Team McNeil Real Estate Blog

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Re/Max Kickstart Rally 2012 in Toronto Gary Vaynerchuk Review

2012-01-26T17:31:00.001-08:00

http://www.teammcneil.com - Went down to Toronto on Tuesday and saw Gary Vaynerchuk speak about social media. Very interesting discussion. Here are my thoughts!
Please post a comment how social media has helped you in your business or how it could possibly help me. Thanks for watching!!

Warren & Melanie McNeil, Team McNeil

Real Estate Sales Representatives

Re/Max Twin City Realty, Brokerage

☎ o. 519.579.4110 c. 519-498-8118

Sent from my Blackberry :)

All new Re/Max Twin City book. Our first ad!!

2012-01-26T12:11:00.001-08:00

Here is our ad in the very first edition of the exclusive Re/Max Twin City Homes Magazine…

Pretty cool!!

Warren & Melanie McNeil, Team McNeil

Real Estate Sales Representatives

Re/Max Twin City Realty, Brokerage

☎ o. 519.579.4110 c. 519-498-8118 toll-free: 1-888-615-9231

http://www.kw-realestate.com/blog/2012/01/for-sale-54-whitney-pl-kitchener-on-229900/

Sent from my Blackberry Torch! :)

At Re/Max Kickstart Rally

2012-01-24T07:15:00.001-08:00

At Re/Max Kickstart rally in Toronto.. Just watched Ethan Bortnick!! Incredible performance...

Looking forward to hearing Gary Vaynerchuk.

Going to be a great day!!!

New Listing 54 Whitney Place in Downtown Kitchener

2012-01-23T13:24:00.001-08:00

We just listed a property in downtown Kitchener. Here are the details.. For more information visit our website!

Warren & Melanie McNeil, Team McNeil

Real Estate Sales Representatives

Re/Max Twin City Realty, Brokerage

☎ o. 519.579.4110 c. 519-498-8118 toll-free: 1-888-615-9231

See the full gallery on Posterous

Sent from my Blackberry Torch! :)

Agent open house today at 65-463 Beechwood Pl, Waterloo

2012-01-18T08:12:00.001-08:00

We are hosting an agent open house today at 65-463 Beechwood Pl in Waterloo. If you are not an agent you are welcome to drop by for a sneak peek of this property as well!

Open house is 11:00am-1:00pm.

We look forward to seeing you.

Pizza will be served!

Open House: Sat Jan 21 & Sunday Jan 22, 2012 between 2:00-4:00PM ~ #65-463 Beechwood PL, Waterloo

2012-01-17T08:38:00.001-08:00

We are doing an open house this Saturday & Sunday at #65-463 Beechwood PL, Waterloo

Please drop by and take a look at this beautiful condo! If you can make it, please feel free to contact us for a private viewing.

http://www.kw-realestate.com/listing.php?id=75

Warren & Melanie McNeil, Team McNeil

Real Estate Sales Representatives

Re/Max Twin City Realty, Brokerage

☎ o. 519.579.4110 c. 519-498-8118 toll-free: 1-888-615-9231

Sent from my Blackberry Torch! :)

K‐W Home Sales ease ever so slightly in 2011, Average sale price increases 4 percent

2012-01-10T13:07:00.001-08:00

KITCHENER-WATERLOO, ON (January 5, 2011) –– The 329 residential sales through the Multiple Listing Service (MLS®) of the Kitchener‐Waterloo Association of REALTORS® (KWAR) in December mirrored sales from the previous year. December’s results bring the total number of residential homes sold by REALTORS® through the KWAR MLS® System in 2011 to 6,252, a 2.1 percent decrease compared to 2010.

The total dollar volume of all residential properties sold last year increased 1.8 percent to $1,881,532,761, reflecting the steady price gains, and ongoing demand for homes in the higher price ranges.

The average price of all residential properties sold in 2011 increased 4 percent to $300,949. Single detached homes sold for an average price of $342,659 in 2011, a 3.9 percent increase relative to 2010. In the condominium market the average sale price in 2011 was $205,354, a 3.5 percent increase over the previous year.

“2011 was a great year for home buying and selling,” says Sara Hill, president of the KWAR. “Waterloo region continues to be a desirable place to live with a strong local economy. Low interest rates certainly continued to support buyers while sellers benefited from steady gains in home prices.”

Home sales in 2011 included 4,118 detached homes (down 0.3 percent from 2010), 1,200 condos (down 1.7 percent from 2010), 497 semis (down 1.4 percent from 2010), and 372 townhouses (down 21.5 percent from 2010).

Looking back at 2011, the president of the KWAR observed that the beginning of the year started with slower sales activity and that by June, sales started to gain momentum.

“Moderate demand in early 2011 was likely the result of the many buyers who purchased in the latter part of 2009 and early 2010 to avoid anticipated higher mortgage rates, and the HST,” says Hill. “Then, when adjustments to the rules for government-backed insured mortgages were implemented in March of 2011, this may have further impacted the ability for some to enter the housing market, particularly first-time buyers.” First-time buyers are an important segment of the KW real estate market, according to the president of the KWAR, “because the population of KW is younger than the provincial average.”

Save Money On Your Hydro Bill with Eyedro!

2012-01-05T18:58:00.001-08:00

Looking for a cost effective way to save money on your hydro bill? Check out this great new device that will monitor your hydro usage. I have already identified areas in my house where I need to make changes. We all have hydro hogging appliances and this device will be able to assist you to see where your highest usage is. I found out that my dryer uses alot of electricity. Without the Eyedro, I would never have know this. For more information visit www.eyedro.com.

Buying a House During the Holiday's & Winter

2011-12-29T22:12:00.001-08:00

http://www.teammcneil.com - Kitchener Waterloo Real Estate - Is buying a house during the holidays or the winter a bad time to buy or should you wait till the spring? I think not. I think that if you need to buy, anytime is a good time to buy. The right house could be on the market anytime so it might not be a bad idea to look all year round.

Check out my video below and please leave a comment! Thanks for watching!!

Pamper Yourself for a Year Early Bird Draw is Tonight

2011-12-22T15:34:00.001-08:00

The early bird draw for the Pamper Yourself for a Year Lottery draw is on tonight at the Central Tavern in Elmira. Come by and check it out! The event starts at 7:00 and the winner will be announced at 10:00pm.

Warren & Melanie McNeil, Team McNeil

Real Estate Sales Representatives

Re/Max Twin City Realty, Brokerage

☎ o. 519.579.4110 c. 519-498-8118

Sent from my Blackberry :)

Seasons Greetings and Happy New Year From Team McNeil

2011-12-22T12:43:00.001-08:00

We want to wish everyone happy holidays and a very happy New Year. We hope 2012 is filled with good health, wealth and happiness.

We'd like to thank all our past and present clients and we look forward to working with you in the future!

Portraits of Honour gala

2011-12-10T14:26:00.001-08:00

Mel and I are volunteering at the Portraits of Honour gala at the Preston Legion... We're working the coat check :)

Showing a Church in Elmira!

2011-12-07T09:32:00.001-08:00

Warren & Melanie McNeil, Team McNeil

Real Estate Sales Representatives

Re/Max Twin City Realty, Brokerage

☎ o. 519.579.4110 c. 519-498-8118 toll-free: 1-888-615-9231

Sent from my Blackberry Torch! :)

Angel Tree gifts

2011-12-06T17:59:00.001-08:00

Lots of people were very generous today. Look at all the gifts we collected today and this evening!

