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Market Updates

Kitchener – Waterloo real estate market recap: June 2019

By July 4, 2019July 6th, 2019No Comments

In June, home sales in Kitchener-Waterloo were up 8.8% compared to June 2018.

 

“Home sales continued their strong momentum from last month. On a year-to-date basis we’re seeing sales have increased slightly over last year’s mid-year mark.”

Brian Santos, President of KWAR

June Sales Breakdown:

  • 404 Detached Home Sales
  • 50 Condominium Sales
  • 45 Semi-Detached Home Sales
  • 159 Freehold Townhouse Sales

The average sale price of all residential properties sold in June increased by 8.9% to $533,619 compared to June 2018.

Average Home Price:

  • $618,186 Detached Homes
  • $332,716 Apartment Style Condominiums
  • $411,126 Townhomes
  • $430,427 Semis

The median price of all residential properties sold in June increased by 9.9% to $494,500.

Market recap from Brian Santos, President of KWAR:

“We’re still in a solid seller’s market situation heading into the summer months. While more new listings are coming onto the market, strong buying demand is keeping supply tight.”

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/strong-home-sales-in-june/

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