Kitchener-Waterloo Real Estate Board
In Town Residential Properties
©George Patton, Broker
|JULY 16||JULY 17||Change||%|
|Average Sale Price||377,320||445,510||67,890||18.00|
|Median Sale Price||350,500||410,000||59,500||17.00|
Year to the end of the month of July
|Total Residential Sales||3,793||3,935||142||3.74|
|Total $ Volume||1,391,305,300||1,851,123,300||459,818,000||33.05|
Previous 12 months versus last 12 months
|Aug15 to July16||Aug 16 to July 17||Change||%|
|Total Residential Sales||5,650||6,202||552||9.77|
|Total $ Volume||2,023,752,300||2,790,545,900||766,793,600||37.89|
All information based on MLS® data owned by Kitchener-Waterloo Association of REALTORS® covering, 01/01/91 to 07/31/17, 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 July saw a considerable drop from May and June but still were slightly above the 5 year average (484). Sales of high end houses [sales over $550,000) showed the second consecutive month of reduced activity. They represented only 22% of total sales [up from 20% in June]. That number was around 30% in March/April/May.
Listings asking under $460,000 generally saw more activity than those above that number as firt time buyers were able to get into what has become a much more balanced market. Listings selling for more than asking ptice dropped below 44% of total sales and many of those were for amounts only a few hundred dollars over list price..
Royal LePage Wolle Realty, Brokerage