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.

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