Donating to the Tree of Angels Campaign

2011-12-06T14:58:00.001-08:00

Here is the little flyer with all the details about donating to the tree of angels campaign.

Located at Conestoga Mall.

Tree at the Tree of Angels

2011-12-06T14:34:00.001-08:00

We are at Conestoga Mall right now accepting gifts for the Tree of Angels. We are here between 5:30-9:30.

5 Tips for Buying a Condo in Kitchener Waterloo

2011-12-06T12:57:00.001-08:00

Here's a video I did for buyers who are just in the beginning stage of their condo search. There are 5 tips here that can be helpful in getting you started in the right direction. Thank you for watching!!

Angel Tree at Conestoga Mall

2011-12-06T11:19:00.001-08:00

Mel and I will be volunteering at the Angel Tree tonight at Conestoga Mall on behalf of Woolwich Kin. Please come out and visit us between 5:30-9:30 :o)

Balanced conditions set to return to most Canadian housing markets in 2012

2011-12-06T10:32:00.001-08:00

Balanced conditions set to return to most Canadian housing markets in 2012,

while residential values expected to once again set new records, says RE/MAX

Mississauga, ON (December 6, 2011) – Canadian residential real estate defied conventional logic and

outperformed expectations in 2011, posting another solid year of housing activity virtually across the board. The trend is expected to carry forward into 2012 as Canadians continue to demonstrate their faith in homeownership, despite concerns over the European debt crisis and its impact on the global economy, according to a report released today by RE/MAX.

The RE/MAX Housing Market Outlook 2012 examined trends and developments in 26 major markets across the country. Eighty-eight per cent (23/26) anticipated average price increases by year-end 2011—with percentage hikes ranging from one to 16 per cent. The forecast for 2012 shows the upward trend moderating, but still ahead of 2011 figures. Overall home sales are expected to remain on par or ahead of last year’s levels in 85 per cent (22/26) of markets in 2011—including Saskatoon with a year-over-year percentage increase of 13 per cent and an eight per cent uptick in Calgary, Winnipeg, Hamilton-Burlington and Sudbury. Almost half of Canadian markets will match the 2011 performance, while the remainder should post increases ranging from one to five per cent next year.

By year-end 2011, an estimated 460,000 homes are expected to change hands, up three per cent from the

447,010 units reported in 2010. Sales are expected to climb one per cent to 464,500 units in 2012. The value of a Canadian home is set to climb to $363,000 this year—an increase of seven per cent over the $339,030 posted one year ago. By year-end 2012, the average price in Canada is forecast to appreciate two per cent to

$371,000.

“The Canadian housing market has demonstrated tremendous resilience in recent years, but 2011 stands out,” says Michael Polzler, Executive Vice

Reflections

2011-12-05T16:36:00.001-08:00

Just at Reflection's showing the beautiful model!

Kitchener Waterloo Real Estate Board Statistics for Nov 2011

2011-12-05T12:09:00.001-08:00

Kitchener Waterloo Real Estate Board Statistics for Nov 2011

By Warren McNeil

The Table below shows the most relevant Kitchener Waterloo real estate data for the Month of November 2011 and compares it with the same month in the previous year. This information is for Single Detached All Areas.

Please view this video I did about the Kitchener Waterloo Real Estate board statistics for Nov 2011:

Kitchener Waterloo Real Estate Board Statistics for Nov 2011

Single Family Detached Homes in All Areas

WATERLOO REGION (ALL Areas, Single-All Areas)	Nov 2011	Nov 2010	%CHANGE 10/11	Oct 2011	%CHANGE Oct/Nov
UNITS SOLD	293 SOLD	304 SOLD	-3.6%	319	-8.2%
AVERAGE PRICE SOLD	$344,404	$321,747	+7.0%	$353,063	-2.5%
AVERAGE DAYS ON MARKET	56 DAYS	59 DAYS	-5.1%	52	+7.7%
MEDIAN SALE PRICE	$315,000	$286,000	+10.1%	$305,000	+3.3%
SALE PRICE TO LIST PRICE RATIO	97.6%	97.7%	0.0%	97.4%	+0.2%

TOTAL RESIDENTIAL (Year-To-Date)

5921 SOLD

6062 SOLD

-2.3%

The above information is believed to be correct errors and ommissions accepted

Here is the Kitchener Waterloo Real Estate Board's press release for Nov 2011.

What is Median Sale Price? (Reference Wikipedia)

The median home price is one of the most common measurements used to compare real estate prices in different markets, areas, and periods. It is said to be less biased than the mean (average) price since it is not as heavily influenced by small number of very highly priced homes.

If we take 7 houses that were sold and sort their prices from lowest to highest in 1000s of Canadian Dollars.

225, 250, 275, 280, 300, 330, 350

Median price is 280, because it is right in the middle of the range – there are 3 prices that are lower and 3 prices that are higher.

How median price is different from average price?

To calculate average price we have to sum all of the prices and then divide by the number of units sold, therefore

Average price = (225 + 250 + 275+ 280 + 300 + 330 + 350) / 7 = approximately 287

What median price shows?

It shows who rules the market in a certain place (suburb or area) at certain time (i.e. 3 or 6 months or a year): if there are more people buying expensive houses than cheap ones, it will go up, but if there are more people buying cheap property than expensive – it will go down.

Kitchener Waterloo Real Estate Statistics Nov 2011

Steady Home Sales in November

2011-12-05T10:55:00.001-08:00

KITCHENER-WATERLOO, ON (December 5, 2011) –– There were a total of 450 residential sales through the Multiple Listing Service (MLS®) of the Kitchener‐Waterloo Association of REALTORS® (KWAR) in November, with a total dollar volume of $134,889,762, a decrease of 1.7 percent relative to results in November 2010.

Sales of residential properties to the end of November were down 7.8 percent compared to results one year ago, but on par with the previous 5-year average for units sold in the month of November.

“November’s home sales were on par with expectations and previous year’s activities, and we are pleased to report that the residential real estate market continues to demonstrate its stability in Waterloo Region,” said Sara Hill, President of the KWAR.

Year-to-date, there have been 5,921 residential units sold, a decline of 2.3 percent compared to the same period last year.

Home sales last month included 292 detached homes (down 3.3 percent from November 2010), 89 condominium units (down 28.8 percent from November 2010), 37 semis (up 2.8 percent from November 2010), and 26 townhouses (up 18.2 percent from November 2010).

The average price of all homes sold last month increased 6.6 percent to $299,755. Sales of detached homes contributed the most significant increase with a jump of 7 percent in November to $344,404, relative to one year ago. The next biggest increase came from the freehold Townhouse category which increased 6.1 percent to $257,142. Decreased demand for condominium sales in November was reflected by the 0.3 percent decrease in the average price to $207,697 from November 2010.

“The Waterloo Region housing market is on solid footing,” says President Hill, “contrary to some recent international headlines suggesting a slump in the so-called global housing market. This simply reinforces the importance for consumers to talk to a local REALTOR® to understand what’s really happening at the local level, as housing markets often differ from national or even international trends.”

Tree of Angels at Conestoga Mall

2011-12-05T07:03:00.001-08:00

Melanie and I will be at the Tree of Angels tomorrow between 5:30-9:30. If you are at the mall please drop by and say hi :)

View from our listing at 70 Parkvale Dr, Kitchener

2011-12-04T11:39:00.001-08:00

Checkout this beautiful view at our listing on 70 Parkvale Drive in Kitchener. We are doing an open house today Dec 4th between 2-4. Drop by and take a look...

