Well, this is deja vu!

Last week at the Kitchener Waterloo Real Estate Investment blog we spoke about how properties in KW were selling very quickly:

Homes and condo’s are moving very quickly in Kitchener Waterloo these days – our clients are involved in a multiple offer situations fairly regularly on smaller properties (condos, 5 bedroom student rental houses etc), and we’re even seeing multiple offers on apartment buildings that are in good shape, well rented and fairly priced.

So far in 2010, 56 homes have sold in 3 days on market or less, 144 residential properties have sold in less than 7 days, and 357 have sold in inside of two weeks (note: these Days on Market times include days where the property was tied up with a conditional offer, and due diligence periods).

That means over 32% of homes sold in 2010 were listed on the MLS for less than 14 days (note: a small % of these homes may have been relisted)

And now, another unit at one of the condo complexes that is seeing particularly brisk sales, 565 Greenfield, located in South Kitchener near Fairview Mall, has had another complex sold days after it hit the MLS in KW

The complex was built in the early 90′s, and is made up of  9 identical walkup buildings, that each have 11 identical condo homes in them. Each unit is a 2bedroom 1 bathroom home.

These condos are desireable to home buyers and investors alike, because of their great location, and low price point.

What have units been selling for here recently? Lets take a look at the sales since Jan 2009

The unit numbers denote whether the condo is on the basement level (1-3), the main level (4-7) or the top floor (8-11). The top two floors have balconies for the condo, off of the living room.

If you own a condo here, we have buyers actively looking. 

Our firm, Keller Williams, represented 5 of the last 11 buyers purchasing in the complex, and we’d love to sell your condo too.

For more information on condos for sale in Kitchener or any other real estate questions,  contact Benjamin Bach @ Benjamin@BenjaminBach.com, or call me at 519-772-4376

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