Sustainable housing and real estate in Kitchener-Waterloo Region


July keeps the pace. The market is still going strong!

The market is going strong, with the unit sales and average sale price for homes sold in July 2009 being the second highest ever recorded for the Kitchener-Waterloo region. The 2008 housing peak, broken by recession fears, appears to be normalizing on an higher slope than the pre-2008 levels.

There were 522 unit sales last month in the K-W, with an average sale price of $274,895.  A total of 486 residential units sold in July; 314 of which were single family detached homes. The average sale price for single family detached homes was $316,436. Of the other residential properties sold, there were 38 semi-detached properties (average sale price $210,050), 33 freehold properties (average sale price $227,324), 97 condo units (average sale price $178,773), 1 co-operative unit (sale price $62,000), and 3 link homes (average sale price $202,500). 12 multi family units were sold,  1 non-residential land unit sold, and 23 commercial properties sold.

Of the 486 units sold, 452 were resale homes and 34 were new homes.

The majority of home sold in July were in the $200,000 to $299,999 range (233 out of the 486 sales). There were 96 sales in the $100,000 to $199,999 price range and 12 homes in the under $99,999 price range. 89 (of 486) homes sold in the $300,000 to $399,999 price range. 35 homes sold in the $400,000 to $499,999 price range. 17 homes sold in the $500,000 to $749,999 price range. 3 homes sold in the $750,000 to $999,999 price range, with one home over a $1 million sold.

Kitchener west of King Street once again had the highest number of sales with 203 units sold, followed by Waterloo west of King Street with 131 units sold. Waterloo east of King Street had 73 sales and Kitchener east of King Street had 79 sales.

The total volume of sales in Kitchener-Waterloo region in July was worth $143,495,025, the majority of that ($133,095,923) in residential sales.

There were 789 new listing processed in July, 667 of those in residential units and 91 commercial units. A total of 1,862 units remain active in the Kitchener-Waterloo region and are just awaiting the proper buyer. Now’s your chance to find the perfect property for you! Ask me if you’d like to start viewing some properties today (rebecca.sargent@century21.ca or Direct at 519-591-4299!)

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1 Comment so far
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Yes you are correct,market is still strong

Comment by Sell Your House




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