Open House Sunday Dec 4 between 2-4pm at 70 Parkvale Drive, Kitchener

2011-12-04T09:51:00.001-08:00

We are doing a house on this property today between 2-4pm. Please drop by if you are in the area..

Nearly New! Well maintained Hawthorne model in Huron Park. Spacious layout features separate dining room, main floor laundry, generous great room open to dream kitchen featuring stainless steel appliances and dinette overlooking backyard backing onto greenspace. Large master bedroom features his and her closets as well as a 3 piece ensuite. Upstairs also features an open den or computer area off the bedrooms. Upgrades include 9’ ceilings, dark maple kitchen, built in dishwasher and microwave, gas fireplace in great room, elegant arches, central air, walk out basement with patio, air exchanger, water softener and alarm system. Shows Well!

For more information see http://www.clickthathouse.com

Congratulations to our clients at 134 Deer Ridge Dr for selling their house!!

2011-12-03T13:11:00.001-08:00

Moonlight Madness in Elmira

2011-12-01T18:15:00.001-08:00

Firefighters keeping the people passing by warm. Lots of good deals!!!

Moonlight Madness tonight in Elmira

2011-12-01T14:06:00.001-08:00

Come checkout Elmira's annual tree lighting and Moonlight madness event. Shop till late while the fire fighters light the way with their light barrels!!

[Video] Pamper Yourself for a Year Lottery Draw Early Bird Dec 22, 2012

2011-12-01T12:04:00.001-08:00

by Warren McNeil,

Hello everybody! I did a video for the Pamper Yourself for a Year draw that we are running with our sevice club the Kin Club of Woolwich.

The early bird draw is happening on Dec 22, 2012 at the Central in Elmira. The prize for the early bird draw is 52 $25 gift certificates for anywhere of your choosing. The main draw is taking place on March 10, 2012 and the grand prize for that draw will be 52 $50 gift certificates for anywhere of your choosing.

There will also be many other smaller gift certificate prizes to be won.

Net proceeds for the draw will go to the Womwns Crisis Services of Waterloo Region, various sports teams, educational and community projects in the Waterloo Region.

There will be 5000 tickets sold.

Tickets are only $20.

The very best part about this draw is that I will drop off the tickets to you. I know the holidays are upon us so I want to make this as simple as possible for anyone who might like to buy a ticket.

Thank you very much for supporting these great causes!!!

Have a terrific day!

Pamper Yourself For a Year Lottery

2011-12-01T08:32:00.001-08:00

Tickets, tickets, get your tickets! Melanie and I are selling tickets for the Pamper Yourself for a Year Draw. Early bird prize (Dec 22) is 52 $25 gift certificates of your choice. Grand prize (Mar 12) is 52 $50 gift certificates. The gift certificates could be anywhere you want. For example: LCBO, gas, groceries, restaurants, Visa gift cards. The very best part about this draw is that I deliver. All you have to do is give me the word and I will get them to you. 1 ticket is only $20. We are selling 5000 tickets and the proceeds go to various sports teams, Womens Crisis Services of Waterloo Region. Tell everyone and reshare this post. Thank you so much for supporting these great causes!!!

Warren & Melanie McNeil, Team McNeil

Real Estate Sales Representatives

Re/Max Twin City Realty, Brokerage

☎ o. 519.579.4110 c. 519-498-8118 toll-free: 1-888-615-9231

Sent from my Blackberry Torch! :)

[OPEN HOUSE] Sunday Dec 4th between 2-4pm - 70 Parkvale Drive, Kitchener ON

2011-11-29T17:30:00.001-08:00

Nearly New! Well maintained Hawthorne model in Huron Park. Spacious layout features separate dining room, main floor laundry, generous great room open to dream kitchen featuring stainless steel appliances and dinette overlooking backyard backing onto greenspace. Large master bedroom features his and her closets as well as a 3 piece ensuite. Upstairs also features an open den or computer area off the bedrooms. Upgrades include 9' ceilings, dark maple kitchen, built in dishwasher and microwave, gas fireplace in great room, elegant arches, central air, walk out basement with patio, air exchanger, water softener and alarm system. Shows Well! - View Listing

Congratulations to our client for selling their house at 18 Moscrip Rd, Cambridge!!

2011-11-29T13:29:00.001-08:00

Warren & Melanie McNeil, Team McNeil

Real Estate Sales Representatives

Re/Max Twin City Realty, Brokerage

☎ o. 519.579.4110 c. 519-498-8118 toll-free: 1-888-615-9231

Sent from my Blackberry Torch! :)

Congratulations to our client for selling their house at 18 Moscrip Rd, Cambridge!!

2011-11-29T09:33:00.001-08:00

[FOR SALE] 11 Schweitzer Cr, Wellesley ON - $579,900

2011-11-29T09:01:00.001-08:00

Better than New! 4 bedroom, 4 bath executive home in wonderful Wellesley. Features include: dream kitchen, sep. dining room, eat-in kitchen, main floor family room, main floor laundry mudroom, huge master with ensuite. Jack and Jill bathroom. Fireplace in family room. Chef\'s kitchen with appliances included. Walkout to yard backing fields with new inground heated salt water pool (2010) and 12\' x 20\' deck. Over 3800 sq. ft of luxury living. A absolute must see!
- View Listing

New Re/Max Twin City Magazine

2011-11-29T06:19:00.001-08:00

Mel and I are just at a presentation for the new Re/Max Twin City real estate magazine.

5 Tips For Buying A Condo In Kitchener Waterloo Area

2011-11-28T11:58:00.001-08:00

http://www.waterlooluxurycondos.com - Here is a video I did for people who are thinking about buying a condo in the Kitchener Waterloo area. These straight forward tips are a great start into the process of buying a new construction condominium or resale condo in the Kitchener Waterloo area.

Here is the video:

Here are the tips I spoke about in the video:

1. Do your research and understand the market. Find out everything you can about all the new developments and the resale market as well.

2. Take your time and study all the styles of condominiums

3. Talk to a lender to get the best interest rates, terms and other options such as amoritization rates and pre-payment options

4. Take the time to understand the paperwork. Especially as it relates to the condo portion. Have your lawyer review the documents and identify any restrictions or concerns that you might need to be aware. E.g. Sometimes there can be restrictions on pets or there might be an outstanding special assessment that you will need to know about. Your lawyer will be able to explain this information to you

5. This last step is really important. Have Fun! This process can be an exciting ride but it can also be overwhelming. Don't let any bad situations get you down. If you are in a bidding war, just realize that it might not work out. Don't get too attached because there will most likely be another condo that you will like better.

Thanks for watching!!
Warren

via Posterize

My favourite walking trail in Elmira the Kissing Bridge Trail

2011-11-28T09:19:00.001-08:00

Waterloo Luxury Condos Sales - Year Over Year Comparison 2009-2010 vs 2010-2011

2011-11-24T21:23:00.001-08:00

http://www.waterlooluxurycondos.com - Here is a useful video for anyone who would like to know how the luxury condo market is doing in the Kitchener-Waterloo area. The time frame I am using in the video is Nov 2009-Nov 2010 vs Nov 2010-Nov 2011.

This information can be helpful for anyone thinking of selling their condo or buyer who are looking to understand how well the Kitchener Waterloo condo market is performing.

