In April, there was a 1.1% increase in home sales compared to April in 2018, up 2.2% compared to the previous ten-year average for April.
“While sales of detached homes did jump a fair bit compared to the same month last year, they were actually on par with the previous 10-year average for April.”
Brian Santos, President of KWAR
April Sales Breakdown:
- 394 Detached Home Sales
- 75 Condominium Sales
- 113 Semi-Detached Home Sales
- 41 Freehold Townhouse Sales
The average sale price of all residential properties sold in April increased by 10.9% to $529,800 compared to April 2018.
Average Home Price:
- $611,803 Detached Homes
- $339,426 Apartment Style Condominiums
- $405,013 Townhomes
- $433,949 Semis
The median price of all residential properties sold in April increased by 11.4% to $490,000.
Market recap from Brian Santos, President of KWAR:
“These are the highest sale prices we’ve ever posted in a single month. It’s only the third time the overall residential sale price has exceeded half a million, and for the first time, the average price of a detached home climbed over the 600-thousand-dollar mark.”
To learn more about the market and what this means to you, meet with Suzanne for coffee. Book a time with Suzanne now.
Find more information about the Kitchener-Waterloo real estate market here.