Kitchener-Waterloo Real Estate Board

MLS® Statistics

In Town Residential Properties

©George Patton, Broker

  AUGUST 16AUGUST 17Change%
Listings 526602.76 14.45
Sales 533469(64)(12.01)
$ Volume 207,333,600209,315,4001,981,8000.01
Average Sale Price 388,990446,30057,31014.73
Median Sale Price 357,500410,00052,50014.69

Year to the end of the month of August

  20162017Change%
Total Residential Sales 4,3264,404780.02
Total $ Volume 1,598,638,9002,060,438,700461,799,800 28.89

Previous 12 months versus last 12 months   

  Set15 to Aug16Sep 16 to Aug 17Change%
Total Residential Sales 5,7676,1383716.43
Total $ Volume 2,090,068,9002,792,527,700702,458,800 33.61

All information based on MLS® data owned by Kitchener-Waterloo Association of REALTORS covering, 01/01/91 to 08/31/17, is considered accurate but cannot be guaranteed.  Listing numbers based on number as of last business day of month. Sales information does not include properties listed for rent & rented or those which do not provide year-round occupancy.

NOTES:  Sales for August were on a par with July as the market continues to moderate. We appear to be going back to the situation we saw over a year ago in some ways. New listings are not coming in at the volumes needed to provide a choice for buyers looking in a particular price range. The only saving grace is the fact that we appear to have fewer buyers in the market. Although listings are up from 12 months ago, 30 percent of these in higher price ranges where only one in 5 buyers is looking. Still the number of properties selling above asking price is fewer than one in 3 compared to over 4 out of 5 which was the case back in the spring.

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George Patton
Broker

Royal LePage Wolle Realty, Brokerage
578-7300