Luxury condos sold within the past year vs the same period in the previous year over $300,000

91 Total Units sold between Nov 2009 - Nov 2010
17 Sold in Waterloo East
51 Sold in Waterloo West - 11 were Bauer Lofts, 16 at 255 Keats Way
11 Sold in Kitchener East
12 Sold in Kitchener West

The sale price for condos ranged in between $295,000 up to $695,000
Median Sale price was 347,500
Average days on market were 54 days

114 Total Units sold between Nov 2010 - Nov 2011
31 Sold in Waterloo East
60 Sold in Waterloo West - 20 of which were Bauer Lofts!!! 10 were at 255 Keats Way. 50% sold from just two complexes
13 sold in Kitchener East
10 Sold in Kitchener West

Condos ranged in sale price between $295,000 up to $950,000
Median Sale price was 348,750
Average days on market were 53 days

So in summary there was a 20% increase of unit sales for condos over $300,000 year over year for 2009-2010 and 2010-2011. There was also an increase in the maximum sale price year over year. The median sale price saw a slight increase.

The above information is believed to be correct errors and ommissions accepted

via Posterize

Kitchener Waterloo Real Estate Statistics Single-Detached vs Condo Sales from Aug 1st to Nov 23rd 2011

2011-11-24T11:08:00.001-08:00

Here is a video I did about the unit sales for single-detached houses and condominiums in the Kitchener Waterloo area. This information is useful for people who live in these areas as well as those who are looking to buy or sell and want to know what the top selling areas are. If you would like me to report any other statistical information, please feel free to leave a comment below.

Here is a breakdown of the stats that I used in the video.

Unit Sales	Single-Detached	Condominiums
Total Unit Sales	826	355
Waterloo West	179	73
Waterloo East	166	50
Kitchener West	337	171
Kitchener East	144	61

Top 3 selling areas for Single-detached

Laurention/Country Hills - 74 sales

Forest Heights - 46 sales

Forest Hill - 43 Unit sales

Top Selling Age Ranges for Single-Detached

6-10 Years - 35 unit sales

31-40 years - 36 unit sales

41-60 years - 32 unit sales

Top Selling areas for Condominiums

Laurention/Country Hills - 41 units sold

Top selling age Ranges for Condominiums

Less then 5 years - 13 unit sales

Kitchener Waterloo Real Estate Statistics Single-Detached vs Condo Sales from Aug 1st to Nov 23rd 2011

2011-11-24T11:05:00.001-08:00

Here is a breakdown of the stats that I used in the video.

Unit Sales	Single-Detached	Condominiums
Total Unit Sales	826	355
Waterloo West	179	73
Waterloo East	166	50
Kitchener West	337	171
Kitchener East	144	61

Top 3 selling areas for Single-detached

Laurention/Country Hills - 74 sales

Forest Heights - 46 sales

Forest Hill - 43 Unit sales

Top Selling Age Ranges for Single-Detached

6-10 Years - 35 unit sales

31-40 years - 36 unit sales

41-60 years - 32 unit sales

Top Selling areas for Condominiums

Laurention/Country Hills - 41 units sold

Top selling age Ranges for Condominiums

Less then 5 years - 13 unit sales

How's The Market? Kitchener Waterloo Condominium Statistics for Aug 1st - Nov 16th 2011

2011-11-17T13:19:00.001-08:00

by Warren McNeil,

[caption id="attachment_638" align="alignright" width="211" caption="How's the Market? Kitchener Waterloo Condo Sales"][/caption]

I did a video about the condo statistics in Kitchener-Waterloo area. I cover the total unit sales, average price, median

price and units sales by age range.

Here is the video:

Here are the numbers from the video:

Total Sales: 343

Breakdowns by areas:
Waterloo East: unit sales:48, average sale price: 232,940, median sale price: 202,325
Waterloo West: unit sales: 73, average sale price: 219,102, median sale price: 214,500
Kitchener East: unit sales: 60, average sale price: 174,857, median sale price: 148,800
Kitchener West: unit sales: 162, average sale price: 178,917, median sale price: 166,800

Breakdown by age range:
Kitchener:

43 sold between 1-5 yrs (9 of which were Kaufman lofts)

16 sold between 6-10 yrs

20 sold between 11-20 yrs

56 sold between 21-30 yrs

70 sold between 21-40 yrs

Waterloo:

9 sold between 1-5 yrs

8 sold between 6-10 yrs

13 sold between 11-20 yrs

34 sold between 21-30 yrs

28 sold between 31-40 yrs

If you would like me to report other statistics such as days on market or the types of condos that are selling, please post a comment. I want to know what the general public would like to know about the K-W condo real estate market.

Reflections Condo Development in Laurelwood Waterloo

[Video] Reflections Condominiums in Waterloo Ontario

2011-11-17T10:43:00.001-08:00

Check out this video I did for the condo development in Waterloo called Reflections.

See also my previous blog post about this great development.

Reflections Condo Development in Laurelwood Waterloo

2011-11-16T19:41:00.001-08:00

I have been meaning to write a blog about this development for a little while now. In my search to find really good new construction projects, this one really stands out! I really like this development for a variety of reasons. One interesting point is that there really isn't anything else comparable in the area. As land quickly gets gobbled up by other developments, the only option is to go up. There aren't any other apartment style condos in this area that I know of which makes this development really appealing.

Amongst the other developments in the Waterloo Region such as Arrow Lofts or the City Centre condominiums the Reflections condos are more of a traditional style of condominium. While loft conversions such as Arrow Lofts and the new City Centre are building modern loft spaces with luxury finishes, Reflections is building luxurious traditional condos in a very desirable area of Waterloo at a reasonable price. In my opinion, the difference between loft style condos vs traditonal condos is how the buildings are built and interiors are designed. Many lofts have tall ceiling height 10ft+, exposed ductwork, floor to ceiling windows and are decorated with a modern flair that might not appeal to everyone. Loft condominiums often have a higher cost per square and are therefore more expensive then traditional condominiums. Traditional condos have the standard 8 or 9 ft ceilings, no exposed ductwork, regular windows, standard flooring options like carpet/ceramic, and balconies. Please keep in mind that my comparison is only to illustrate that there are differences between the two styles of condominiums and that as the two styles converge we're seeing a new type of condo that appeals to more people.

This development is close to shopping, restaurants, a brand new library, schools (public and high schools), parks and Laurelwood Conservation Area. If you take a short drive up Erbsville Rd, you are only minutes away from the brand new boardwalk. The boardwalk features a movie theatre, many big box stores, restaurants and much more.

The builder is Urban Era homes which is a division of the Activa group who has been in operation for 25 years and is one of the largest real estate development companies in the Waterloo Region.

This project features two seven storey towers with units ranging in price from 190,000-298,000. Units range in size from 678 sq.ft up to 1183 sq.ft. Some of the insuite features are 8 ft ceilings on a typical floor and 9 ft ceilings on the first floor of 776 Laurelwood and the second floor of 778 Laurelwood. Oversized windows, spacious outdoor balcony as per plan, six appliances including fridge, range, dishwasher, microwave, washing machine and clothes dryer (stacked unit). Please note this is information I gathered from the builder as of Nov 16, 2011.

Occupancy is expected to be Sept 2012 for the first building.

So if you are in the market for new construction condos, don't overlook Reflections.

I hope you found this information useful and if you have any questions about this development or any other development in the Waterloo Region, please don't hesitate to ask.

Resources:
Urban Era Website: http://www.urbanerahomes.ca/
Wonderful Waterloo: http://www.wonderfulwaterloo.com/showthread.php?t=619&page=3

Proposed Kitchener Auditorium Expansion

2011-11-08T11:00:00.001-08:00

They're proposing on expanding the Kitchener Auditorium by adding 1000 more seats. One of the issues could be the parking. Cost estimates for the new arena are between 130-million and 150-million. The renovation would add up to 3800 seats for a total of 10,000 seats.

