Posts Tagged ‘rizsellskw.com’
Tuesday, March 5th, 2024
Waterloo Region Home Sales Sluggish in February, Prices Steady
If you are considering to Sell your home or Buy a home in the next short while it would be highly beneficial for you to connect with one of our Team Agents at
Do you want to know what your home is worth today? Click Below for our Online No Obligation Market Evaluation
Tags: buyers, for sale, Homes For Sale, KW Market Update, Market Update, real estate, real estate market, realtor, riz jadavji, rizsellskw.com, Royal Lepage Wolle Realty, sales representative, the riz team, Waterloo Buyers, waterloo real estate, Waterloo Sellers
Posted in Kitchener Buyers, Kitchener Sellers, Market Stats, Market Update, Real Estate News, Realtor Tips, Waterloo Buyers, Waterloo Sellers | Comments Off on Kitchener Waterloo Market Snapshot February 2024
Tuesday, December 5th, 2023
Waterloo Region Home Sales Cool in November
This article will provide a comprehensive snapshot of the KW real estate market for October 2023.
“Last month, the number of homes sold followed their typical pattern of cooling to match the weather, but with consumer confidence continuing to drop, we saw sales slump to their lowest level for November in over a decade,” says Christal Moura, president of WRAR. “With many still waiting to see what happens with interest rates in the months to come, homes are taking a little longer to sell, there’s more inventory on the market, all contributing to sale prices levelling off.”
If you are considering to Sell your home or Buy a home in the next short while it would be highly beneficial for you to connect with one of our Team Agents at
Do you want to know what your home is worth today? Click Below for our Online No Obligation Market Evaluation
Tags: Homes For Sale, Kitchener Buyers, kitchener real estate, kitchener-waterloo, kitchener-waterloo association of realtors, KW Market Update, Market Update, rizsellskw.com, Royal Lepage Wolle Realty, the riz team, Waterloo Homes, Waterloo Sellers
Posted in Kitchener Buyers, Kitchener Sellers, Market Stats, Market Update, Real Estate News, Realtor Tips, Waterloo Buyers, Waterloo Sellers | Comments Off on Kitchener Waterloo Market Snapshot November 2023
Wednesday, October 4th, 2023
Surge of New Listings in September Against Low Number of Sales
This article will provide a comprehensive snapshot of the KW real estate market for September 2023.
“The number of homes sold last month was very close to last year’s decade-low for the month of September,” says Megan Bell, president of WRAR. “At the same time, we had a record number of new listings for the month of September.”
If you are considering to Sell your home or Buy a home in the next short while it would be highly beneficial for you to connect with one of our Team Agents at
Do you want to know what your home is worth today? Click Below for our Online No Obligation Market Evaluation
“There was a significant surge of new listings in September, resulting in the largest number of homes being on the market since March 2016,” said Bell. “For buyers with the financing to be house hunting in September, they would have found more favourable conditions in terms of supply than we have seen in a while.”
At the same time, WRAR’s president points to the recent poll the association conducted, which shows over one-quarter of Waterloo Region residents are considering moving to a more affordable location.
“WRAR recently released a report highlighting that Waterloo region’s residents are struggling under the affordability crisis, with four in ten reporting that they live in housing that is unaffordable,” said Bell.
Local REALTORS® call for action to build more missing middle housing as nearly 4 in 10 (38%) residents report living in unaffordable homes.
There were 1,400 new listings added to the MLS® System in Waterloo Region last month, an increase of 52.3 per cent compared to September of last year and a 30.5 per cent increase compared to the previous ten-year average for September.
The total number of homes available for sale in active status at the end of September was 1,448, an increase of 48.8 per cent compared to September of last year and 9.5 per cent above the previous ten-year average of 1322 listings for September.
There were 2.6 months of inventory at the end of September, an 85.7 per cent increase compared to last year and 34.7 per cent above the previous 10-year average. The number of months of inventory represents how long it would take to sell off current inventories at the current sales rate.
The average number of days to sell in September was 18, compared to 23 days in September 2022. The previous 5-year average is 20 days.
With the next scheduled Bank of Canada interest rate announcement set for October 25, buyers might be on the sidelines, waiting to see what unfolds. WRAR understands that some buyers may be unsure about their next steps. That’s why we encourage these buyers to reach out to local Realtors who can provide them with valuable insights about the current state of the local market and cater to their specific needs.
