Good news for home sales and values in Kitchener - Waterloo!

With a total of 567 homes sales through the Multiple Listing System (MLS®) of the Kitchener-Waterloo Association of REALTORS®, the month of August posted a 9.2% increase in homes sales compared to the same month last year. 

Home sales in the month of August were also 9.3% per cent above the 5-year average for the month and were the second highest on record compared to August sales in the last five years. 
“The Kitchener-Waterloo and regional area housing market continues to be strong” says Lynn Bebenek, President of KWAR. “Higher than average sales activity in August and year-to-date speaks volumes about the confidence consumers have in our local economy and homeownership as an investment.” 

Residential sales in August included 367 single detached homes (up 4.9% from last year), 42 semi- detached (up 13.5%), 39 townhomes (up 77.3%) and 115 condominium units (up 11.7%). Year-to-date sales were also up 2.7 percent compared to the five year average with 4,648 homes being sold.

The average sale price of all residential sales through the KWAR’s MLS® System increased 3.9 per cent last month to $329,892 compared to August 2013. Single detached homes sold for an average price of $378,251 an increase of 5.4 per cent compared to last year. The average sale price for a condominium was $225,167, an increase of 1.5 percent and the average sale price for a freehold townhome was $287,369, a decrease of 1.9 percent from the same time last year.  

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