How’s the Kitchener-Waterloo Real Estate Market and more real estate information, statistics and news.

real estate

The demand for great homes still sky high in Kitchener-Waterloo and in Waterloo Region, but some types of properties are now seeing a little bit of resistance from homebuyers, meaning day on market is expanding, and prices for certain homes and types of properties are under pressure to stay where they are or even move down. 

How’s the Kitchener-Waterloo Real Estate Market? 

In this monthly market update I show that although the market has cooled down, demand for great homes is still sky high. The average SP/LP ratio is at about 13% but the homes on my list are still at least 5% higher than that.

Nine Benefits Of Buying A Bungalow

Location

Affordability

Energy Efficiency

Cleaning and Maintenance

Accessibility

Excellent Resell Value

Simplicity

Cost of upgrading

Yard and Garden

What’s happening in Waterloo Region Rural Real Estate  

April statistics of listings and sales

There were 105 homes sold last month in the rural towns and townships through the Kitchener-Waterloo Real Estate Board.

The average list price for homes sold in Rural Waterloo Region last month was $803,195.

The average sold price for homes sold in Rural Waterloo Region last month was $896,030 (12.54% over list price).

The average days on market for these sales was 11.

The most affordable cities, towns and villages in Ontario

Windsor

London

Barrie

Kanata

Guelph

Kitchener-Waterloo Real Estate 7-Day Market Update

New listings: 190

Homes sold: 183

Conditional Sales: 23

Average days on market: 12

Median days on market: 8

Average list price: $648,641

Average close price: $737,348

Average SP/LP: 114.09%

Median list price: $599,900

Median close price: $700,000

Median SP/LP: 115.02%

The Cost of Selling Your Home

The average cost of selling a home is $21,000.

6 typical types of costs associated with selling your home

Real Estate Commissions 4% of sale price

Closing Costs 2% to 4% of sale price

Staging costs $500 – $3000

Repair costs

Moving costs

Holdover costs (for the period that you are owning two homes)

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