In August, there was a 0.8% decrease compared to last month and an increase of 4.8% compared to home sales a year ago.
“On a year-to-date basis, we’re still well below last year’s record-breaking number of home sales but still in line with historical averages.”
Tony Schmidt, President of KWAR
August Sales Breakdown:
- 301 Detached Home Sales
- 129 Condominium Sales
- 35 Semi-Detached Home Sales
- 33 Freehold Townhouse Sales
The average sale price of all residential properties sold in August increased by 11.5% to $493,358 compared to August 2017.
Average Home Price:
- $583,564 Detached Homes
- $335,827 Apartment Style Condominiums
- $350,803 Townhomes
- $401,011 Semis
The median price of all residential properties sold in August increased 10.4% to $458,000.
Market recap from Tony Schmidt, President of KWAR:
“I certainly don’t see interest in Waterloo region as a place to live and work slowing down anytime soon, so we could definitely stand to see some more housing supply.”
The average days it took to sell a home in August was 28 days.
To learn more about the market and what this means to you, meet with Suzanne for coffee. Book a time with Suzanne now.