Video of proposed Aud expansion

Article source: 570 News

The Housing Evolution in Kitchener Waterloo

2011-11-07T20:56:00.001-08:00

A recent report from Re/Max had a lot to say about the Kitchener Waterloo area. As a working realtor, I am experiencing all of these developments in the region first hand. As a matter of fact, I have several clients looking to buy into the condo market in Kitchener Waterloo. I am also working with baby boomers and seniors who are looking to move into townhomes, apartment style condos and bungalows. I expent this trend will continue for the months and years to come. I am really interested to see what the Barrelyards will be like once the hotel is finished and they start building the condos and townhouses.

Here is the excerpt that Re/Max wrote about Kitchener Waterloo.

Changing consumer appetites have supported the most recent evolution in Kitchener-Waterloo’s housing mix, improving the quality of homes and propping up all types of new construction throughout the region. The trend has contributed to rising average price, urban and suburban growth and-most notably-a considerable upswing in the city’s burgeoning condominium segment.

The most significant boost to Kitchener-Waterloo’s housing stock came over the past decade, when renovation and new construction pushed the value of building permits to an unprecedented $6 billion-two and a half times the amount spent just one decade earlier. Incidentally, during the same period, average price-also supported by a number of additional solid fundamentals-climbed 84 per cent, from $167,317 in 2000 to $289,041 in 2010.The upswing in the renovation trend in recent years has improved the quality of listings. Today’s purchasers have higher expectations than in generations past and are driving demand for properties with better finishing’s and features. Renovated homes in mature neighbourhoods, offering the latest bells and whistles, are still generating multiple offers, while the overall market has moderated to some extent.

Builders have also answered the call, with new subdivisions prompting the emergence of up-and coming areas on the peripherals of the city. Immigration and a higher cost of living may impact the evolution of the traditional detached home, as an increasing number of newcomers begin to seek out two-family homes or those offering a separate apartment. Although this type of housing remains hard to come by, it will be a trend to watch going forward.

Young buyers, investors and baby boomers have seriously embraced higher-density residential developments throughout Kitchener-Waterloo. These units have gained so much traction that they may well over take the long sought-after bungalow as the product of choice for both first-time buyers and downsizers in the years ahead. Lifestyle is foremost, with momentum strongest in Downtown Kitchener and Uptown Waterloo. Affordability is one reason, with units starting from $150,000.A tightening vacancy rate and rising rental costs are also playing a role. The city is home to its fair share of exciting developments. Recently completed and ongoing projects in Kitchener include the trendy Kaufman and Arrow Lofts, The Intowns, City Centre Condominiums at the former Centre Block site, as well as Icon condos.

Uptown Waterloo continues to be transformed, with residents drawn by proximity to the hospital, university and major businesses, as well as culture, shopping and festivals may yet be the Barrel Yards development the large stand most ambitious brownfield redevelopment to date, which, when complete, will be home to a luxury hotel, condominiums, townhomes, live-work units, rentals, a senior’s residence, offi ce and retail space, a park and underground parking for 2,400 cars.

Condominium townhomes have also emerged as an increasingly sought-after bridge between condo apartment ownership and the detached home for first-time buyers. Boomers are also looking to townhomes as an alternative to apartment-style living and new product such as quads and brownstones have raised the bar and the appeal. Infill, redevelopment, new construction and renovation will continue to drive the revitalization of the region, supporting intensification efforts, population growth and propping up average price in the years ahead. Currently, year-to-date (September) average price hovers at $295,845 in Kitchener-Waterloo, up about four per cent from 2010, while sales, at 3,670units, are off last year’s pace by approximately five percent.

An influx of new listings is expected to keep prices in check in the short-term, with modest appreciation of three to four per cent projected by year-end 2011.

Source: Re/Max Ontario Atlantic Housing Evolution article

[Agent Open House] 70 Parkvale Drive, Kitchener ON ~ Thursday Oct 19, 2011 ~ 11-12:30

2011-10-19T19:12:00.001-07:00

by Warren McNeil,

We are hosting an Agent Open House tomorrow

Date/Time: Thursday Oct 19, 2011 between 11:00-12:30
Location: 70 Parkvale Drive, Kitchener ON
Pizza will be served!!

Nearly New! Well maintained Hawthorne model in Huron Park. Spacious layout features separate dining room, main floor laundry, generous great room open to dream kitchen featuring stainless steel appliances and dinette overlooking backyard backing onto greenspace. Large master bedroom features his and her closets as well as a 3 piece ensuite. Upstairs also features an open den or computer area off the bedrooms. Upgrades include 9' ceilings, dark maple kitchen, built in dishwasher and microwave, gas fireplace in great room, elegant arches, central air, walk out basement with patio, air exchanger, water softener and alarm system. Shows Well!

View Listing

Pet Friendly Condos in Kitchener Waterloo

2011-10-19T11:19:00.001-07:00

By Warren McNeil

One of the most disappointing things that can happen when searching for a condominium or loft is finding out that you are not allowed to have pets in the building. The other disappointing thing is finding out that your pet doesn't meet within the appropriate size restriction or the type of pet you have is not allowed. These reasons can prevent you from making the decision to buy a condominium. Unlike freehold single-family homes, condos have rules and regulations that can prevent or place restrictions on pets.

It is very important to do your research before buying a condominium so that you understand all the rules and regulations pertaining to pets. In Kitchener Waterloo there are lots of condominiums that will allow you to have pets. The only thing is finding them.

I was working with a client this past year and they wondered if they could have their large breed dog live with them in the unit. We found out during our search that the unit the client wanted to buy didn't allow large dogs and they were faced with a difficult decision. They decided to buy the condo and the dog ended up living with another family member.

As a pet lover, it is very difficult to make these decisions. Pets become part of the family and when you find out that they are not allowed to live with you it can get pretty nerve-racking to find a place to live with your pet.

Sometimes people aren't in the position to buy a freehold home and buying condo is their best option. In this case you need to know that there could be some due-dilligence that will need to be done before buying a condo.

For more information about condos that allow pets in Kitchener-Waterloo please don't hesitate to contact me at 519-498-8118.

Residential sales to the end of the third quarter of 2011 are behind last year by 2.9 percent.

2011-10-19T08:29:00.001-07:00

KITCHENER-WATERLOO, ON (Oct 5th, 2011) – Residential sales to the end of the third quarter of 2011 are behind last year by 2.9 percent. A total of 4,975 homes have sold to date this year through the Multiple Listing Service (MLS^®) of the Kitchener-Waterloo Association of REALTORS^®, compared with 5,126 during the same period last year.

Overall residential sales brought the dollar volume to $1,493,498,796, an increase of 0.8 percent compared to one year ago.
While sales have been slightly behind last year’s results for most dwelling types, the condominium-class property has been the notable exception. There have been 953 condominium sales year-to-date, a 2.8 percent increase compared to a year ago.

Source: Kitchener Waterloo Real Estate Board

http://www.oee.nrcan.gc.ca/residential/personal/retrofit-homes/retrofit-qualify-grant.cfm?attr=4

ecoEnergy Rebate Renewed Until March 31, 2012

2011-09-08T11:26:00.001-07:00

If you didn't get a chance to take advantage of the ecoEnergy rebate before, now is your chance. The Government of Canada has renewed the ecoEnergy retrofit program again from June 6, 2011-March 31,2012.

