KITCHENER-WATERLOO, ON (May, 2015) -- Residential sales through the Multiple Listing
System (MLS® System) of the Kitchener-Waterloo Association of REALTORS® (KWAR)
were strong in April with 539 properties sold in Kitchener-Waterloo. This represents
an 11.4% increase compared to April of 2014, and 7.8% above the 5 year average
for April. 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.
Residential
sales across all areas transacted through the KWAR's MLS® System totalled 2,124
year-to-date, an 8.4% increase from the same time last year and once again 0.7%
below the 5 year average.
"The spring market is definitely
in full swing here in Waterloo Region," says Mark Wolle, President of KWAR. "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. If you ever have any questions about
the current Kitchener Waterloo Housing market...please Call Cleeves. Just Call
Cleeves 519-841-0559 Want the Hottest listing to your email ASAP! Click Here Looking
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