View our HPI tool here to learn more: https://wrar.ca/hpi/
Tags: buyers, for sale, Homes For Sale, Kitchener Homes, kitchener real estate, kitchener-waterloo, kitchener-waterloo association of realtors, Market Update, riz jadavji, rizsellskw.com, Royal Lepage Wolle Realty, sales representative, the riz team, waterloo, Waterloo Buyers, Waterloo Homes, waterloo real estate, waterloo realtor, Waterloo Sellers
Posted in Kitchener Buyers, Kitchener Sellers, Market Stats, Market Update, Real Estate News, Realtor Tips, Waterloo Buyers, Waterloo Sellers | Comments Off on Kitchener Waterloo Market Snapshot September 2023
Wednesday, October 5th, 2022
Fewer Home Sales in October
“Unsurprisingly, the pace of home sales continued to slow in October after the Bank of Canada’s sixth straight interest rate hike in September,” says Megan Bell, President of WRAR. “Faced with higher borrowing costs, some buyers have had to re-assess what they can afford. As these buyers get moved to the sidelines, sellers question if now is the best possible time to sell.”
If you are considering to Sell your home or Buy a home in the next short while it would be highly beneficial for you to connect with one of our Team Agents at
Do you want to know what your home is worth today? Click Below for our Online No Obligation Market Evaluation
Tags: buyers, kitchener, Kitchener Buyers, kitchener real estate, Kitchener Sellers, kitchener-waterloo, kitchener-waterloo association of realtors, KW Real Estate, Market Stats, real estate, rizsellskw.com, sellers, the riz team, TheRizTeam, waterloo real estate
Posted in Enhance Your Home, Kitchener Buyers, Kitchener Sellers, Market Stats, Market Update, Real Estate News, Realtor Tips, Uncategorized, Waterloo Buyers, Waterloo Sellers | Comments Off on Kitchener Waterloo Market Snapshot October 2022
Wednesday, September 7th, 2022
Rising Borrowing Costs Continue to Tame Home Sales in August
“The decline was most pronounced in the apartment-style condo and townhouse categories which could indicate that rising borrowing costs are having a greater impact on first-time buyers and those looking for more affordable options.”
If you are considering to Sell your home or Buy a home in the next short while it would be highly beneficial for you to connect with one of our Team Agents at
Do you want to know what your home is worth today? Click Below for our Online No Obligation Market Evaluation
Tags: buyers, kitchener, Kitchener Buyers, kitchener real estate, Kitchener Sellers, kitchener-waterloo, kitchener-waterloo association of realtors, KW Real Estate, Market Stats, real estate, rizsellskw.com, sellers, the riz team, TheRizTeam, waterloo real estate
Posted in Enhance Your Home, Kitchener Buyers, Kitchener Sellers, Market Stats, Market Update, Real Estate News, Realtor Tips, Uncategorized, Waterloo Buyers, Waterloo Sellers | Comments Off on Kitchener Waterloo Market Snapshot August 2022
Friday, August 5th, 2022
“In the wake of July’s interest rate hike, home sales in Waterloo Region continued to slow,” says Megan Bell, President of WRAR. “We’re seeing a clear shift in the market and what people can afford to purchase or are willing to pay. On the bright side for buyers, it’s not the extreme sellers’ market it was.”
If you are considering to Sell your home or Buy a home in the next short while it would be highly beneficial for you to connect with one of our Team Agents at
Do you want to know what your home is worth today? Click Below for our Online No Obligation Market Evaluation
WATERLOO REGION, ON (August 5, 2022) — 550 residential homes were sold through the Multiple Listing Service® (MLS®) System of the Waterloo Region Association of REALTORS® (WRAR) in July, a decrease of 32.8 per cent compared to July 2021, and 32.3 per cent below the previous 5-year average for the month.
Tags: buyers, kitchener, Kitchener Buyers, kitchener real estate, Kitchener Sellers, kitchener-waterloo, kitchener-waterloo association of realtors, KW Real Estate, Market Stats, real estate, rizsellskw.com, sellers, the riz team, TheRizTeam, waterloo real estate
Posted in Kitchener Buyers, Kitchener Sellers, Market Stats, Market Update, Real Estate News, Realtor Tips, Waterloo Buyers, Waterloo Sellers | Comments Off on Kitchener Waterloo Market Snapshot July 2022
Wednesday, July 6th, 2022
HOME PRICES CONTINUE TO DIP AS MONTHS SUPPLY RETURNS TO PRE-PANDEMIC LEVEL
If you are considering to Sell your home or Buy a home in the next short while it would be highly beneficial for you to connect with one of our Team Agents at
Do you want to know what your home is worth today? Click Below for our Online No Obligation Market Evaluation
The Riz Team monthly market stats June 2022. Kitchener Waterloo, ON.
