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News Story Friday, July 23, 2021

June real estate stats are hot! However, inventory continues to be a problem, as demand for housing from buyers still outpaces supply.

June real estate stats are hot!
However, inventory continues to be a problem, as demand for housing from buyers still outpaces available supply.
Demand for housing in our region has never been higher, and there simply isn’t enough turnover in established neighbourhoods nor adequate volume in new housing starts to keep up.

In Kitchener-Waterloo, the average sale price of all residential properties stands at $759,115 – up by more than 2.5% since May, and an increase of 26.4% over last year’s average. The bulk of this momentum is made up by particularly strong numbers in the traditional single-detached segment, with an average sale price of nearly $920,000 – an increase of 5.9% since last month alone and a whopping 31.9% since the same time last year.

Thinking of taking advantage of this seller's market?
Contact Mike Bolger at (519) 616-2656.
I have buyers from the GTA looking for homes.

#realestatenews


Interesting opinion article published by the Toronto Sun on betting against the real estate market.

Brynn Lackie talks about the real estate market.
 
When the lockdown first hit, it seemed incomprehensible that the market would continue.
But it did. Buyers came out in droves, competing fiercely with one another and driving prices through the roof.
Few could have predicted that
 
Buyers barely missed a beat. The world shut down and they simply found themselves masks and gloves and asked when they could get into see properties they saw potential in. It was astounding.
 
What do you think? Let me know!
 
https://bit.ly/2TAzao1

#realestatenews#realestate


CTV News published a story about a family who waived a home inspection.

𝐍𝐨 𝐡𝐨𝐦𝐞 𝐢𝐧𝐬𝐩𝐞𝐜𝐭𝐢𝐨𝐧 𝐜𝐨𝐬𝐭 𝐭𝐡𝐢𝐬 𝐟𝐚𝐦𝐢𝐥𝐲 💲💲💲.

Leigh Gate, president of the Ontario Association of Home Inspectors, said in a hot real estate market, buyers may be asked to waive an inspection, but he said doing so can be extremely risky.

He also said it’s a “big red flag” when sellers want to waive a home inspection.

Lisa Song said they had to install water holding tanks and other equipment in their basement at a cost of $10,000.

"It's going to cost me another $120,000 to replace the septic," Song said. "I almost fell to pieces knowing I would have to get a mortgage to fix the septic."

Song said there are other bills to repair leaks in the basement, which include installing waterproofing and having repeated visits from experts trying to diagnose problems.

Article here

https://bit.ly/3vSj8To

#homeinspection#realestatenews


News Story Monday, June 21, 2021

The latest K-W real estate market stats are listed for you on my blog along with a few local events to help keep yourself busy.

Also, multigenerational living is on the rise as it provides solutions to a variety of social and financial obstacles so this month’s article examines the pros and cons of sharing a home with extended family.

Finally, there are some great ideas on how to create and maintain a lush green lawn, as well as a delicious summer recipe for the grill that everyone will enjoy!

Please reach out if you ever have any questions about real estate, even if it’s just to find out what the house down the street sold for – it’d be great to hear from you!

(519) 616-2656
https://www.mikebolger.ca/article/139/kitchener-waterloo-real-estate-market-june-2021.html

#realestatenews


News Story Friday, May 07, 2021

The April 2021 KW real estate stats are out!!! It's kinda crazy... Check out these stats!

😮↓↓↓

The average sale price up over 34% since April 2020
More than 843 homes sold.
There were 1,098 new listings in April.

I still have buyers from the GTA begging me to find them new listings.
Sell your home quickly and for top market value.

Plus, I'll help you find your new home.
Call Mike Bolger at (519) 616-2656.

#realestatenews


News Story Monday, April 19, 2021

I just published my real estate market report for April 2021.

↓↓↓

If you’re selling your home, a positive first impression will make a huge impact on your selling price, so this month’s article shares some simple tips on how to prepare your home for a successful sale!

There are also a few ideas on how to celebrate Earth Day this April 22nd, along with a handy home hack that'll help rid your home of pet hair.

Also, find the latest K-W real estate market stats.

Just reach out if there’s a particular area (or house) you’d like more details on.
Call Mike Bolger at (519) 616-2656.

https://www.mikebolger.ca/article/134/kitchener-waterloo-real-estate-market-april-2021.html

#realestatenews


News Story Wednesday, April 07, 2021

The March 2021 KW real estate stats are out!!! It's kinda crazy... Check out these stats!

😮↓↓↓

The average sale price up over 30% since March 2020
The market for semis has absolutely exploded since last March - up nearly 200% in this segment.
Apartment-style condos continue to sell at a strong pace – up over 80% since March 2020
It's the first time KWAR has ever seen more than 900 homes sold in a single month (993).
There were 1,359 new listings in March – nearly 65% more than the 10-year average per month in our market.

I have buyers begging me to find them new listings.
Sell your home quickly and for top market value.
Plus, I'll help you find your new home.
Call Mike Bolger at (519) 616-2656.

#realestatenews





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