Red Day is just around the corner


By Cindy-lou Schmidt

Introduced in 2009, RED Day, which stands for Renew, Energize and Donate, is Keller Williams Realty’s annual day of service. Each year on the second Thursday of May, associates, friends and family from every Keller Williams office in North America spend the day away from their businesses serving their communities. UPDATED: This year’s RED Day video:

This year at Keller Williams Golden Triangle Realty, we’ll be returning to Howard Robertson Public School for the third year, helping to make sure that this school gets the extra support it needs to make it a vibrant place for the children and families served in their district.  This big project involves lots of work before the day arrives and I’m excited about making sure we’re ready to serve up a great BBQ to make sure everyone has the energy they need to help out.

What makes this even better is that we have local organizations and companies who have contributed funds and materials to help make this day possible, letting us focus our funds on resources for the school.

I’m looking forward to a great turn out this year and I’m excited to help make an impact in our community. To give you an idea of what we’ve done previously, see what we were up to last year!

Kindly,

 

DTK Condos: What the tallest building in KW can bring to downtown Kitchener


By Cindy-lou Schmidt

With condominium apartments seeing the greatest increase in prices last month, the addition of hundreds of more units could help to alleviate the low inventory numbers and make owning a home more affordable.

The new DTK Condo project planned by IN8 Developments, a Kitchener-Waterloo-based developer, is expected to build the more than $100-million, 33-storey condo tower  in the core of Downtown Kitchener at the corner of Duke and Frederick Street.

With a 97 walkscore, and over 10,000+ square feet of planned retail space, this project looks like it could be a game changer, merging 410 residential units and commercial space together—one of the prominent city planning goals of the Region.

Creating a more walkable, vibrant downtown in which residents are involved in their community and are attending local festivals and events is definitely on the docket for city planners.  This could be attractive with those who love to stay connected and enjoy grabbing a coffee in their own building or just steps out the door.

With units starting in the mid-$200’s for one and two bedrooms, first-time home buyers and investors may appreciate the simplified lifestyle and new development benefits.

As a homeowner, you’ll love the great features like smart technology, and electric vehicle parking availability that may bring out the techie in you!  And with the longer closing, this project could be a way for first-time home buyers to get a step into the home ownership market, with extra time to save additional funds before the 2020 occupancy dates.

 

For more inside information on this project, connect with me for floor plans, pricing and more.

Cheers,

March 2018 Market Update: More snow, more activity


By Cindy-lou Schmidt

In March, the 540 residential properties sold through the MLS® of the Kitchener-Waterloo Association of REALTORS®, representing 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.

What does this mean?  Our KW market is quarter less busy than we were last year in terms of sales year-over-year, but up over 40 percent when it comes to sales picking up from February.

Kitchener-Waterloo remains a Seller’s market with some wiggle room for buyers to include conditions in some cases. Overall though, many sellers are still receiving multiple offers.

March’s  residential sales units included:

310 detached (down 29.6 per cent)

136 condominium units (down 17.6 per cent) {includes semis, townhomes, apartment, detached etc.)

40 semi-detached homes (down 40.3 per cent)

52 freehold townhouses (up 8.3 per cent)

The average price of all residential properties sold last month decreased 0.7 per cent to $490,010 compared to March 2017. Accordingly:

Detached homes sold for an average price of $582,851 (down 0.1 per cent)

Average prices for an apartment style condominium was $298,361 (up 11.3 per cent)

Townhomes sold for an average of $375,702 (up 2 per cent)

Semis sold for an average of $396,932 (down 3.7 per cent)

Cindy-lou’s 2-Minute Summary:

The stress test may be a factor in softening the demand for higher priced properties as buyers readjust their buying power levels.  This may be part of the reason for the growth in condo apartment sales being the largest according to home style purchases.

Another factor to note is that although we are seeing 792 active listings last month, which is 80% more than last year, it’s still significantly less than the 10 year average of 1424 for March.

Sellers:

Don’t cut corners when presenting and selling your home;  if your home doesn’t show well, it definitely takes longer to sell than those that do. And an average of 19 days on market means that buyers are being more thoughtful in their purchases.

Buyers: 

A little more breathing room is allowing you to have conditions in some cases. However, pre-emptive and multiple offer situations are seeing many buyers go without a successful purchase. You must remain competitive in a  desirable and strong market that is low on listings.

 

If you’d like an accurate valuation of your home, contact us for a complimentary assessment. The condition of your home, location, and other key factors matter. For more on the official report on March’s K-W Market Update including statistics from Wellesley, Wilmot and Woolwich Townships, click here.

Think big,