Best March EVER with 731 homes sold in Kitchener Waterloo

Residential KW real estate sales UP 47.1% and 52.3% for the year.

Days on market is down from 55 to 43 for the year.

Sales to active ratio 25.8%  was 16.2% in 2009, meaning 1 in 4 listed homes is selling each month, or that we currently have a 4 month supply of listings.

 Sales$ to list$ ratio was 98.4% - it was  97.7% 2009.  That means that the average home for sale in Waterloo ended up selling for 98.4% of the price it was listed for – so on average, a home listed for sale at 200K is selling for $196,800

 Average sale price for a detached home is up 14.2% to $322,974 for the year.

 Average sale price for a semi-detached house in Kitchener Waterloo is also up 6.1%, to $213,602 for the year.

 Average sale price for freehold townhomes down 8.9% to $228,768 for the year.
New listings up 23.2% for the month to 1133 and number of listings for the year 2892 is up 13.5%.

 If you have any questions about the Kitchener Waterloo Real Estate market, contact me at Benjamin@BenjaminBach.com or 519 772 4376