The Call Hammer Logo

Kitchener Waterloo September Real Estate Update 2012

February 2013 
Call Hammer Realty Newsletter
Monthly update
In This Issue
Update Local Activity
Quick Links
 
Greetings!
Happy New Year!  We hope everyone had a good holiday season.  We are back to work and looking forward to a prosperous year!  The Best Compliment You Can Give Me Is The Referral of Your Friends and Family!  Call Hammer anytime 519-772-3759.

KW home sales maintain steady pace

 

 

KITCHENER-WATERLOO, ON (February 5, 2013) -- Residential sales through the Multiple Listing Service (MLS® System) of the Kitchener-Waterloo Association of REALTORS® (KWAR) were down slightly in January compared to the same month last year.

 

There were a total of 337 residential properties sold last month, a 2.3 percent decrease compared to the same month last year, and a 23.9 percent increase from December 2012.

 

"January's sales were in line with the 10-year average for our area," Dietmar Sommerfeld, President of the KWAR points out.

 

January's residential sales included 237 detached homes (up 6.8 percent compared to January 2012) 49 condos (down 34.7 percent), 24 semis (up 14.3 percent), and 26 freehold townhouses (up 4 percent).

 

Residential sales between $250 and $349,999 were strong showing a 32 percent (157 vs. 119 units) increase compared to January last year.

 

The average sale price of all homes sold in January increased half a percent to $319,283 from the same time last year. Single detached homes sold for an average price of $354,540, a decrease of 2.6 percent compared to January 2012. In the condominium market the average sale price in January was $212,408, a 4.7 percent decrease compared to the same month a year ago.

 

The KWAR cautions 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 based on the total dollar volume of all residential properties sold.

 

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.

 

Just Call Hammer 519-772-3759

 

 

The Millionaire Real Estate Investor - Secret Revealed! 

 

You've thought about being an investor....why not hear from some?  Investor Workshop based on the book "The Millionaire Real Estate Investor".  150  Top Seacrets, formulas and models revealed.  Takes place on January 8th 7-8:30.  Cost is of course free.  Just click this link to register.
  
 

 Can you afford your dream home? 
 

(NC)-Whether your dream home is a Victorian character home in the city, a sleek condo with three hundred and sixty degree views, or a sprawling rancher in the suburbs, figuring out how much house you can afford, is critical before making any decisions.

"A helpful place to start is by figuring out your Gross Debt Service (GDS) Ratio," recommends Ron Abraham, president of the Ontario Real Estate Association.

Gross Debt Service Ratio is a calculation of the total maximum housing payment that you can afford, including your mortgage, property taxes, heating and cooling costs, and condo fees.

Figure out your GDS Ratio to find out how much house you can afford:

* Add up your gross monthly income and multiply by 32 per cent. This figure is the maximum monthly housing payment that you can afford. It should never exceed 32 per cent of your gross monthly income.

* You must also factor in one-time costs and insurance. These include a home inspection, Lawyer fees, Realtor fees, moving expenses and HST on new houses.

* Be sure to consider the size of your down payment, your interest rate and the number of years on your mortgage.

* For help figuring out what you can realistically afford to pay for a home, enlist the services of a Realtor. Your Realtor will help you understand property financing, taxes, insurance and the steps you will have to take as a buyer to complete a real estate transaction. You can also contact the Ontario Real Estate Association (OREA) at 1-800-563-HOME for a free guide on home buying and selling.

www.newscanada.com

  

 
Sincerely,
 
call Hammer team
The Call Hammer Team
Keller Williams Golden Triangle Realty
 
FREE Home
Evaluation
For an accurate and up-to-date evaluation of your existing home be sure to fill out as much detail as possible. Please be sure to click the submit button at the bottom to send all your details. We will be sure to get back to you in a timely fashion in order to make arrangements to view the home and establish a market value.

Just Call Hammer and we will be glad to help you out 519-772-3759