Kitchener-Waterloo Real Estate Board
In Town Residential Properties
©George Patton, Broker
|AUGUST 16||AUGUST 17||Change||%|
|Average Sale Price||388,990||446,300||57,310||14.73|
|Median Sale Price||357,500||410,000||52,500||14.69|
Year to the end of the month of August
|Total Residential Sales||4,326||4,404||78||0.02|
|Total $ Volume||1,598,638,900||2,060,438,700||461,799,800||28.89|
Previous 12 months versus last 12 months
|Set15 to Aug16||Sep 16 to Aug 17||Change||%|
|Total Residential Sales||5,767||6,138||371||6.43|
|Total $ Volume||2,090,068,900||2,792,527,700||702,458,800||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.
Royal LePage Wolle Realty, Brokerage