Bloghttps://davefarnham.ca/Blog31bc4a0b-8775-400f-97e7-a11a5b9188bchttps://davefarnham.ca/Blog/2018/07/07/HOME-SALES-DOWN-IN-JUNE-PRICES-UP-HOME SALES DOWN IN JUNE, PRICES UP June home sales through the Multiple Listing System (MLS® System) of the Kitchener-Waterloo Association of REALTORS® (KWAR) were down 12.8 per cent compared to last month and down 15.6 per cent compared to last year’s June which was the second highest on record. A total of 604 residential properties sold in June compared to 716 the same time last year. 2018-07-07T15:12:00Z364be075-5833-4730-9cf7-353dccab4338https://davefarnham.ca/Blog/2018/06/05/STRONG-HOME-SALES-IN-MAYSTRONG HOME SALES IN MAYLast month home sales through the Multiple Listing System (MLS® System) of the Kitchener-Waterloo Association of REALTORS® (KWAR) were up 12.5 per cent compared to last month and down 15.3 per cent compared to last year’s record-setting May.2018-06-05T19:17:00Z0e978427-a13e-4803-b7a4-32f1fe0a55c5https://davefarnham.ca/Blog/2018/05/03/APRIL-HOME-SALES-BRISK-APRIL HOME SALES BRISK In April, the 616 residential properties sold through the Multiple Listing System (MLS® System) of the Kitchener-Waterloo Association of REALTORS® (KWAR) were up 13.7 per cent compared to last month and down 19.6 per cent compared to home sales a year ago. 2018-05-03T17:30:00Zaffdd5c0-3139-4ac8-93a2-9cf5e036d630https://davefarnham.ca/Blog/2018/04/09/March-Home-Sales-ReleaseMarch Home Sales ReleaseKITCHENER-WATERLOO, ON (April 6, 2018) –– In March, the 540 residential properties sold through the Multiple Listing System (MLS® System) of the Kitchener-Waterloo Association of REALTORS® (KWAR), represented an increase of 43.6 per cent compared to last month and a decrease of 25.8 per cent compared to home sales a year ago.2018-04-09T13:53:00Z9e04e085-2255-4c88-8953-ada735dd7a97https://davefarnham.ca/Blog/2018/03/05/February-Sales-ReportFebruary Sales ReportKITCHENER-WATERLOO, ON (Mar 5, 2018) –– In February, the 377 residential properties sold through the Multiple Listing System (MLS® System) of the Kitchener-Waterloo Association of REALTORS® (KWAR), were an increase of 40 per cent compared to last month and a decrease of 20.5 per cent compared to home sales a year ago. “When we consider market activity we have to acknowledge that sales from the previous year or two were an anomaly”, says Tony Schmidt, KWAR President. “If you compare last February against the ten year average of sales, it was a pretty typical February. “2018-03-05T16:19:00Z93db647f-9626-4af9-8317-c01d1b7de445https://davefarnham.ca/Blog/2018/02/07/JANUARY-HOME-SALES-SNOWED-UNDER-BY-LOW-INVENTORYJANUARY HOME SALES SNOWED UNDER BY LOW INVENTORY“On the surface, activity appears to be somewhat sluggish in January, says Tony Schmidt, KWAR President. “However if we set aside the past two years, it was a very typical January in terms of the number of sales. What is less typical is that listing inventory is still at historic low levels, and we continue to see multiple offers on properties putting upward pressure on prices.” 