Here is a link to the website that has the most up-to-date information about the program...

August home sales up from last year

2011-09-08T11:02:00.001-07:00

Here is the press release below about August home sales in Kitchener Waterloo. I think low interest rates are playing a big part in the increase in sales. Bank of Canada announced that they will be leaving the interest rate at 1.00%. I think we are going to have a strong fall real estate market hear in Kitchener Waterloo!

KITCHENER-WATERLOO, ON (Sept. 7th, 2011) – There were a total of 507 home sales through the Multiple Listing Service (MLS®) system of the Kitchener-Waterloo Association of REALTORS® (KWAR) in August. This represents a 7.2 percent increase in residential sales compared to the same month last year. Sales in the month of August included 341 detached homes, 32 semis, 27 townhomes and 100 condominium units.

The average sale price of all residential properties sold in Kitchener-Waterloo and area rose 4.3 percent to $293,149, up from $280,985 one year ago. Condominium units increased 3.2 percent in August compared to last year to $208,238. Similarly, the average sale price of detached homes rose 3.3 percent to $330,561 over August 2010.

Despite this increase in August sales compared to 2010, overall residential sales are down on a year-to-date basis from 4,615 to 4,476 units which signify a 3.0 percent decrease in transactions. Residential sales are also down from the month of July by 2.3percent which recorded 519 residential sales.

“There were a lot of positive numbers this August compared to the same month last year,” said George Patton, President of KWAR. “Sales were brisk; we had a good amount of multiple offers reported. The $300 to $350,000 price range was definitely the most popular with buyers in August, representing 14 percent of all sales for the month.”

Homes priced above $350,000 also saw significant activity and accounted for another 23 percent of sales in the month of August. “The cooler weather signifies the beginning of the fall market – always a busier time for real estate sales,” notes Patton.

Consumers uncertain about current market conditions should work with a REALTOR® to develop an effective selling strategy. If you are buying, a REALTOR® will negotiate on your behalf and guide you through every step. A REALTOR® understands the local market and must, by law, look after your best interests.

View Full Media Release

More about The Beaches Community Search MLS Listings for Beaches Homes

Toronto Homes – Moving From Kitchener to Toronto

2011-08-25T20:21:00.001-07:00

From time to time we work with clients who are relocating to Kitchener-Waterloo and relocating from Kitchener Waterloo. When we have clients who are moving away from the area, we want to make sure that they are well taken care of on the other end. Here is a guest post from a Re/Max agent in Toronto who really knows what it takes to assist buyers and sellers with all their Toronto Real Estate needs. Please enjoy the following post from John Helfrich, Broker at RE/MAX Hallmark Realty Ltd, Brokerage!

Toronto Homes – Moving From Kitchener to Toronto

by John Helfrich, Broker RE/MAX Hallmark Realty Ltd, Brokerage
www.eastendtorontohomes.com

Kitchener/Waterloo

Kitchener Waterloo has a lot of what Toronto wants. Green space, lower population density, bigger lots and newer, more affordable homes. But sometimes your career dictates that you have to move to Toronto or face a masochistic daily commute.

If and when the time comes for you to move to Toronto, I’d like to show you a side of Toronto you may not know about. The East Side, or East End Toronto, as we call it. This isn’t ‘the ‘burbs’ and it’s not Scarborough. It’s an area that’s 5 to 30 minutes outside the Downtown core in what was the old City of Toronto.

There are 4 communities in the East End that have quick commutes to downtown, distinct identities, and great quality of life. The Beaches, Leslieville, Danforth Village and Riverdale.

Map Graphic courtesy of Your Guide to Toronto Neighbourhoods by David Dunkelman

The Beaches

The Beaches community looks and feels more like a lakeside resort town than a big city neighbourhood. In the summertime, thousands of Torontonians and tourists flock to The Beaches to walk on The Boardwalk, exercise along the Martin Goodman Trail, relax on the clean swimmable beaches, or shop and dine at the colourful stores and restaurants along Queen Street.

Queen Street East in the Beaches was chosen the Best Main Street in all of Ontario by TV Ontario in 2002. It’s like the main drag of the small town I grew up in…only better. It’s big enough to have great retail shopping and restaurants, but small enough that you still meet your neighbours when you’re out and about. It really feels like a small town inside the big city.

Leslieville

Demand for Leslieville real estate is strong and keeps getting stronger. It’s evolved from an up-and-coming neighbourhood into one of East End Toronto’s hottest and hippest communities. Founded in the late 1800’s for factory and garden workers, Leslieville has recently gentrified – yet it still offers more of an urban edge than neighbouring Riverdale or The Beaches.

Riverdale

Riverdale is one of East End Toronto’s oldest and most established communities. Owners and visitors both enjoy the local chef-run restaurants, the expansive parks, and the beautiful Victorian and Edwardian homes.

Just about anything that’s an easy walk to the Danforth (and the subway) or well-renovated is in extremely high demand. The same can be said about any home in the highly-ranked Jackman School catchment area. Prices are on the high side but local residents feel it’s worth it for the convenience and lifestyle.

More about The Riverdale Community Search MLS Listings for Riverdale Homes

Danforth Village

Also known as Danforth Mosaic and East Danforth, it’s quite a long strip that runs both North and South of The Danforth from Jones Avenue, nearly all the way to Victoria Park.

Danforth Village / East Danforth was named one of Toronto’s top five up-and-coming neighbourhoods in 2010 by the Globe and Mail. This is pretty much the final frontier for affordable housing in East End Toronto. Increasing numbers of buyers find it’s tough to get better value in East End Toronto than this multi-cultural neighbourhood.

More about Danforth Village Community Search MLS Listings for Danforth Village Homes

If you’re looking to buy a home in Toronto, The East End offers homes in every price range, from luxury estate style properties to cozy starter homes or condos, all in established, centrally located neighbourhoods.

I’d love to help make your transition to Toronto an easy one. You can reach me:

M 416.464.8920 B 416.699.9292

john@eastendtorontohomes.com www.eastendtorontohomes.com

Family Fun Weekend & Grand River Amazing Race is Only One Week Away!

2011-07-18T21:02:00.001-07:00

by Warren McNeil,

We're getting down to the crunch!!! We are only one week away from the Family Fun Weekend and Grand River Amazing Race

The location is the West Montrose Family Campground 6344 Line 86, West Montrose, ON, Canada, N0B 2V0

The main fundraiser is the Grand River Amazing Race. All proceeds for this event go to Womens Crisis Services of Waterloo Region (Anselma House). Up to this point the registered teams have raised almost $10,000 in pledges. There has been alot of work put into creating this event and it is going to be fantastic. We are expecting a really good turnout for the race itself as well as the all the other activities that are planned for the whole weekend.

The Family Fun Weekend starts Friday and goes through to Saturday. The Race will take place on Saturday. Other weekend activities include

Game Asylum - http://www.gameasylum.org

Fun Casino

Silent Aution

Carnival

Karaoke

Movie under the stars

Live entertainment on main stage

Crown and Anchor wheel

Admission is free and is open to the public.

The event is being put on by the Kin Club of Woolwich.. For more information about the event checkout the main Kin website at http://www.woolwichkin.com

Kitchener Ribfest and Waterloo Jazz Festival July 15-17 2011

2011-07-14T19:17:00.001-07:00

by Warren McNeil,

If you are looking for something to do this weekend then look no further then Ribfest/Craft Beer Show at Victoria Park in downtown Kitchener and the Waterloo Jazz festivall at uptown Waterloo.

