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July 2012 
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Here is the real estate update for July in the Kitchener Waterloo region.  Summer seems to be flying by!  Hopefully everyone is able to stay cool in this crazy heat!  Have a question about real estate?  We look forward to helping you and your friends with any real estate need. Call Hammer anytime 519-772-3759.
 
STEADY HOME SALES IN KITCHENER WATERLOO DURING FIRST HALF OF 2012

 

KITCHENER-WATERLOO, ON (July 5, 2012) -- During the first half of the year sales of residential properties via the Multiple Listing System (MLS®) of the Kitchener-Waterloo Association of REALTORS® (KWAR) totaled 3,454, a slight increase of 0.1 percent over last year's first-half results and consistent with the previous 5-year average of residential sales year-to-date.

 

In June alone, there were 596 residential sales, a 12.2 percent decrease compared to the same period last year.

 

"Overall, the Kitchener-Waterloo real estate market continues to show long-term strength and stability", says Sara Hill, president of KWAR. "While June's numbers were down somewhat from last year, the number of sales was plenty to bring us right on track with last year."

 

Sales in the first half of 2012 included 2,278 detached homes (up 0.8 percent), 267 semi-detached (down 8.9 percent), 217 townhouses (up 2.4 percent), and 668 condominium units (up 2.3 percent).

 

On a year-to-date basis, the average sale price of all residential sales increased 3.4 percent to $312,661, compared to 2011. Detached homes sold for an average price of $356,596, an increase of 3.5 percent compared to last year. The average price of condominium units sold during the first half of the year was $209,563, an increase of 1.9 percent over 2011.

 

The president of the KWAR says that Kitchener -Waterloo's high degree of market stability is supported by an extremely diverse local economy and consumer confidence in the value real estate as both a wise investment and lifestyle choice.

 

Ms. Hill cites a recent report from the Conference Board of Canada that says the region of Waterloo will experience the highest economic growth in Canada for medium sized citiesin 2012, as additional confirmation that both buyers and sellers should feel very confident in the local real estate market.

 

The 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. Those requiring specific information on property values should contact a local REALTOR®.

 

 

Shape up your savings after summer splurges

(NC)-Enjoying long weekends away, sunny restaurant patios and summer festivals, it can be tempting to break good savings habits and splurge during summer months.

 

In fact, a recent poll by TD Canada Trust found three-quarters of Canadians admit they are more relaxed with their spending and saving habits at this time of year and many let their budgeting, saving and bill payments slip by the wayside as they enjoy the warm weather.

 

Raymond Chun, a senior vice president at TD Canada Trust, offers his top tips to avoid the summer splurge:

 

* Don't get carried away with spending - Invite friends over for a backyard barbecue instead of frequenting restaurant patios regularly after work. It's tempting to splurge on seasonal accessories, but remember you may only get another few months out of a new pair of sandals or summer dress before the cooler weather starts rolling in.

 

* Automate your financial responsibilities - Set up pre-authorized transfers to your regular bills and minimum credit card repayments. That way you don't have to worry about interest and fees incurred on forgotten bills while you're out enjoying the warm weather.

 

* Get your debts under control-Review your unpaid bills and debt obligations. If you're strapped for cash and can't make all your payments, then pay at least the minimum required. High interest debts like credit cards should take priority.

 

* Write a budget and stick to it-Calculate how much money you earn each month then subtract your monthly expenses, like rent and food, to understand how much you have left for savings. If you have a negative balance or less than 10% of your pre-tax income to save, you need to rethink your spending.

 

* Start planning for next summer now-If you struggle with finances during the summer, start saving now so that you're not in the same situation next year. Speak to your bank about setting up a pre-authorized transfer of a portion of your pay cheque into a high interest savings account to maximize your savings.

www.newscanada.com

 

 
Sincerely,
 

call Hammer team
Roy Cleeves, Broker

The Call Hammer Team
Keller Williams Golden Triangle Realty

 
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