Kitchener Waterloo September Real Estate Update 2012

The Call Hammer Logo

November 2012 
Call Hammer Realty Newsletter
Monthly update
In This Issue
Update Local Activity
Quick Links
Join Our Mailing List
Greetings!
We look forward to helping you, your friends and family with all of their real estate needs.  The Best Compliment You Can Give Me Is The Referral of Your Friends and Family!  Call Hammer anytime 519-772-3759.

Kitchener-Waterloo Home sales up in October

 

 

October's residential sales included 322 detached homes (up 1.6 percent), 48 semi-detached (up 54.8), 33 townhouses (up 32 percent), and 92 condominium units (down 7.1 percent).

 

The average sales price of all residential sales in October was $302,656 a 1.5 percent decrease from the average sale price recorded in October 2011. Single detached properties sold for an average price of $339,592, a 3.8 percent decrease relative to one year ago.

 

Average prices for townhouses and condominium property types both increased last month, with townhouses gaining 10.7 percent to $287,133, and condominium units increasing 7 percent to $215,831 compared to the same month last year.

 

"The overall average residential price decreased slightly last month, which is not a surprise," says Sara Hill, President of the KWAR, "In the past two months the average sale price was showing fairly strong gains even as sales were slowing, so I see this as a slight correction."

On a year-to-date basis, residential home sales are practically on par with 2011 - with a total of 5,443 sales recorded. The average price of all residential properties sold year-to date is $310,739, an increase of 3.2 percent over 2011.

 

"The Kitchener-Waterloo housing market continues to show both long-term strength and stability" says Hill. "Shifts in average prices are normal, and home buyers and sellers should work with their REALTORŪ to understand the market and set their expectations accordingly."

 

Just Call Hammer 519-772-3759

Remembrance Day 

 

In Flanders fields the poppies blow
Between the crosses, row on row,
That mark our place; and in the sky
The larks, still bravely singing, fly
Scarce heard amid the guns below.

We are the Dead. Short days ago
We lived, felt dawn, saw sunset glow,
Loved and were loved, and now we lie
In Flanders fields.
 

Take up our quarrel with the foe:
To you from failing hands we throw
The torch; be yours to hold it high.
If ye break faith with us who die
We shall not sleep, though poppies grow
In Flanders fields. 

How Safe Are Your Trees? 

 

Red Flag: Large Dead Branches
Dead limbs, often called "widowmakers" by loggers, are an accident waiting to happen. The slightest disturbance can cause them to fall. These limbs can tumble even on a calm day, so make sure you get them removed. They may also suggest the tree itself is in ill health, and in need of a check-up by an arborist.

Red Flag: Mushrooms
Are there mushrooms at the base of the tree? While some mushrooms are harmless, others may suggest that there are fungi at work destCaroling your tree. Watch out for fungus growing on root flares, trunks, or branches. All are signs of advanced decay.

Red Flag: A Split on the Trunk or Where Branches are Attached Trees with split trunks will probably collapse completely in a bad storm and should be removed. Vertical cracks caused by decay suggest the tree probably won't survive the next storm. Horizontal cracks suggest that the tree is already failing and should also be removed.

Red Flag: An Ancient Tree
Older trees are more likely to fall, says John Benton, president of the Bayou Tree Service in New Orleans, Louisiana. But don't get rid of a tree just because it's doddering. Make sure it has severe structural problems before planning to cut it down. An arborist can help you determine if your tree has lived long enough -- or if it will survive through next fall's foliage season.

Red Flag: A Leaning Tree
If the tree trunk is pitched at an angle, you may have a problem. But if a tree has always grown off center, it's probably not at serious risk. Any sudden lean suggests the breakage or weakening of support roots and is cause for alarm and quick action.

Red Flag: V-Shaped Crotches
Is the crotch (the part of the tree located at the base of the trunk where two sections meet) of your tree V-shaped or U-shaped? A V-shaped crotch is a sign of structural weakness, while a U-shaped crotch is a sign of structural integrity, says William de Vos, a Registered Consulting Arborist at Treeworks Ltd. in Burlington, Vermont.

Red Flag: Compromised Root Structures
Damage to roots can seriously destabilize a tree. Check whether the roots have been broken off or damaged by the lowering of soil around it, or by the installation of pavement, or the digging of trenches. Standing water is also lethal to trees, stifling the oxygen-dependent roots. Another warning sign is roots girdling the tree. This happens when roots grow around the main stem of the tree and cut off or restrict the movement of water and plant nutrients.

Roads, sidewalks, and parking lots can cause all kinds of root destruction, says de Vos. It's not uncommon during a storm to see a large old tree that predates the neighborhood fall over only to reveal just how many roots were cut to accommodate development.

Lawns also seriously threaten trees. Because roots crave oxygen, piling compressed soil on top of them literally suffocates trees. "People will put six inches of soil on top of tree roots and compact it with a roller and plant seeds and put a lawn on it and wonder why a year later the trees are dead," said Wickes.

Red Flag: A Topped Tree
Has your tree been topped or heavily pruned? Topping is one of the worst things you can do to a tree. When a tree is topped it produces witches brooms -- multiple branches from the same point that form weak attachments.

Red Flag: Twin Trunks
Does your tree have two trunks that are weakly attached to one another? These trees are vulnerable to splitting. Forked trunks suggest potential fragility especially if one side of the fork grows outward instead of upward like its mate.

Red Flag: Termites
Termites are drawn to dying trees, so they're a sign of serious damage. Look for brown, pencil-sized tubes made out of mud around the base of the tree trunk. These are crafted by termites. You can find live termites by digging around the base of the tree.

If your trees suffer from any of these symptoms, give your local certified arborist a call. Arborists can brace your tree if necessary and tell you if it needs to come down.

Red Flag: Cavities of Decay
Just like your teeth, trees can get cavities where the wood rots away. If your tree has large cavities or rotten wood along the trunk or in major branches, it may be hazardous. While not all cavities suggest serious structural problems, they're a warning sign not to be ignored. Some cavities and decay are not visible to the naked eye, but arborists have special tools that can help them determine if your tree is trouble.

If your tree does fall on or near your house, get your family out fast. Call the police or fire department to check for live wires. Take photos to show your insurance company. Then call a tree service to have the tree removed. Don't try to do this yourself! Finally, call your home insurance company to file a claim.
 
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