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Waterloo Region Sees Decrease in Home Sales for September

WATERLOO REGION, ON (October 3, 2024) —In September, a total of 521 homes were sold in the Waterloo Region via the Multiple Listing Service® (MLS®) System of the Cornerstone Association of REALTORS® (Cornerstone). This represents a decrease of 2.1 per cent compared to the same period last year and a ...

The Power of Scent

Over time, you can become so accustomed to the smell of your home that you may not think twice about it. But when a potential buyer first walks into your home, one of the very first things noticeable to them is the smell. So, you want it to be a ...

Understanding How your Local Market Works

When you read or watch the news about the real estate market, it may seem reasonable to make the assumption that the information applies equally to your street or community. But, that isn’t always true. In fact, the characteristics of your local real estate market can differ in many respects ...

Pros and Cons of Accepting a Conditional Offer

Imagine you’ve listed your home and get a fantastic offer. The price is VERY good. The buyers have attached a hefty deposit and a pre-approved mortgage certificate. The only drawback? There is a condition. The buyers want to sell their home before the offer to buy yours becomes firm. Hmm. ...

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Andy Hendershot Real Estate Services

I specialize in residential real estate in the Kitchener Waterloo, Ontario area.

Andy Hendershot Real Estate Services

1 week ago

🏠 Setting the Mood With Colour: Home Buyer Psychology 🏠When selling your home, it’s helpful to consider the effects colour could have on potential buyers. Here are some tips to consider when choosing colours:👉 Neutrals – Some of the colours that fall under this category include shades of white, grey, and brown. They promote feelings of calmness, clarity, peace, and cleanliness. White also complements any style and works well as a blank canvas to express your style through other furnishings. Neutrals look nice with shifting light, so they are good for rooms during the day, and also can be good for a calming effect in bedrooms.👉 Pastels – Light shades of purple, pink, blue, and green are just some examples of pastel colours that work nicely in a home. The light, airy quality of pastels is thought to lift spirits, and like neutrals, these colours can also promote relaxation. Pastels can also enhance other colours and encourage expression. 👉 Deep Shades – Dark, bold colours can add drama to a room, and fill it with energy, creativity, and confidence. Dark purple and blue, black, and red, are just some examples of deep colours. These rich colours can also work well on an accent wall for dramatic effect. Since they raise energy levels, they are best used in daytime areas like dining and living areas, kitchens, and entryways, and should be avoided in places meant for sleep or relaxation like bedrooms.Of course, the impact of colour on feelings is generalized. Not everyone will feel the same about a certain colour since the feeling evoked by a particular colour will vary from person to person.If you think now might be the time to make a move, call me today -- 519-572-6804 #kwrealestateagent #realestate #realestatetips #kwrealestate #andyhendershot #andyhendersotrealestate #andysells ... See MoreSee Less

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Andy Hendershot Real Estate Services

2 weeks ago

👉 REAL ESTATE UPDATE 👈WATERLOO REGION, ON (October 3, 2024) —In September, a total of 521 homes were sold in the Waterloo Region via the Multiple Listing Service® (MLS®) System of the Cornerstone Association of REALTORS® (Cornerstone). This represents a decrease of 2.1 per cent compared to the same period last year and a decline of 23.5 per cent compared to the average number of homes sold in the previous ten years for the same month.Total residential sales in September included 336 detached homes (up 9.4 per cent from September 2023), and 95 townhouses (down 22.1 per cent). Sales also included 57 condominium units (down 16.2 per cent) and 32 semi-detached homes (down 3.0 per cent).In September, the average sale price for all residential properties in Waterloo Region was $788,944. This represents a 2.9 per cent increase compared to September 2023 and a 2.3 per cent increase compared to August 2024.🏠 The average price of a detached home was $910,286. This represents a 2.3 per cent increase from September 2023 and an increase of 2.2 per cent compared to August 2024.🏠 The average sale price for a townhouse was $595,435. This represents a 6.9 per cent decrease from September 2023 and a decrease of 2.7 per cent compared to August 2024.🏠 The average sale price for an apartment-style condominium was $483,331. This represents a decrease of 3.4 per cent from September 2023 and an increase of 4.9 per cent compared to August 2024.🏠 The average sale price for a semi was $654,613. This represents a decrease of 2.9 per cent compared to September 2023 and an increase of 0.1 per cent compared to August 2024.Full article:www.andysells.ca/waterloo-region-sees-decrease-in-home-sales-for-september/Contact me if you have questions about the market: 519-572-6804#kwrealestateagent #realestate #realestatetips #kwrealestate #andyhendershot #andyhendersotrealestate #AndySells ... See MoreSee Less

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Andy Hendershot Real Estate Services

