Top Stories from last week
byTop real estate stories from last week in Kitchener-Waterloo for the week ending January 31, 2020. What a week!
Top real estate stories from last week in Kitchener-Waterloo for the week ending January 31, 2020. What a week!
The outlook for Kitchener Waterloo residential real estate in 2021 is an increase in average price of 7%, to approximately $674,977 across all property types.
How did we get here?
In this month’s episode of ‘How’s the market’ we look back at 2020, especially the last four months of 2020 to show how we got here. Essentially early January + Lockdown = Lack of supply of homes available for sale. I’ve never seen such a lack a inventory, ever!
There were 6,492 residential homes sold in 2020, an increase of 9% compared to 2019. The average sale price increased by 16.1%.