2018-02-07T19:33:00Z687c4550-84e0-42cb-bc7b-dd3081152917https://davefarnham.ca/Blog/2018/01/05/2017-A-BIG-YEAR-FOR-KITCHENER-WATERLOO-HOMES-SALES2017 A BIG YEAR FOR KITCHENER WATERLOO HOMES SALESKITCHENER-WATERLOO, ON (Jan 5, 2017) –– There were 6,549 homes sold in Kitchener-Waterloo and area last year through the Multiple Listing System (MLS® System) of the Kitchener-Waterloo Association of REALTORS® (KWAR), just one percent behind matching last year’s record smashing results. The year ended strong with 301 home sales in December, which is a slight one per cent above December of 2016, and 13 per cent above the previous five year average.2018-01-05T20:49:00Zb6ff0407-fa72-456e-b380-e6ffdaa68688https://davefarnham.ca/Blog/2017/11/04/Steady-Home-Sales-in-OctoberSteady Home Sales in October Last month a total of 481 residential properties sold in KitchenerWaterloo and area through the Multiple Listing System (MLS® System) of the Kitchener-Waterloo Association of REALTORS® (KWAR). Home sales in October were down 16.6 per cent compared to the same month last year, but still above the previous 5-year October average of 464 sales.2017-11-04T15:39:00Zb5c2af29-3d8e-47b1-90dc-8c17a772f48fhttps://davefarnham.ca/Blog/2017/10/04/Steady-Sales-in-SeptemberSteady Sales in SeptemberA total of 470 residential properties changed hands in Kitchener-Waterloo and area through the Multiple Listing System (MLS® System) of the Kitchener-Waterloo Association of REALTORS® (KWAR) in September. This was a decrease of 12.8 percent compared to the record number of sales in September of 2016, but still ahead of the previous 5-year September average of 437 sales2017-10-04T20:06:00Z0122b985-be82-45d9-8118-56805b7d79dbhttps://davefarnham.ca/Blog/2017/08/16/Slower-Home-Sales-in-JulySlower Home Sales in JulyKITCHENER-WATERLOO, ON (August 3, 2017) ––In July there was a total of 558 residential sales through the Multiple Listing System (MLS® System) of the Kitchener-Waterloo Association of REALTORS® (KWAR), a decline of 5.1 percent compared to the same month last year, but still slightly above the previous 5-year average for July (542).2017-08-16T02:49:00Zbfca7d51-dc07-4bcc-a73f-8dee0db7dc96https://davefarnham.ca/Blog/2017/07/10/MORE-LISTINGS-MEET-CONTINUED-BUYER-DEMAND-IN-JUNEMORE LISTINGS MEET CONTINUED BUYER DEMAND IN JUNEFor the first time this year home sales in June decelerated on a monthly basis. Last month’s 716 residential sales through the Multiple Listing System (MLS® System) of the Kitchener-Waterloo Association of REALTORS® (KWAR) were down 3.2 percent compared to last year’s record breaking June. This brings the total number of sales during the first half of the year to 3,834, an increase of 9.1 per cent compared to 2016.2017-07-10T22:49:00Zc1f8cd6f-6cb7-4d26-948b-b8648c30a62fhttps://davefarnham.ca/Blog/2017/06/08/Record-Sales-in-MayRecord Sales in MayThere were 816 Residential properties sold through the Multiple Listing System (MLS® System) of the Kitchener-Waterloo Association of REALTORS® (KWAR) in May, an increase of 8.2 per cent compared to May 2016, and a 6 per cent increase compared to the previous month. This is the second consecutive month unit sales have hit an all-time high.2017-06-08T12:08:00Z2bc0b650-1c93-42fc-9a43-ed383dcfaf02https://davefarnham.ca/Blog/2017/05/04/APRIL-WAS-SHOWERED-WITH-HOME-SALESAPRIL WAS SHOWERED WITH HOME SALESThe average sales price of all residential sales increased 39.7 percent to $512,656 compared to April 2016. Detached homes sold for an average price of $594,453 an increase of 40.1 percent, while the average sale price for an apartment style condominium was $267,455, an increase of 18.3 percent. Townhomes and semis sold for an average of $377,531 (up 39.3 percent) and $415,709 (up 47.7 percent) respectively.2017-05-04T23:43:00Z6c0fc65f-7d2e-4416-b218-d4919884228chttps://davefarnham.ca/Blog/2017/04/04/MOMENTOUS-HOME-SALES-IN-MARCHMOMENTOUS HOME SALES IN MARCHKITCHENER‐WATERLOO, ON (April 4, 2017) ––Residential sales through the Multiple Listing System (MLS® System) of the Kitchener‐Waterloo Association of REALTORS® (KWAR) continued their monthly ascent in March with 729 properties sold in Kitchener‐Waterloo and area. This represents a 24.2 percent increase compared to the same month last year, and is the highest March on record.2017-04-04T14:07:00Zbf27ebfc-02a9-44c2-8d72-16c69151ea66https://davefarnham.ca/Blog/2017/03/07/A-FRENZY-OF-HOME-SALES-IN-FEBRUARYA FRENZY OF HOME SALES IN FEBRUARYA lack of listings to satisfy the strong consumer demand is fuelling multiple offers often resulting in sale prices above the actual asking price, which pushed the total residential average sale price in February up 27.5% compared to the same month last year to $463,355.2017-03-07T00:48:00Zddde0a8c-1e41-4c73-8088-87cdd765f372https://davefarnham.ca/Blog/2017/02/03/January-Home-SalesJanuary Home SalesThe number of residential sales in January through the Multiple Listing System (MLS® System) of the Kitchener-Waterloo Association of REALTORS® (KWAR) increased 5.8% compared to January 2016 and 22% above the 5-year average for January.2017-02-03T21:38:00Z56a6f538-0745-4adb-867f-06d4c8eb2a25https://davefarnham.ca/Blog/2017/01/19/UNPRECEDENTED-YEAR-FOR-HOME-SALES-IN-WATERLOO-REGION-UNPRECEDENTED YEAR FOR HOME SALES IN WATERLOO REGION 2016 was marked by unrelenting demand for homes, in the face of fewer homes being put on the market. There were 8,003 residential listings processed through the KWAR’s MLS® System in 2016, a decrease of 9.7 percent compared to 2015. 2017-01-19T13:09:00Z0b35da8b-4d22-4da4-8f9e-0afe847dc33ehttps://davefarnham.ca/Blog/2017/01/17/Pros-and-Cons-of-Renting-a-Furnace-or-Air-ConditionerPros and Cons of Renting a Furnace or Air ConditionerThere seems to be a growing question about renting furnaces and air conditioning units these days. It’s no wonder, since there are companies putting massive amounts of advertising and sales agents in your neighborhood to promote the renting of furnaces and air conditioners. 2017-01-17T14:02:00Zeaa65548-2d6b-4aa2-abfc-751e55c8f4adhttps://davefarnham.ca/Blog/2016/12/04/Another-Record-Breaking-Month-of-Sales-in-NovemberAnother Record Breaking Month of Sales in NovemberHome sales through the Multiple Listing System (MLS® System) of the Kitchener-Waterloo Association of REALTORS® (KWAR), totalled 535 last month, an increase of 27.1 percent compared to November of 2015, marking another record breaking month for residential properties sold in Kitchener-Waterloo and area.2016-12-04T21:28:00Z3d75944b-a78d-4d1a-8e6b-a12db10cbf3ahttps://davefarnham.ca/Blog/2016/11/29/The-CRA-is-cracking-down-on-Real-Estate-tax-dodger-in-Canadas-red-hot-Real-Estate-marketThe CRA is cracking down on Real Estate tax dodger in Canadas red hot Real Estate marketCheck out this great article from the Financial Post about the CRA cracking down on tax dodgers2016-11-29T21:29:00Z3b9f4470-c6a7-4eba-91d5-dbde458521a1https://davefarnham.ca/Blog/2016/11/21/What-the-new-mortgage-regulations-mean-for-BuyersWhat the new mortgage regulations mean for BuyersWhat's been described during the past few weeks as a 'sledgehammer crackdown' on the