect more available inventory and more active buyers. Stay updated on market trends, newest listings, and the best buying and selling strategies with us on Facebook and our website! Comment and share what you would like to see and stay tuned for more great content.

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MLS Listings Stats Week Ending April 1st, 2018

MLS Listings in the Waterloo and Wellington regions took a step back this week, primarily due to the Easter long weekend. With most people off work travelling and enjoying quality family time Easter is traditionally slower in terms of new inventory coming to market. New MLS listings totaled 280, just over 100 less when compared to the previous week (392). Is this the calm before the storm that is the Spring real estate markets of Waterloo and Wellington?

Waterloo & Wellington Region Real Estate – MLS Listings Stats Breakdown

New Listings: 280

Sold Pending: 258

Sold Closed: 186

Cancelled & Expired: 84

Active Conditionally Sold & Not Showing: 150

Price Increase: 9

Price Decrease: 64

Back on Market: 30

Summary & Commentary

With another great Easter weekend in the books let’s compare houses for sale in Waterloo and Wellington regions to our first few weeks of Spring! MLS listings stats show that there were just over 100 fewer listings coming to market but had 7 MORE homes sold pending compared to the previous week. This differential between New Listings and Sold Pending shows that our markets had a large chunk of available listings purchased in the past week! This is largely due to the seasonality of our markets and the Easter long weekend. We can expect to see a significant increase in active listings this time next week and likely the week after.

Some additional noteworthy points are the large increase in sold closed (188 compared to just 80 the previous week), this is mainly due to the long weekend. It’s fairly common for many sellers and buyers to move the week of a long weekend to give them more time and flexibility to handle their move. Another interesting number to monitor is the amount of conditionally sold properties (“Active -NS” and “Active -CS”). There were 150 conditionally sold listings last week, an increase of 30 compared to the previous week (120). If this number continues to grow this can seriously change the buying and selling strategy compared to how our markets have been in the past year or two.

Stay tuned or ask us how an increasing number of conditional offers affects your buying or selling strategy! As always stay connected with us on social and leave us a comment or question below.

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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!

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Waterloo and Wellington Region Real Estate – Market Update February 25th 2018

Market Statistics Week Ending February 25th, 2018

 

This week in real estate our markets saw a few more new listings compared to previous weeks but not nearly enough to meet buyer demands. As low inventory pushes prices higher in the Waterloo and Wellington region real estate markets some sellers may be jumping on opportunities to cash out a few weeks before the traditional spring market starts around mid March. Even so, buyers are starving for inventory as competition continues to be intense and we are still in a strong seller’s market.

Waterloo & Wellington Region Real Estate – Listings Breakdown

New Listings: 261

Sold Pending: 201

Sold Closed: 108

Cancelled & Expired: 42

Active Conditionally Sold & Not Showing: 97

Price Increase: 9

Price Decrease: 51

Back on Market: 25

 

There is your quick summary for the past 7 days in your local real estate markets! What else are you keeping track of heading into Spring 2018? How are you keeping track of important market metrics? We’d love to hear from you, drop us a comment below!

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Kitchen Design Trends Guide 2018

6 KITCHEN TRENDS FOR 2018

While white kitchens will remain popular in 2018, expect to see more color this year in everything from cabinets to tile to appliances. In real estate, the kitchen is the focal point of your home and are usually the largest single investment in your property. Here is what is hot in kitchen trends for 2018!

 

1. Two-toned Cabinets

Two-toned cabinets are quickly overtaking the white-on-white look that has dominated kitchen design for the past few years. While white remains a classic, grey and bleached-wood cabinet variations are surging in popularity, along with darker neutrals like navy and green.

2. Quartz Counter Tops

Granite reigned as the top counter top choice for many years, but quartz is now king. It’s highly durable, low-maintenance and comes in a wide variety of styles and colors. It’s also heat resistant, scratch resistant and non-porous (unlike granite and marble) so it doesn’t need to be sealed.

3. Bold Backsplashes

After years of dominating backsplash design, the white subway tile is officially on its way out. Expect to see it replaced with more elaborate shapes, patterns, colors and textures. Tile that mimics the appearance of wood, concrete and wallpaper is also gaining in popularity.

4. Statement Sinks

While stainless steel and white porcelain are always safe bets, the trend is moving toward sinks that make more of a statement. Look for unexpected pops of color and materials like natural stone and copper. Touch-free faucets are expected to gain favor with homeowners this year, too.

5. Multi-purpose Islands

Many feature sinks, built-in appliances and under-counter storage while also serving as a casual dining area. They have become the focal point of the kitchen.

6. Black Stainless Steel

Black stainless steel is the hot new finish option for appliances, and it’s hitting the market in a big way. It offers a cutting-edge look and is easier to keep clean than traditional stainless steel. However, it’s harder to match finishes amongst different brands, so it’s probably only feasible as part of a complete appliance package.

What’s Cooking in Your Kitchen?!

Beautiful kitchens are the envy of home owners and potential buyers. A Kitchen renovation is a big project but can bring an even bigger return on your investment. When in doubt, you can be sure that investing in a kitchen renovation will not only help you and your family enjoy the most popular room in your home but also yield a great return in the real estate market!

What have you done to your kitchen? Were you ahead of the times and already capitalized on some of these hot trends? We would love to see your renovations and share ideas!