Kitchener Waterloo Real Estate Market Report and other updates and real estate news

real estate market

There are a lot of moving parts to our local real estate market. Here’s what’s happening…

Kitchener Waterloo Real Estate Market Report

There were 843 residential homes sold last month.

The previous 10-year average number of residential sales for April was 618.

Total residential sales in April included 484 detached. 

In April, the average sale price for all residential properties in the Kitchener-Waterloo area was $757,906.

The average price of a detached home was $899,315.

The average sale price for an apartment-style condominium was $441,887.

The average sale price for a townhouse was $612,550.

The average sale price for a semi was $652,609.

There were 1,098 new listings added to the MLS® System in KW and area last month.

The total number of homes available for sale in active status at the end of April was 458.

The number of months of inventory was 0.7 in April, which is unchanged from March.

Nine Benefits Of Buying A Bungalow

Waterloo Region has a bevy of bungalows. And there are lots of great reasons to buy a bungalow.

Location

Affordability

Energy Efficiency

Cleaning and Maintenance

Accessibility

Excellent Resell Value

Simplicity

Cost of upgrading

Yard and Garden

The most affordable cities, towns and villages in Ontario

Most affordable large cities in Ontario:

Windsor

London

Barrie

Kanata

Guelph

Kitchener-Waterloo Real Estate 7-Day Market Update

New listings: 207

Homes sold: 167

Conditional Sales: 22

Average days on market: 13

Median days on market: 7

Average list price: $602,606

Average close price: $703,149

Average SP/LP: 116.39%

Median list price: $599,000

Median close price: $690,000

Median SP/LP: 115.52%

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