Sales numbers were up considerably for April over same time last year, while the average sale price increase was 4.1% for all home types and 3% for single detached home. Residential home sales in Kitchener-Waterloo were strong in April, with 539 properties sold. This represents an 11.4% increase compared to April of 2014, and 7.8% above the 5 year average for April.
However, with a total of 1,507 home sales year-to-date in Kitchener-Waterloo, 7.3% above last year’s total for the same period but 4.1% below the 5 year average, the real estate landscape in K-W looks more tempered.
The spring market is definitely in full swing here in Waterloo Region. We’re seeing sales activity that is fairly steady and consistent comparing to 5-year trends which speaks to the stability of the market here in Kitchener-Waterloo.
Once again sales activity in KW in the $300,000 – $399,999 posted a healthy increase in the month of April with 200 homes sold in that range, a 39.9% increase from the same time last year. Sales in KW included 357 single detached homes (up 14.4 %), 106 condominium units (down 0.9 %), 28 semi-detached (up 3.7%) and 47 freehold townhouses (up 30.6%).
The average sale price of residential sales across the KW area only increased 4.1 percent to $346,702 compared with April 2014. Single detached homes sold for an average price of $392,951 an increase of 3.0% compared to last year. Condominium market prices were up 0.7%, with the average condo unit selling for $231,430.
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