There were 561 residential homes sold through the Multiple Listing Service® System (MLS® System) of the Kitchener-Waterloo Association of REALTORS® (KWAR) in June, a decrease of 24.0 per cent compared to the same month last year, and 17.3 per cent below the previous 5-year average. “For the fourth consecutive month we’re seeing home prices moderate as the number of properties available for sale has steadily increased” says Megan Bell, President of KWAR. “In June the average price of a detached home has levelled off to where it was this time last year.”
Total residential sales in June included 326 detached (down 20.7 per cent from June 2021), and 103 townhouses (down 32.2 per cent). Sales also included 84 condominium units (down 18.4 per cent) and 48 semi-detached homes (down 33.3 per cent).
In June, the average sale price for all residential properties in the Kitchener-Waterloo area was $791,674. This represents a 4.2 per cent increase over June 2021 and a 9.6 per cent decrease compared to May 2022.
- The average price of a detached home was $920,349. This represents a 0.0 per cent change from June 2021 and a decrease 9.5 per cent compared to May 2022.
- The average sale price for a townhouse was $662,305. This represents a 11.9 per cent increase from June 2021 and a decrease of 6.5 per cent compared to May 2022.
- The average sale price for an apartment-style condominium was $497,429. This represents an increase of 11.7 per cent from June 2021 and a decrease of 8.9 per cent compared to May 2022.
- The average sale price for a semi was $710,284. This represents an increase of 9.5 per cent compared to June 2021 and a decrease of 2.8 per cent compared to May 2022.
KWAR cautions that average sale price information can be useful in establishing long-term trends but should not be used as an indicator that specific properties have increased or decreased in value. The MLS® Home Price Index (HPI) provides the best way to gauge price trends because averages are strongly distorted by changes in the mix of sales activity from one month to the next.
The MLS® HPI composite benchmark price for all residential properties in Kitchener-Waterloo was $790,600 in June. This represents a 6.8 per cent increase over June 2021 and a 6.8 per cent decrease compared to May 2022.
- The benchmark price for a detached home was $876,600. This represents a 5.3 per cent increase from June 2021 and 7.3 per cent decrease compared to May 2022.
- The benchmark price for a townhouse is $676,900. This represents a 15.8 per cent increase from June 2021 and a 7.1 per cent decrease compared to May 2022.
- The benchmark price for an apartment-style condominium was $537,100. This represents a 24.2 per cent increase from June 2021 and a 2.4 per cent decrease compared to May 2022.
“This time last year, sales were going through the roof,” says Bell. “The home buying scene is a little different this year with folks finally taking their postponed trips, attending weddings, and generally catching up on the many missed occasions of the past two years.” Of course, recent hikes in mortgage rates are also contributing to sales cooling, notes KWAR’s president.
“While any shift in the market will result in some individuals predicting the worse, the simple reality is that the market we had been in was unsustainable,” says Bell. “What this means for buyers is more inventory, more choices, and perhaps most importantly, potentially less stress when purchasing. For sellers, they need to ensure their properties stand out from the competition and be aware it may take more time to sell their home and for potentially less money than they were expecting.”
There were 1,285 new listings added to the MLS® System in KW and area last month, an increase of 49.2 per cent compared to June of last year, and a 41.7 per cent increase compared to the previous ten-year average for June.
The total number of homes available for sale in active status at the end of June was 991, an increase of 165.0 per cent compared to June of last year, and 20.6 per cent below the previous ten-year average of 1249 listings for June.
The number of months of inventory increased to 1.8 months in June from 1.6 months in May. While inventory is still at historic lows, this is the highest it’s been since September 2019 and a return to where inventory was in the pre-pandemic June of 2019. The number of months of inventory represents how long it would take to sell off current inventories at the current rate of sales.
The average number of days to sell in June was 13 days, compared to 11 days in June 2021. The previous 5-year average is 17 days.
Those requiring specific information on property values should contact a local REALTOR®. Working with a Realtor is the best way to get a complete picture of the property and community you are considering.
