Simplified Market Update: August 2019

Sales Continue To Heat Up — Did the summer vacation months cause real estate activity to dip? I think not!

In this Simplified Market Update for August 2019, we see a big number show up for townhomes and average sale prices rise yet again! Watch for full details for up-to-date market statistics for Kitchener Waterloo during the month of July.  Or read on below for specifics!

NUMBER OF SALES:  July 2019 compared to July 2018

  • 322 detached homes were sold (up 16.4% )
  • 62 condominium apartments (down 6.1%)
  • 148 freehold townhouses (up 45.1%).
  • 42 semi-detached homes (down 22.2%)

AVERAGE SALES PRICE SUMMARY: July 2019 compared to July 2018

The average sale price of all residential properties sold increased 9.3% to $521,101

Broken down by style of home:

  • Detached homes sold for an average price of $613,244 (up 5.4%)
  • Apartment style condominiums increased by $339,137 (up 15.9%).
  • Townhomes sold for an average of $414,062 (up 17.0%)
  • Semis sold for an average of $434,136 (up 11.9%)

HOMES LISTED ON MARKET: July 2019 compared to July 2018

Realtors listed 844 residential properties in K-W and area last month, a 12.8% increase

  • 10.4% increase compared to the previous ten-year average
  • The total number of homes available for sale in active status at the end of June totaled 863, a decrease of 8.7 per cent compared to July of last year, and well below the previous ten-year average of 1467 listings for July.
  • The average days it took to sell a home in June was 22 days equal to July 2018.

I hope you enjoyed our Simplified Market Update! We strive to keep you informed and aim to elevate your life through smart real estate decisions.

Cindy-Lou Schmidt
Cindy-Lou Schmidt

Broker / Manager
 
 
Cindy-Lou is a dedicated Broker/Owner and REALTOR® based in Waterloo who is proud to serve her hometown and community. She is adamant in the value of home ownership both for the financial and wealth benefits, but also as a foundation of healthy communities. With 7 years in the real estate business, and as a private investor since 2005, her experience and strategic approach to homes sales has been pivotal in building loyalty with her clients over the years.

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