Charles Fonseca Real Estate

08/07/2024

WATERLOO REGION, ON (August 6, 2024) —In July, a total of 639 homes were sold in the Waterloo Region via the Multiple Listing Service® (MLS®) System of the Cornerstone Association of REALTORS® (Cornerstone). This represents an increase of 4.6 per cent compared to the same period last year and a decline of 16.6 per cent compared to the average number of homes sold in the previous ten years for the same month.

“In July, we observed a slight increase in home sales year-over-year following a reduction in interest rates, which seems to have provided a modest boost to market activity,” says Christal Moura, spokesperson for the Waterloo Region market area. “While this uptick is encouraging, it is evident that many potential buyers are adopting a wait-and-see approach, anticipating further decreases in interest rates and better buying conditions in the near future.”

Total residential sales in July included 382 detached homes (up 4.1 per cent from July 2023), and 126 townhouses (up 5.0 per cent). Sales also included 82 condominium units (up 9.3 per cent) and 48 semi-detached homes (up 9.1 per cent).

In July, the average sale price for all residential properties in Waterloo Region was $782,716. This represents a 1.6 per cent decrease compared to July 2023 and a 0.9 per cent decrease compared to June 2024.

The average price of a detached home was $914,469. This represents a 0.6 per cent decrease from July 2023 and an increase of 1.6 per cent compared to June 2024.
The average sale price for a townhouse was $617,062. This represents a 7.7 per cent decrease from July 2023 and a decrease of 7.1 per cent compared to June 2024.
The average sale price for an apartment-style condominium was $494,897. This represents a decrease of 0.6 per cent from July 2023 and an increase of 7.1 per cent compared to June 2024.
The average sale price for a semi was $667,063. This represents a decrease of 0.6 per cent compared to July 2023 and an increase of 2.7 per cent compared to June 2024.

How is this impacting you and your real estate plans? I'd love to sit down and discuss your specific situation with you.

06/05/2024

It has finally occurred after a long journey. If you're interested in learning more, please reach out.

03/31/2024

Happy Easter to all my family and friends all the best wishes!!

09/12/2022

Hello everyone, here is a link for a good read regarding windows.

Learn more about the options available when replacing windows and the best time to upgrade. Stay tuned to Realtor.ca for more home improvement updates!

09/03/2022

Hello Everyone!

This Labour Day long weekend Saturday & Sunday from 2-4pm I will be hosting an open house at 511 Forestlawn Rd, Waterloo, Ont.
Hope to see you all here!

07/14/2022

Kitchener-Waterloo June Market📈Report

06/15/2022

Working so hard this morning I need to take a nap 🤣

06/14/2022

Here is our 7 Day Market Watch for Kitchener-Waterloo.



If you have any questions regarding the real estate market, please feel free to contact me.

05/17/2022

The overnight rate represents the cost of borrowing money "overnight" or until the next business day. The prime rate represents the base interest rate a bank will lend money for in order to cover the overnight rate.