Kitchener-Waterloo Real Estate Board
In Town Residential Properties
©George Patton, Broker
|JANUARY 18||JANUARY 19||Change||%|
|Average Sale Price||427,080||472,520||45,440||10.64|
|Median Sale Price||417,000||450,000||33,000||7.91|
Year to the end of the month of January
|Total Residential Sales||as above|
|Total $ Volume||as above|
Previous 12 months versus last 12 months
|Feb 17 - Jan 18||Feb 18 - Jan 19||Change||%|
|Total Residential Sales||5,883||5,355||(558)||(8.98)|
|Total $ Volume||2,707,899,300||2,548,266,300||(159,633,000)||(5.89)|
All information based on MLS® data owned by Kitchener-Waterloo Association of REALTORS® covering, 01/01/91 to 01/31/19, 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: If you bought a K-W residential property in 2010 it is likely that its value has increased by about 70%.
Our market is still busy in certain price ranges and, although about 30% of sales are above asking price we are seeing multiple offers where all offers are below asking price and contain conditions.
The increases in average and median prices year over year should not be construed as values jumping up. In fact, both average and median prices were flat from December 2018 to January 2019 and within a range similar to most of 2018.
Royal LePage Wolle Realty, Brokerage