The Deutschmann Team
RE/MAX TWIN CITY REALTY INC.
Phone: (519) 841-6511
Email: info@elitere.ca
Website: www.elitere.ca
 
 

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It is no surprise that our current real estate market is doing extraordinarily well, and last month was yet another indication of that. October marked the fourth month in a row that we have set a monthly record number of home sales. 

We are continuing to see more buyers than sellers, including additional buyers migrating here from out of the region looking for the quality of life this area offers.

Demand for homes in October continued to strongly outpace supply in Kitchener-Waterloo and the surrounding area. There were 691 residential homes sold through the Multiple Listing System (MLS® System) of the Kitchener-Waterloo Association of REALTORS® in October, the most ever recorded for the month. October’s home sales represented an increase of 28 per cent compared to the same month last year, and a decrease of 9.6 per cent compared to the previous month. The previous ten-year average number of residential sales for October is 471.

Total residential sales in October included 417 detached homes (up 25.6 per cent from October 2019), and 94 condominium apartments (up 34 per cent). Sales also included 134 townhouses (up 26.4 per cent) and 46 semi-detached homes (up 48.3 per cent).

The average sale price of all residential properties sold in October increased 19.4 per cent to $635,301 compared to the same month last year, while detached homes sold for an average price of $742,596 an increase of 21.7 per cent. During this same period, the average sale price for an apartment-style condominium was $395,627 for an increase of 14.8 per cent. Townhomes and semis sold for an average of $499,641 (up 15.6 per cent) and $539,434 (up 16.6 per cent) respectively.

The average days to sell in October was 13 days, compared to 23 days in October 2019.

If you are considering selling, or if you have any questions about the real estate market, please let us know.

We would love to hear from you.

Exclusive Opportunities:

We have been presented with the opportunity to sell a few units in the Charlie West Development in Downtown Kitchener and the Blackstone Condominiums in North Waterloo.

Charlie West :

This highly anticipated development is situated right in the heart of Downtown Kitchener, directly on the new ION LRT route, and only a short walk away the Innovation District!

With a modern and sleek design, high-end finishes and state-of-the-art amenities this development has already caught the attention of many buyers and investors! Possession estimated to be fall 2021

 

Unit 908B- $650,000

2 bedroom + den, 2 Full Bath with 1 parking space

1022sqft interior space + 170sqft balcony

South West Corner unit with tons of windows with views of Victoria Park

Over $25,000 in upgrades

Unit 1108B - $650,000

2 bedroom + den, 2 Full Bath with 1 parking space

1022sqft interior space + 170sqft balcony

South West Corner unit with tons of windows with views of Victoria Park

Over $20,000 in upgrades

Unit 2608C - $400,000

1 Bedroom, 1 bathroom with 1 parking space

541sqft interior space + 43sqft balcony

South West Corner unit with tons of windows with views of Victoria Park

Over $10,000 in upgrades

Unit 2708 - $400,000

1 Bedroom, 1 bathroom with 1 parking space

541sqft interior space + 43sqft balcony

South West Corner unit with tons of windows with views of Victoria Park

Over $10,000 in upgrades

Unit 807A - $485,000

1 bedroom + den, one bath with 1 parking space

767sqft interior space + 46sqft balcony

South facing with great views of Victoria Park

Over $25,000 in upgrades


Blackstone Condominiums:

This is a stunning new condo development, inspired by Scandinavian living, and designed around the comfort of a modern farmhouse, offering the perfect balance of modern, contemporary living with a location that offers the convenience of urban living and the relaxation of a rural lifestyle.

Featuring: 9’ ceiling height, stainless steel appliances, quartz counters, laminate flooring, in-suite laundry, and spectacular amenities. Minutes to walking trails, sports fields, Conestoga Mall, shopping, restaurants, Universities, and all other popular amenities, including quick highway access.

-1 bed / 1 bath - $320,000

-564 sq. ft. (+ 62 sf balcony) with 1 parking spot

-Possession Summer 2021

 

-2 bed + den / 2 bath - $430,000

-867 sq. ft. (+ 66 sf balcony) with 1 parking spot

-Currently occupied with a tenant on one year lease for $1850/mth + utilities

Please contact us as soon as possible if you are interested or would like more details about these exciting opportunities - they won't last long!

 

Featured Listings:

Click here to see all of our fantastic listings and their virtual tours.

https://elitere.ca/team-listings/


Questions to Ask When Buying a Fixer-Upper

 
 
If you’re thinking of selling your home and buying a new property, you might come across an opportunity to purchase a “fixer upper”. In fact, the home might be priced based on its need for work.

Should you buy that “fixer upper”? That can be a tough decision. Here are some questions you should consider:

  • What repairs need to be done?
  • Are there any major items that will need to be replaced soon, such as the furnace?
  • What renovations are needed? How much, realistically, are those going to cost?
  • How much of the work can you do yourself?
  • How long will it take for the improvements to get done? (How long will you need to live with drywall dust?)
  • How does the price of a comparable “move in ready” property compare to this one?

Of course, before considering purchasing any property – especially one that needs work – you should get a professional home inspection. It will uncover any issues you can’t catch during a viewing. Ultimately, you’ll have to weigh the pros and cons before buying a fixer upper. 

 

Protecting your Home Gadgets from Hacking

 
 
Imagine your coffee maker switching on by itself, staying on for hours, overheating and becoming a fire hazard. That’s not science fiction. As more and more appliances incorporate WIFI, the opportunities for hackers to play havoc with them increase.

How do you prevent that from happening? Here are some safety tips:

  • If your gadget uses a password to access the settings, change that password frequently. Ideally, change it once every 3 months.
  • Some gadgets, such as alarm systems, come with their own connection to the internet. Learn how to turn that connection off if it becomes necessary to do so.
  • Don’t leave an internet-connected appliance or other gadget on constantly unless it’s necessary. For example, you don’t need your home speaker system connected to your digital music providers all the time.
  • Baby monitors with video are a common target for hackers. Use a password unique to that device and change it often. Never leave the monitor on when not in use.
  • Never share passwords with anyone unless it is absolutely necessary. Most home WIFI systems have a “guest” feature with a separate password and limited access. Use it.

In this age of internet connectivity — from coffee makers to stereos and even washing machines — it’s smart to play it safe. Know what’s connected and protect yourself.

 

Managing the Emotions of Selling

 
 
For some people, selling a home can be an emotional roller-coaster ride. In addition to the process of selling your property, buying a new one, and moving, you’re also saying goodbye to a neighbourhood and a home.

But there is plenty you can do to smooth out the ups and downs. Here are some ideas:

  • Make sure you know all the steps involved in the selling process.
  • Don’t overschedule. You don’t want to become exhausted, so don’t try to do everything at once.
  • Talk to family members about how they feel about selling and moving. Allow concerns to be aired so they can be addressed.
  • Young children, especially, can feel emotionally attached to a home. Think of ways to make the transition easier. For example, have them draw pictures of how they’d like their new bedroom to look.
  • Selling and moving can, at times, be disruptive to the household routine. As much as possible, try to remain consistent with mealtimes, family events, etc.
  • If possible, get the help you need. Consider hiring a cleaner, home stager, contractor or other professional. Yes, it costs money, but it will help make things less stressful.

As with any large project, knowing the steps involved in selling your home and planning for them appropriately will make the process more enjoyable and less stressful.

 

Notable, Quotable, Quotes!

“The way I see it, if you want the rainbow you gotta put up with the rain.”
Dolly Parton

“Great works are performed not by strength, but by perseverance.”
Samuel Johnson

“It’s not what you look at that matters, it’s what you see.”
Henry David Thoreau

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