Kitchener-Waterloo Real Estate Board
In Town Residential Properties
©George Patton, Broker
|SEPTEMBER 16||SEPTEMBER 17||Change||%|
|Average Sale Price||389,660||431,700||42,050||14.73|
|Median Sale Price||357,500||410,000||52,500||10.79|
Year to the end of the month of September
|Total Residential Sales||4,795||4,816||21||0.44|
|Total $ Volume||1,781,425,400||2,238,298,600||456,873,200||25.65|
Previous 12 months versus last 12 months
|Oct 15 to Sep 16||Aug 16 to Sep 17||Change||%|
|Total Residential Sales||5,868||6,081||213||3.63|
|Total $ Volume||2,147,664,400||2,787,601,100||639,936,700||29.80|
All information based on MLS® data owned by Kitchener-Waterloo Association of REALTORS® covering, 01/01/91 to 09/30/17, 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: We continue to be part of a market in transition. We did not see the strong fall bounce that could have happened in September. Still, there were multiple offers on some listings with 35% of sales being above the asking price. A major cause is the lack of listings. Three quarters of total sales for September were below $500,000 but listings over $500,000 represented 45% of total properties for sale at the end of the month. So, 55% of listings are sought after by 75% of buyers. Although average & median prices have fallen, values are holding with average price up 14% and median price up 16.6% from the same period last year.
Royal LePage Wolle Realty, Brokerage