Your search results

Summer Real Estate Market: Records Continue

Posted by John Benjamins on September 8, 2016
| 0

Historically, the month of August is a slower time for the real estate market in Kitchener-Waterloo. Families are off on vacations and Buyer traffic tends to slow on listings. Not so for 2016, the month of August established a new record for local sales volume. Meanwhile, the average residential sale price increased by 15% compared to 2015. For the month of August, single detached homes saw the largest increase (20.9%) in value compared year-over-year. Those types of numbers seem more familiar in Toronto market reports but have become more frequent in Waterloo Region this year.

real estate market

The months of May and June also included local record setting sales volume with significant value increases. In fact, the first half of 2016 saw an 18.6% increase in residential sales volume over 2015 and that is also up over 22% for the five-year average. The month of July although not record setting was still the most active July for our market since 2008.

What’s driving the value surge? Listing inventory is 46% below average levels. There are simply less homes available to purchase and this effects the single detached market the most. The new foreign buyer’s tax in BC may be sending more investors to Toronto and likewise the Waterloo Region. Anecdotally, Benjamins Realty Inc. has fielded a noticeable increase in inquiries from foreign nationals who are interested in our local real estate market. Waterloo Region continues to be an excellent place to own residential real estate. Prospective Sellers can expect a fast paced market with competing interest for their property likely.

Write a Reply or Comment

Recent Posts


Should You Choose Benjamins Realty Inc?

Around Benjamins Realty Inc all of us take being a real estate agent quite earnestly. We recognize that undoubtably when people are searching for a world-class real estate agent in Waterloo they need the finest. Certainly we will struggle to truly be the best real estate agent we possibly can be within Ontario. It really is our resolve to truly remaining the finest that has garnered us all this good esteem here with our own consumers.

Being a world-class real estate agent in Waterloo we all furthermore always attempt to commit to hear all our clients problems with extreme patience and without waiting. All of us of course go to the effort. All of us believe it's incredibly crucial to ensure buyers really feel understood and of course looked after.

There are truly not numerous real estate agent who own the exact expertise and experience to market theirselves as a pioneer in their industry. Mix that with our increased amount of purchaser service and we certainly really feel we're the finest world-class real estate agent in Waterloo inside Ontario.

Dying to get moving?

It gets underway with a quick call.

Phone (519) 575-9092.

We will be pleased to go over all your present real estate agent requirements at length on the telephone or via e mail if perhaps that is better for your needs. Following that we can propose the remedy which best satisfies your present goals. Find out why people now refer to us as the most effective world-class real estate agent in Waterloo!

Continue to Require Enticing? Some Other Arguments Why Benjamins Realty Inc is truly A Realtor In Kitchener

Commitment to High-Quality - A Realtor In Waterloo and A Real Estate Agent In Kitchener

Our commitment to higher quality is definitely incredibly substantial. When you're trying to become a world-class real estate agent in Waterloo or a world-class real estate agent in Waterloo, there's truly no other route but to give it your best possible in order to shine. Whenever any specific buyer will take more work, we grant this valued purchaser more work. Just about anything for us to be confident they will be happy with all of us as a real estate agent. Do remember, we do support just about all of Ontario, and so you should call.

Dedication - A Real Estate Agent In Waterloo and A Real Estate Listing Service In Kitchener

Our own consumers have indeed identified us all as a world-class real estate agent in Waterloo, a world-class real estate agent in Waterloo, a world-class real estate agent in Waterloo and the finest Ontario headquartered real estate agent you will discover! Really this doesn't transpire if you're lacking extremely hard toil and also investment in the businesses customers plus the quality bestowed in your product. When you're looking around to get a world-class real estate agent in Waterloo, all of us truly believe we are the most effective pick. Call Benjamins Realty Inc to explain your expections immediately! (519) 575-9092.

Skill - A Real Estate Listing Service In Waterloo and A World-class Real Estate Agent In Waterloo

Within most any niche, skill is a big component affecting final results. If you will be searching for a world-class real estate agent in Waterloo, then this fact will be still more correct. With being a real estate agent, we all can explain to you in person how the quality is categorically driven from the practical experience of the corporation that you're hiring. The very substantial volume of practical knowledge that Benjamins Realty Inc provides being a world-class real estate agent in Waterloo, is undoubtedly the reason you actually should trust us all with your valued patronage. In case you happen to be shopping to get a world-class real estate agent in Waterloo, consider Benjamins Realty Inc. Please contact us all today.

Reach out ASAP to Get a Absolutely Free Appointment!

We can't get out-priced. Don't pay higher rates merely because you neglected to consult with us all. Think you are getting an amazing value currently? Need to be absolutely totally sure? Talk to any of us. You could simply just realize that we are in truth the better quote. Many customers have previously.

Figuring out just what real estate agent to use is a crucial task. Make an educated plan. Why not make contact with us with simply no requirement to know yourself if we all are actually the most effective real estate agent for you.

Call Today!

(519) 575-9092 [/BREAK]

Contact Us

  • This field is for validation purposes and should be left unchanged.