Courtesy of Melodie Fitzpatrick

AUGUST HOME SALES EASE AS PRICES CONTINUE TO RISE ALONG WITH DEMAND KITCHENER-WATERLOO, ON (September 5, 2019) – 459 residential properties sold through the Multiple Listing System (MLS ® System) of the Kitchener-Waterloo Association of REALTORS ® (KWAR) in August.

AVERAGE SALE PRICES

$615,568 detached UP 5.4% year-over-year

$324,778 condo

DOWN 3.1% year-over-year

Home sales in August included 267 detached, 56 condominium, 97

townhouses and 39 semi-detached homes. “The number of homes sold last month was below the average for August; however, we continue to see strong price gains across all property types,” says Brian Santos, KWAR President. The average sale price of all residential properties sold in August increased by 6.4 per cent to $524,482 compared to August 2018. Detached homes sold for an average price of $615,568 up 5.4 per cent compared to August 2018. The average sale price for an apartment- style condominium was $324,778 a decrease of 3.1 per cent. Townhomes and semis sold for an average of $420,239 (up 18.3 per cent) and $441,802 (up 10.2 per cent) respectively. REALTORS ® listed 574 residential properties in K-W and area last month. The total number of homes available for sale in active status at the end of August totalled 734. The average days it took to sell a home in August was 26 days. - Source: KWREB

574 734

ACTIVE LISTINGS (residential inventory)

NEW LISTINGS

267

SOLD LISTINGS 459

DAYS ON MARKET

26 (all residential)

56

Stats are Reflective of August 2019 Source: KWREB Market values stated are of the average of the Kitchener-Waterloo area. Individual home market values will vary and are affected by factors such as location, size, interior and exterior condition. Please call to get an up-to-date evaluation of your home.

single family detached SOLD LISTINGS condo

Melodie Fitzpatrick B r o k e r

cell: 519.591.4450 email: mefi@rogers.com

web: www.MelodieFitzpatrick.com or: www.OneHappyLittleRealtor.com

The greatest compliment my clients can give me is the referral of family and friends!

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