View our HPI tool here to learn more: https://kwar.ca/hpi-dashboard
Historical Sales By Property Type
Months Supply of Homes for Sale
Historical Median Sales Price – By Property Type
Historical Average Sales Price – By Property Type
Average Days on Market
KWAR cautions that average sale price information can be useful in establishing long term trends but should not be used as an indicator that specific properties have increased or decreased in value. The average sale price is calculated based on the total dollar volume of all properties sold. Months Supply is the inventory of homes for sale at the end of a given month, divided by the average monthly closed sales from the last 12 months Those requiring specific information on property values should contact a local REALTOR®. REALTORS® have their fingers on the pulse of the market. They know the questions to ask, the areas to probe and what to look for so that you get a complete picture of the property and community you’re considering.
Tags: buyers, kitchener, Kitchener Buyers, kitchener real estate, Kitchener Sellers, kitchener-waterloo, kitchener-waterloo association of realtors, KW Real Estate, rizsellskw.com, TheRizTeam, waterloo real estate, www.rizsellskw.com
Posted in Enhance Your Home, Kitchener Buyers, Kitchener Sellers, Market Stats, Market Update, Real Estate News, Realtor Tips, Uncategorized, Waterloo Buyers, Waterloo Sellers | Comments Off on Kitchener Waterloo Market Snapshot June 2022
Monday, July 27th, 2015
Screen doors let the breeze in and keep the bugs out. They open your home to the sounds and scents of summer, and help cool your house without wasting energy on air conditioning. Want to let in a little more summer this year? Here’s what you need to know about picking the perfect door.
Screen doors have come a long way from the hard-to-open metal models and flapping wood doors of your childhood. Available in metal, vinyl or wood, many feature smooth hydraulic or pneumatic closers and springs or chain stops that keep them from slamming shut or swinging open. Designed for both practicality and curb appeal, doors are available in a wide variety of colours, styles and finishes. Your choices include:
1. Basic vinyl or aluminum. Durable and affordable, these doors come in a surprising variety of attractive styles; you’ll find everything from traditional designs to art deco-inspired geometrics.
2. Storm/screen door combo. Traditionally, people replace the screen door with a storm door in the winter. A combination door makes the “swap” easier; simply remove or slide the glass down in summer and replace it with a screen.
3. Wood. From rustic doors featuring carved animals to pretty “granny doors,” wood can really add to the look of your home. However, winter cold and damp can be hard on them, so manufacturers suggest that you take them down when it gets cold to prevent warping.
4. Sliding. Inexpensive and easy to maintain, sliding screen doors that go with patio doors make it easy to open up your home to a fresh breeze.
5. Retractable screens. If you don’t like the look of a screen door, these are a great option, and are available at your local home improvement store. Screens pull out from the sides and lock shut with a magnetic catch. Handy homeowners will be able to install them with little effort.
With the right screen door for your home, comfort and curb appeal are a breeze!
Tips for installation
Thinking about installing your screen door yourself? Manufacturers include installation instructions that only require hand tools, but most DIY resources suggest an intermediate level of “handiness.” If that doesn’t sound like you, consider using an experienced carpenter or the store’s installation service.
Condo Cool
You don’t have to live in a house to kick back and enjoy the breeze. Welcome summer into your space by installing a screen door to your balcony. It’s a great way to make your indoor and outdoor spaces feel unified and to make your condo feel more spacious.
Tags: buyers, for sale, home sales, Homes For Sale, kitchener, Kitchener Buyers, kitchener for sale, Kitchener Homes, kitchener real estate, kitchener realtor, kitchener-waterloo, kitchener-waterloo association of realtors, riz jadavji, Riz Sells KW, rizsellskw, rizsellskw.com, royal lepage, Royal Lepage Wolle Realty, Waterloo Buyers, waterloo for sale, Waterloo Homes, waterloo real estate, waterloo realtor, Waterloo Sellers, www.rizsellskw.com
Posted in Enhance Your Home, For Sale, From The Riz Team, Kitchener Buyers, Kitchener Sellers, Realtor Tips, Uncategorized, Waterloo Buyers, Waterloo Sellers | Comments Off on Screen Door Decor
Tuesday, July 7th, 2015
What goes under foot is seldom an easy decision. Colour, surface texture, room usage and price all come into play. Today, greener options abound, adding to the myriad of choices already available.
