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.