Canadian housing market, the new mortgage regulations, some of which came into effect last month, are aimed at strengthening the country's housing finance system 'to help protect the long-term financial security of borrowers' and 'to improve tax fairness for Canadian homeowners'.2016-11-21T21:31:00Z47cb3a03-a838-4c00-a307-cd9ca6d50340https://davefarnham.ca/Blog/2016/11/04/Strong-Demand-Continues-to-Fuel-Waterloo-Region-Housing-Market-in-OctoberStrong Demand Continues to Fuel Waterloo Region Housing Market in OctoberSTRONG DEMAND CONTINUES TO FUEL WATERLOO REGION HOUSING MARKET IN OCTOBER KITCHENER-WATERLOO, ON (November 3, 2016)2016-11-04T21:34:00Z7cf5a9c4-5261-4f2b-95cf-e6c300ad29bdhttps://davefarnham.ca/Blog/2016/10/06/September-Home-Sales-Show-No-Signs-of-CoolingSeptember Home Sales Show No Signs of CoolingSEPTEMBER HOME SALES SHOW NO SIGNS OF COOLING KITCHENER-WATERLOO, ON (October 5, 2016) 2016-10-06T21:36:00Zb627085f-a90c-4477-bd0f-c0831d8205c2https://davefarnham.ca/Blog/2016/09/12/Hot-Home-Sales-in-AugustHot Home Sales in AugustHOT HOME SALES IN AUGUST KITCHENER-WATERLOO, ON (September 7, 2016) 2016-09-12T21:36:00Zc290b6ff-1896-4666-877a-986d4e248abehttps://davefarnham.ca/Blog/2016/08/06/Home-Sales-Hot-Streak-in-Kitchener-Waterloo-Takes-a-Break-in-JulyHome Sales Hot Streak in Kitchener Waterloo Takes a Break in JulyKITCHENER-WATERLOO, ON (August 4, 2016) –– There were a total of 588 home sales in Kitchener-Waterloo and area though the Multiple Listing System (MLS® System) of the Kitchener-Waterloo Association of REALTORS® (KWAR) in July. This represents only a 0.9% increase in sales compared to July of 2015, but ranks as the most active July on record since 2008.2016-08-06T21:37:00Zd300a28e-91e0-4c1e-beb9-c05c0660a258https://davefarnham.ca/Blog/2016/07/05/Record-Number-of-Home-Sales-Recorded-in-First-Half-of-the-YearRecord Number of Home Sales Recorded in First Half of the YearKITCHENER-WATERLOO, ON (July 5, 2016) –– Residential property sales through the Multiple Listing System (MLS® System) of the Kitchener-Waterloo Association of REALTORS® (KWAR) had yet another record month with 740 properties sold in Kitchener-Waterloo and area in the month of June. This represents a 13.1% increase compared to the June of 2015, and ranks as the most active June on record.2016-07-05T21:38:00Z85052a11-8578-4fca-b4b2-881dd0df8342https://davefarnham.ca/Blog/2016/06/30/Update-your-room-by-refreshing-your-ceilingUpdate your room by refreshing your ceilingWhen thinking of ceilings most times what comes to mind is the popcorn (stucco) ceiling, or one that's just white and flat. But, if you are looking to update your room, there are some really beautiful options out there to spice up your ceiling and add some flair to your room's fifth wall. 2016-06-30T21:39:00Z4102a466-7317-4323-8a75-547c88867743https://davefarnham.ca/Blog/2016/06/05/May-Residential-Sales-Hit-All-Time-HighMay Residential Sales Hit All Time HighKITCHENER-WATERLOO, ON (June 3, 2016) –– Residential sales through the Multiple Listing System (MLS® System) of the Kitchener-Waterloo Association of REALTORS® (KWAR) hit an all-time high for the month of May as home sales continue to trend upward in the Region. There were 752 properties sold in KW and area which represents a 19.6% increase compared to May of 2015, and a 27.7% increase compared to the 5-year average for the month of May. 2016-06-05T21:41:00Z