Increasing interest in incorporating renewable resources into the home has resulted in many beautiful eco-friendly flooring options.
For homeowners looking on the greener side, it’s worth a look at the many sustainable products available today:
• Give a tree another lease on life with salvaged wood flooring. A rustic look can be created with reclaimed wood. Buying reclaimed lumber continues to get easier, and in some instances, less expensive relative to the cost of new hardwoods.
• Bamboo is a good option for rooms with low humidity. High abundance and a natural look make sustainable bamboo an attractive flooring option. Bamboo grows to maturity in three to five years, about a quarter of the time it takes to grow trees used for hardwood.
• Linoleum flooring has retained its popularity over decades. Unlike vinyl flooring, which is a synthetic product made of chlorinated petrochemicals, linoleum is manufactured from natural compounds including linseed oil, cork dust, tree resins and ground limestone. With natural, renewable elements used in its manufacturing, this eco-friendly flooring option continues to remain a popular option.
• Cork flooring has many eco-friendly attributes. Like bamboo, cork is quickly renewable. It is harvested from the bark of the cork oak tree and grows back every three years. Cork has anti-microbial properties to reduce allergens, is fire retardant and provides a comfortable feel under foot. Cork flooring can be finished in a variety of paints and stains to complement any room setting.
• Polyester (P.E.T.) Berber carpet is a sustainable option made of recycled plastic bottles. Anytime we can reuse these materials, we reduce the amount of new materials being manufactured and we reduce non-biodegradable materials in our landfills. Polyester Berber is spill resistant and comes in a variety of aesthetically – pleasing colours and patterns.
Whatever your home’s style or design, an eco-friendly flooring option exists to complement the desired look and existing patterns.
Tags: buyers, easy home improvement tips, for sale, home, home sales, home staging, Homes For Sale, house, housing, kitchener, Kitchener Buyers, kitchener for sale, Kitchener Homes, kitchener real estate, kitchener realtor, Kitchener Sellers, kitchener-waterloo, kitchener-waterloo association of realtors, kw, MLS, preparing to sell, real estate, real estate market, realtor, riz jadavji, Riz Sells KW, rizsellskw.com, royal lepage, Royal Lepage Wolle Realty, seller's tips, waterloo, waterloo real estate, waterloo realtor, Waterloo Sellers, www.rizsellskw.com
Posted in Enhance Your Home, For Sale, From The Riz Team, Kitchener Buyers, Kitchener Sellers, Real Estate Listings, Real Estate News, Realtor Tips, Uncategorized, Waterloo Buyers, Waterloo Sellers | Comments Off on Flooring choices on the greener side!
Monday, June 29th, 2015
Canada Day Local Events
Canada Day @ Waterloo Region Museum (DOON)
9:30 a.m. to 5:00 p.m. FREE Admission! Waterloo Region Museum is throwing a party to celebrate Canada Day and everyone is invited! Admission is FREE to the museum and Doon Heritage Village for this fun family event including musical entertainment, fun games like croquet and horseshoes. Guests bring your own picnic lunch or purchase a tasty BBQ lunch.
Columbia Lake Events starting at 4:00 P.M
~ featuring Bobs & LoLo and TVOKids host Gisele
~ featuring live performances by The Strumbellas and Kim Mitchell
~including face painting, water slide, inflatable rides and more
~featuring Waterloo Brewing Co. and a diverse range of local food vendors
~Fireworks finale at 10 p.m.
Kitchener City Hall
Come celebrate Canada Day with us in Downtown Kitchener from 4 p.m. – 11 p.m. This exciting celebration will feature live Canadian entertainment, fireworks from the roof top of Kitchener City Hall, a licensed beer garden, downtown vendors to satisfy your hunger, and much more!
Tags: buyers, home sales, Homes For Sale, kitchener, Kitchener Buyers, Kitchener Homes, kitchener real estate, kitchener realtor, Kitchener Sellers, kitchener-waterloo, kitchener-waterloo association of realtors, kw, Riz Sells KW, rizsellskw.com, royal lepage, Royal Lepage Wolle Realty, Waterloo Buyers, www.rizsellskw.com
Posted in Kitchener Buyers, Kitchener Sellers, Local Events, News From the City, Real Estate News, Uncategorized, Upcoming Events, Waterloo Buyers, Waterloo Sellers | Comments Off on Canada Day July 1st, 2015