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Market Updates

Kitchener – Waterloo real estate market recap: September 2020

By October 7, 2020No Comments

Last month home sales in Kitchener-Waterloo were up 42% compared to September 2019.

 

“This is far more home sales then what we would normally see in September as buyers continue to play catch up from the COVID-19 hindered spring market…While the pandemic has had devastating impacts on many aspects of our lives it has only solidified the importance of home and homeownership.”

Colleen Koehler, President of KWAR

 

September Sales Breakdown:

  • 431 Detached Home Sales
  • 93 Condominium Sales
  • 178 Freehold Townhouse Sales
  • 54 Semi-Detached Home Sales

The average sale price of all residential properties sold in September was up by 17.5% to $637,691 compared to September 2019.

Average Home Price:

  • $768,762 Detached Homes
  • $390,690 Apartment-Style Condominiums
  • $476,636 Townhomes
  • $544,874 Semis

It took an average of 14 days to sell a home in September, compared to 23 days in September 2019.

Market recap from Colleen Koehler, President of KWAR:

“We saw more new listings coming to the market in September which was welcome…However, demand continues to outpace supply.”

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/september-home-sales-2020

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