Kitchener-Waterloo 7 Day Real Estate Market Trends
It looks like the winter market has begun.
Kitchener Waterloo Real Estate Market Report
597 residential homes sold last month Compared to the same month last year, November sales were up 4.4% The previous ten-year average number of residential sales for November is 446. Total residential sales in November included 324 detached (down 3.9% from November 2020). 106 condominium units sold last month (up 27.7%). Sales also included 30 semi-detached homes (down 25%) and 136 townhouses (up 21.4%). In November, the average sale price for all residential properties in the Kitchener Waterloo area was $821,969. This is a 28.9% increase over November 2020 The average price of a detached home was $990,447. This is a 31% increase from November 2020.
Kitchener Waterloo has the 3rd tightest real estate market in Canada
Expect growth through 2023
What’s happening in Waterloo Region Rural Real Estate
The average list price for homes listed in Rural Waterloo Region is currently $1,205,500. The Median list price for homes currently listed for sale in rural Waterloo Region is $949,900. There were 64 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 $861,029. The average sold price for homes sold in Rural Waterloo Region last month was $986,140 (18% over list price.) The average days on market for these sales was 11.
New construction home prices in Kitchener-Waterloo up by nearly 4% in October.
The price for new homes has increased by almost as much as resale homes.