Sales surge in Kitchener-Waterloo

Realtors report that home sales in Kitchener-Waterloo have started 2016 well. The regional real estate association’s MLS sales surged 29.8 per cent compared to a year earlier with 309 properties sold. That includes 209 single-detached homes, up 33.1 per cent year-over-year; 14 semi-detached, down 17.6 per cent; 21 townhomes, up 31.3 per cent; and 67 condos, up 31 per cent.

Average prices saw strong gains too; single-detached homes were up 10.5 per cent to $409,101; semi-detached up 10 per cent to $283,966; and townhomes up 12.4 per cent to $311,509. Condo prices decreased 7.6 per cent year-over-year to $214,464 on average.

“Buyers and sellers will be all the more eager once spring hits, and we are expecting a strong spring market,” said Charlotte Zawada, president of the Kitchener-Waterloo Association of Realtors, “With interest rates holding steady we should continue to draw people looking to live and invest in Waterloo Region.”

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