Kitchener Ribfest and Craft Beer show (Victoria Park)

From what I hear, this year there will be about 7 different ribbers. So make sure you come with a big appetite. If you pace yourself then you can try all of them. I believe a rack of ribs will cost about $20-$22. If ribs are not your thing, there are many other types of food to eat as well. Admission is free which is really cool because normally you have to pay an admission when you go to these ribfest events. Although admission is free to Kitchener Ribfest, donations to the K-W Food Bank will be accepted. In addition, the midway will be returning this year. Looks like there will be live entertainment all three days. I drove by Victoria Park tonight and noticed that they were setting up so it should be a really good event. The weather is also suppose to cooperate with the sun continuing on through the weekend. I recommend that you bring a lawn chair just in case there is no seating. Keep it in your car if there is lots of seating.

For more information about the Kitchener Ribfest and Craft Beer show, visit the website at http://www.kitchenerribandbeerfest.com/main2.cfm

Waterloo Jazz Festival (Uptown Waterloo)

If you are in Waterloo then you can check out the Waterloo Jazz festival. It looks like there are about 15 performers this year. There will be two stages. The main stage will be at the Waterloo City Hall parking lot and the Satellite Stage will be at Waterloo Public Square. I am somewhat a newbie to Jazz music so I will checking out this event for the first time tomorrow.

For more information about the Waterloo Jazz Festival, check the website at http://www.uptownwaterloojazz.ca/index.html

[OPEN HOUSE] Sunday June 26th between 2-4pm - 48 Blackfriars Pl, Kitchener

2011-06-22T13:01:00.001-07:00

This 3 bedroom, 2 bath backsplit is finished top to bottom with hardwood floors, gas fireplace, appliances. All you need to do is move in! This cul-de-sac is a great location in Idlewood and close to Stanley Park Mall. With fenced yard and private patio for your backyard entertaining. Newer furnace & a/c. Roof 2009. - View Listing

[OPEN HOUSE] June 26, 2011 between 2-4pm - 35-28 Underhill Cr, Kitchener On

2011-06-21T09:43:00.001-07:00

Spacious 3 bedroom, 2 bath multi-level condo in desirable complex near Chicopee.
Features include: freshly painted main floor, eat-in kitchen, generous dining room and living room with walk out to yard. One of the largest floorplans in complex, finished recroom and carport. Don't miss out!
- View Listing

[OPEN HOUSE] - 35-28 Underhill Cr, Kitchener On

2011-06-21T09:40:00.001-07:00

Arrow Lofts are Coming Soon in Downtown Kitchener!!

2011-06-08T15:22:00.001-07:00

by Warren McNeil,

The Arrow Lofts are nearing completion and will be available in the winter of 2011. If you want to be in a downtown Kitchener condo, the Arrow Lofts might be just what you are searcing for. Pricing starts in the 200s and goes up to 600,000.

For a complete list of all the floorplans and pricing please contact us. Right now for a limited time there is special agent pricing and buyer incentive program.

This is just another development besides the Centre City Living condos by Andrin which are located in the Centre Block.

Check out this video I did about the new development.

Video added June 8th, 2011

[OPEN HOUSE] Saturday June 11th between 1-3pm - 48 Blackfriars Pl, Kitchener

2011-06-07T12:59:00.001-07:00

[FOR SALE] 35-28 Underhill Cr, Kitchener On - $189,900

2011-06-07T12:47:00.001-07:00

[FOR SALE] 48 Blackfriars Pl, Kitchener - $269,900

2011-06-07T10:08:00.001-07:00

Arrow Lofts are Coming Soon in Downtown Kitchener!!

2011-06-02T07:33:00.001-07:00

by Warren McNeil,

The Arrow Lofts are nearing completion and will be available for purchase very soon. If you want to be in a downtown condo, the Arrow Lofts might be just what you are searcing for. Pricing is in the 200s up to 600,000.

This is another development besides the Centre City Living condos by Andrin which are located in the Centre Block.

For a complete list of all the floorplans and pricing please contact me

Thanks for reading!!!

Demand for luxury homes intensifies amid rising Canadian and global wealth

2011-05-18T21:47:00.001-07:00

Demand for luxury homes intensifies amid rising Canadian and global wealth

Mississauga, ON (May 18, 2011) - Improved financial standing among high net worth individuals is the major factor driving strong sales activity at the top end of Canadian housing markets, according to a report released today by RE/MAX.

RE/MAX Ontario-Atlantic Canada and RE/MAX of Western Canada examined 12 major centres from coast-to-coast and found that luxury sales have surged in close to two-thirds of housing markets between January 1 and April 30 of this year, compared to the same period in 2010. Leading in terms of percentage increases over the four-month period were Greater Vancouver (118 per cent) - where foreign investment has also played a major role - Ottawa (59 per cent), Calgary (51 per cent), Halifax-Dartmouth (27 per cent), Winnipeg (24 per cent), Hamilton-Burlington (13 per cent) and Greater Toronto (nine per cent). Six of the seven major cities - with the exception of Calgary - are poised to set new records in top-end activity by year-end. Several are just short of peak levels reported in 2010, such as Victoria, Regina, and London-St. Thomas.

Right now in Kitchener Waterloo there are 92 homes for sale between $600,000-2,100,000

The areas of these homes are, Lincoln Heights(Kiwanis Park), Colonial Acres/Eastbridge, Bridgeport, Stanley Park/Centreville, Grand River North, Idlewood/Lackner Woods, Hidden Valley, Doon/Pioneer/Wyldwoods, Uptown Waterloo, Beechwood, Upper Beechwood and Laurelwood. As you can see there are luxury homes spread right across the city so if you want to be in a particular area, you should be able to find something that suits your taste in the area that you prefer. In addition to the luxury housing there are many luxury condos as well. Some of the new developments are offering condos upwards in the million dollar range. We also have some pretty nice luxury townhomes as well.

Here are a couple of maps showing the locations of all the luxury homes in the different areas around Kitchener Waterloo.

Realtors back rail transit plan

2011-05-18T20:55:00.001-07:00

Here is an interesting article I read regarding the rapid transit plan that we are in the midst of. Realtors in Waterloo Region are pro-lightrail.

WATERLOO REGION — Local realtors lean to supporting an $818-million rail transit plan meant to help redevelop neighbourhoods near stations, a survey suggests.

The Kitchener-Waterloo Association of Realtors surveyed its members and found 71 per cent support light rail transit, 14 per cent support rapid buses and 15 per cent support upgrading roads without rapid transit.

Association president George Patton said realtors are “naturally interested in any issue that stands to have such a profound impact on how the community is shaped.”

Realtors were also asked if trains are the best way to encourage investors to build homes and workplaces in central neighbourhoods. The results: 64 per cent said yes, 23 per cent said no and 14 per cent said maybe.

Original article: http://www.therecord.com/news/local/article/534254--realtors-back-rail-transit-plan

Realtors back rail transit plan

2011-05-18T20:43:00.001-07:00

Here is an interesting article I read regarding the rapid transit plan that we are in the midst of. Realtors in Waterloo Region are pro-lightrail.

WATERLOO REGION — Local realtors lean to supporting an $818-million rail transit plan meant to help redevelop neighbourhoods near stations, a survey suggests.

Association president George Patton said realtors are “naturally interested in any issue that stands to have such a profound impact on how the community is shaped.”

