Another steady performance for November.
535 residential properties were sold in Kitchener-Waterloo and area through the Multiple Listing System (MLS)
November Sales Breakdown:
- 352 Detached Homes
- 118 Condominiums
- 32 Semi-Detached Homes
- 28 Freehold Townhouses
The average price of all residential properties sold in November increased 15.5 percent to $411,602 compared to November 2016
Average Home Price:
- $473,104 Detached Homes
- $209,360 Apartment Style Condominium
- $310,151 Townhomes
The median price of all residential properties sold in November increased 18 percent to $377,500.
Market recap from James Craig, President of KWAR:
“With a notable shortage of inventory, many properties are selling above list price this is because you have many buyers competing for fewer properties, and this is pushing up the average price.”
To learn more about the market and what this means to you, meet with Suzanne for coffee. Book a time with Suzanne now.
Source: http://www.kwar.ca/stats/November_2016_Stats_Release.pdf
