Kitchener-Waterloo Real Estate Board
In Town Residential Properties
©George Patton, Broker
|FEBRUARY 17||FEBRUARY 18||Change||%|
|Average Sale Price||443,370||468,410||25,040||5.65|
|Median Sale Price||425,000||430,000||5,000||1.18|
Year to the end of the month of February
|Total Residential Sales||705||600||(105)||(14.89)|
|Total $ Volume||302,794,100||271,085,500||31,708,600||(10.47)|
Previous 12 months versus last 12 months
|Mar 16 to Feb 17||Mar 17 to Feb 18||Change||%|
|Total Residential Sales||6,106||5,823||(283)||(4.63)|
|Total $ Volume||2,404,604,000||2,690,264,600||285,660,600||11.88|
All information based on MLS® data owned by Kitchener-Waterloo Association of REALTORS® covering, 01/01/91 to 02/28/18, is considered accurate but cannot be guaranteed. Listing numbers based on number as of last day of month. Sales information does not include properties listed for rent & rented or those which do not provide year-round occupancy.
NOTES: February numbers show that the market is starting to roll for 2018. More listings appeared but, in many price ranges, these were not enough to fill demand. Sales over asking price jumped from around 30% of sales through the fall and January, to 43% in February. We saw a significant rise in average and median prices from January returning near the levels of May 2017. If this trend continues we may see the return to a sellers' market somewhat like the spring of 2017. I do not expect it to be as extreme given that the market in the GTA has cooled somewhat.
Royal LePage Wolle Realty, Brokerage