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 of Record, REALTOR®
 
 
Cindy-Lou loves serving her hometown, and you’ll likely find her in a coffee shop in a meeting if she’s not found at the Brokerage office, her mobile office (a.k.a. her car) or her home office. Growing up in a family of real estate investors, she has seen the power of real estate in elevating people’s lives and strives to bring value to her community. Cindy-Lou enjoys sharing knowledge as a digital creator through vlogging and blogging while drinking great coffee! During her downtime, she can be found cooking meals from scratch and sneaking snacks with her dog Betty.

Find me on: Instagram