Shartun heads KW Real Estate Board
KW Area Housing Board Sales Report April 2008
According to the report, housing sales decreased for the third month in a row in April in Kitchener and Waterloo, but prices continued to climb. Specifically, a total of 691 residential dwellings were sold last month, a drop of 2.9 per cent compared to the 712 sold in April of 2007.
The average sale price of a house was $261,865, up 6% compared to April of 2007.
Karen Shartun, board president reports that the local real estate market continues to be healthy.
"Sales of residential properties in April continued to be solid, though they are indicative of the fact the record-setting pace of last year could not be sustained," she said.
So while growth is slowing, housing prices continue to increase at a nice rate in the area. Accordingly, most individuals are experiencing growth in the value of their homes which continues to outpace the interest rate paid on their mortgage. In other words, it pays to have a mortgage, and this is forecasted to continue over the long term.
Kitchener Waterloo Real Estate Market Update: October 2009
By Benjamin Bach on November 13, 2009 in Featured Post, Local Kitchener Waterloo, Real Estate Investment
Busy busy month! The summer and fall of 2009 has been very busy in Kitchener Waterloo, Ontario. Real Estate sales are almost at the same level as last year, and volume is up dramatically from the same time last year. Here is what the press release from the Kitchener Waterloo Real Estate Board says:
A new record for residential sales was set in October as MLS homes sales to the end of October reached 579 units. That a 40.5 percent increase from October 2008 and the second consecutive month that sales set a monthly record.
October was an especially busy month for local REALTORS according to Karen Shartun, President of the Kitchener-Waterloo Real Estate Board (KWREB). Last month results represent the largest month over-month increase we've seen all year, and now overall residential unit sales have practically caught up to 2008 figures on a year-to-date basis.