Last month home sales in Kitchener-Waterloo were up 42% compared to October 2019.
“This is the fourth month in a row we have set a monthly record number of home sales…Demand for homes in October continued to strongly outpace supply in Kitchener-Waterloo and area.”
Colleen Koehler, President of KWAR
October Sales Breakdown:
- 417 Detached Home Sales
- 94 Condominium Sales
- 134 Freehold Townhouse Sales
- 46 Semi-Detached Home Sales
The average sale price of all residential properties sold in October was up by 19.4% to $635,301 compared to October 2019.
Average Home Price:
- $742,596 Detached Homes
- $395,627 Apartment-Style Condominiums
- $499.641 Townhomes
- $539,434 Semis
It took an average of 13 days to sell a home in October, compared to 23 days in October 2019.
Market recap from Colleen Koehler, President of KWAR:
“While our association does not track where buyers are coming through the MLS® System, I can say unequivocally we are seeing strong demand from GTA buyers. What people want and need in a home, and where they want to be located has been redefined in a very short period. Waterloo region is quite rightly, a highly desirable place to own a home.”
To learn more about the market and what this means to you, connect with Suzanne.
Find more information about the Kitchener-Waterloo real estate market here.