Original article: http://www.therecord.com/news/local/article/534254--realtors-back-rail-transit-plan

GO Trains Coming to Kitchener in December - Travelling to and from Toronto

2011-05-17T19:26:00.001-07:00

By Warren McNeil

First we got buses and now we are getting trains. GO trains are coming to Kitchener in December 2011. A one-way ticket to Toronto will cost $15 and travel time will be 2 hours. 2 trains will be travelling each morning Monday thru Friday. No weekend service.

Construction is underway to build a layover station to park the trains overnight between King and Park St. The project will cost 5 Million dollars.

I believe this will be great for commuters who don't want to drive the 401 to go to and from Toronto everyday. The train will take 2 hours but I am sure there are days that if you drove into downtown Toronto, the drive would take 2 hours anyway. Just another example of the growth we are seeing in Kitchener Waterloo.

References: http://www.therecord.com/news/local/article/533355--go-train-ticket-to-toronto-15-for-one-way-trip

Kitchener Waterloo Real Estate Board Statistics for April 2011

2011-05-11T17:11:00.000-07:00

Kitchener Waterloo Real Estate Board Statistics for April 2011

By Warren McNeil

The Table below shows the most relevant Kitchener Waterloo real estate data for the Month of April 2011 and compares it with the same month in the previous year. This information is for single detached only in all areas.

Kitchener Waterloo Real Estate Board Statistics for April 2011

Single Family Detached Homes only

WATERLOO REGION (ALL Areas, Single-Detached Only)	Apr 2011	Apr 2010	%CHANGE 10/11	Mar 2011	%CHANGE Mar/Apr
UNITS SOLD	280 SOLD	341 SOLD	-17.9%	265	+5.7%
AVERAGE PRICE SOLD	$354,906	$328,859	+7.9%	$345,336	+2.8%
AVERAGE DAYS ON MARKET	53 DAYS	43 DAYS	+25.6%%	43	+25.6%
MEDIAN SALE PRICE	$324,000	$295,000	+9.8%	$305,000	+6.2%
SALE PRICE TO LIST PRICE RATIO	98.8%	98.5%	+0.3%	98.4%	+0.3%

The above information is believed to be correct errors and ommissions accepted

April sales were down and it could have been related to buyers being pre-occupied with the Federal Election, Royal Wedding and the wet weather. We will have to see what the rest of May brings. The weather so far has been great and we are getting busier with our clients. We will have to see how the rest of the month goes.

What is Median Sale Price? (Reference Wikipedia)

If we take 7 houses that were sold and sort their prices from lowest to highest in 1000s of Canadian Dollars.

225, 250, 275, 280, 300, 330, 350

Median price is 280, because it is right in the middle of the range – there are 3 prices that are lower and 3 prices that are higher.

How median price is different from average price?

To calculate average price we have to sum all of the prices and then divide by the number of units sold, therefore

Average price = (225 + 250 + 275+ 280 + 300 + 330 + 350) / 7 = approximately 287

What median price shows?

Kitchener Waterloo Real Estate Board Statistics for April 2011

2011-05-11T17:09:00.000-07:00

Kitchener Waterloo Real Estate Board Statistics for April 2011

By Warren McNeil

Kitchener Waterloo Real Estate Board Statistics for April 2011

Single Family Detached Homes only

WATERLOO REGION (ALL Areas, Single-Detached Only)	Apr 2011	Apr 2010	%CHANGE 10/11	Mar 2011	%CHANGE Mar/Apr
UNITS SOLD	280 SOLD	341 SOLD	-17.9%	265	+5.7%
AVERAGE PRICE SOLD	$354,906	$328,859	+7.9%	$345,336	+2.8%
AVERAGE DAYS ON MARKET	53 DAYS	43 DAYS	+25.6%%	43	+25.6%
MEDIAN SALE PRICE	$324,000	$295,000	+9.8%	$305,000	+6.2%
SALE PRICE TO LIST PRICE RATIO	98.8%	98.5%	+0.3%	98.4%	+0.3%

The above information is believed to be correct errors and ommissions accepted

What is Median Sale Price? (Reference Wikipedia)

If we take 7 houses that were sold and sort their prices from lowest to highest in 1000s of Canadian Dollars.

225, 250, 275, 280, 300, 330, 350

Median price is 280, because it is right in the middle of the range – there are 3 prices that are lower and 3 prices that are higher.

How median price is different from average price?

To calculate average price we have to sum all of the prices and then divide by the number of units sold, therefore

Average price = (225 + 250 + 275+ 280 + 300 + 330 + 350) / 7 = approximately 287

What median price shows?

[FOR SALE] 35-28 Underhill Cr, Kitchener On - $189,900

2011-05-11T14:03:00.000-07:00

Family Fun Weekend - Grand River Amazing Race Event July 23, 2011

2011-05-03T12:57:00.001-07:00

By Warren McNeil,

As some of you know, Melanie and I are members of the Woolwich Kin club. This year we are putting on an amazing event in support of Womens Crisis Services. This event will take place on July 23, 2011. If you are a fan of the Amazing Race then this event will definitely be for you. You can also spend the whole weekend camping if you like. There will be many other activities as well. The event will take place at the West Montrose Family Camp. Check out this video to find out more information and if you would like to register then go here!

Click Here to Register

[Picture of the Day] High Gas Prices in Kitchener Waterloo

2011-04-28T09:32:00.001-07:00

Woke up this morning and was surprised to see that gas prices have gone up again. I wonder how high they will go. It costs me $80 to fill my tank now. Time to get a bicycle :)

Move In Ready Home - EastForest Homes

2011-04-27T07:21:00.001-07:00

Did you know that we can help you with new construction??

Are you in the market for a home but can't find what you are looking for in a resale home? Have you thought about building but don't want to wait for the build process? Eastforest homes may already have the new home that you are looking for with something they call, "Move-in-Ready homes". EastForest homes is a reputable building in the Waterloo Region.

via http://www.hightechagent.ca

How Many Houses Should A Buyer Look At Before Buying

2011-04-18T20:43:00.001-07:00

http://www.teammcneil.com - A couple of years ago I was working with a buyer. She only looked at a couple of houses and she found one she really liked. She was nervous because she was afraid she would regret it if she bought too quickly. She felt that she had to look at more houses. I did research on the property for her and we discovered that the house she liked was really good value. She decided to buy the house.

Did a video about buyers who are nervous about buying a house too early in the search process because they feel they didn't look at enough houses. The first house you look at could be the best house or it could take 20 before you find the right one.

Check it out!!

Picture of the Day - Can you believe this weather???

2011-04-17T08:33:00.001-07:00

It is snowing on April 17 in Kitchener Waterloo!! Can't say that I like that!

Posted with WordPress for BlackBerry.

[OPEN HOUSE] Sunday April 17th 2-4pm - #303-3267 King St E, Kitchener ON

2011-04-11T22:28:00.001-07:00

Meticulously maintained 2 bedroom 2 bath condo with balcony overlooking trees.Features include ensuite bath, in-suite laundry, walk-in closet, central air conditioning, all appliances and underground parking. Carpet free with laminate and ceramic floors. Ideal for investors or seniors who are looking for zero maintenance. Quick access to 401, bus routes and Fairview Park Mall. Excellent Value! - View Listing

We are doing an open house Sunday 2-4...

2011-04-09T06:28:00.001-07:00

We are doing an open house Sunday 2-4pm at 303-3267 King St E, Kitchener. Please drop by and say hi! http://ow.ly/4wFGV

[OPEN HOUSE] Sunday April 10th 2-4pm - #303-3267 King St E, Kitchener ON

2011-04-08T21:05:00.001-07:00