fbpx
Market Updates

Kitchener – Waterloo real estate market recap: April 2019

By May 23, 2019No Comments

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.

Source: kwar.ca/april-home-sales-up-over-last-year

Leave a Reply

Skip to content