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Market Updates

Kitchener – Waterloo real estate market recap: October 2019

By November 5, 2019December 3rd, 2019No Comments

In October, home sales in Kitchener-Waterloo were up 4.1% compared to October 2018.

 

“Home sales were up again last month led by strong sales of detached single family properties.”

Brian Santos, President of KWAR

 

 

October Sales Breakdown:

  • 334 Detached Home Sales
  • 65 Condominium Sales
  • 108 Freehold Townhouse Sales
  • 31 Semi-Detached Home Sales

The average sale price of all residential properties sold in October increased by 9.1% to $533,288 compared to October 2018.

Average Home Price:

  • $610,840 Detached Homes
  • $333,895 Apartment Style Condominiums
  • $434,035 Townhomes
  • $461,590 Semis

The median price of all residential properties sold in October increased by 12.4% to $500,000.

It took an average of 22 days to sell a home in October, down two days from October 2018.

Market recap from Brian Santos, President of KWAR:

“Seasonal strength in October is common as people to look to make moves before Winter. With a scarcity of listings, buyers continue to snap up properties in the Kitchener-Waterloo area at a robust rate.”

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-october-despite-low-inventory

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