1 month ago

🏠 Out-of-the-Box Homes 🏠With housing costs at unaffordable levels for many, some people are turning to alternative homes. Here’s a breakdown of some of the other options out there:👉 Tiny living – If you can compromise on space, there are tiny homes (approx. 120 to 500 sq. ft.), some of which can be hauled around, micro apartments (approx. 200 to 400 sq. ft.) in buildings with varying amenities, and shipping container homes, which can be tiny (approx. 160 sq. ft.), or the size of an average-sized home constructed of multiple containers. 👉 Vehicle conversions – For a 2-for-1 home and transportation deal, consider an RV or a converted school bus.👉 Houseboats – This option may be for you if you are a water lover. While the price is much lower than a condo and can even offer more space, consider the maintenance costs and how you feel about seasonal weather like wind, rain, and snow while on a boat.👉 Eco homes – In our ever-increasing eco-conscious world, there are different kinds of eco homes, such as passive Homes, designed to minimize energy consumption, and off-grid homes that are self-reliant for electricity and water.👉 Laneway homes – Typically found in urban centres and accessed from a back lane, these homes could be new builds or converted garages. Note, that not all jurisdictions allow laneway homes.While alternative homes can offer an appealing price tag, consider that you may have to compromise on space, location, and quality of the build itself. In some cases, you may not qualify, or it may be more difficult to obtain a mortgage or insurance.If you think now might be the time to make a move, call me today -- 519-572-6804 #kwrealestateagent #realestate #realestatetips #kwrealestate #andyhendershot #andyhendersotrealestate #andysells ... See MoreSee Less

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Andy Hendershot Real Estate Services

1 month ago

👉 Virtual Staging: Dos and Don’ts 👈It’s well-documented that staged properties tend to sell faster and for more and can either be done traditionally or virtually. So, what are some reasons you might use virtual staging? Virtual staging makes sense for properties that are vacant, pre-construction, have tenants, or have dated furniture. It’s also more cost-friendly than traditional staging. If you decide on virtual staging, it’s important to get it right to ensure you maintain credibility with potential buyers. Here are some must-know virtual staging dos and don’ts:DO:• Have any repairs or updates done before the photos are taken• Use professional virtual staging services• Label each photo as “virtually staged”• Sync décor choices with the style of the propertyDON’T:• Conceal or misrepresent issues or defects• Add anything other than furnishings and accessories (e.g., don’t change the wall colour, countertops, or floors)• Discard original photos of the roomDone right, your potential buyers will be inspired by the before and afters using virtual staging. Ultimately, you want them to see themselves living there, rather than feeling like the staging is a scam.If you think now might be the time to make a move, call me today -- 519-572-6804 #kwrealestateagent #realestate #realestatetips #kwrealestate #andyhendershot #andyhendersotrealestate #andysells ... See MoreSee Less

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Andy Hendershot Real Estate Services

2 months ago

👉 REAL ESTATE UPDATE 👈WATERLOO REGION, ON (September 5, 2024) —In August, a total of 539 homes were sold in the Waterloo Region via the Multiple Listing Service® (MLS®) System of the Cornerstone Association of REALTORS® (Cornerstone). This represents a decrease of 5.3 per cent compared to the same period last year and a decline of 24.1 per cent compared to the average number of homes sold in the previous ten years for the same month.Total residential sales in August included 335 detached homes (up 6.0 per cent from August 2023), and 103 townhouses (down 22.6 per cent). Sales also included 60 condominium units (down 18.9 per cent) and 40 semi-detached homes (down 11.1 per cent).In August, the average sale price for all residential properties in Waterloo Region was $769,203. This represents a 1.1 per cent increase compared to August 2023 and a 1.7 per cent decrease compared to July 2024.🏠 The average price of a detached home was $889,085. This represents a 0.8 per cent increase from August 2023 and a decrease of 2.7 per cent compared to July 2024.🏠 The average sale price for a townhouse was $611,164. This represents a 7.5 per cent decrease from August 2023 and a decrease of 1.5 per cent compared to July 2024.🏠 The average sale price for an apartment-style condominium was $457,075. This represents a decrease of 5.8 per cent from August 2023 and a decrease of 7.7 per cent compared to July 2024.🏠 The average sale price for a semi was $654,070. This represents a decrease of 2.8 per cent compared to August 2023 and a decrease of 1.9 per cent compared to July 2024.Full article:www.andysells.ca/waterloo-region-sees-strong-demand-for-detached-homes-amid-cooler-residential-sa...Contact me if you have questions about the market: 519-572-6804#kwrealestateagent #realestate #realestatetips #kwrealestate #andyhendershot #andyhendersotrealestate #AndySells ... See MoreSee Less

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Categories for Uncategorized

Waterloo Region Sees Decrease in Home Sales for September

The Power of Scent

Understanding How your Local Market Works

Pros and Cons of Accepting a Conditional Offer

Andy Hendershot Real Estate Services

Andy

Hendershot