Monthly/Yearly Kitchener-Waterloo MLS Real Estate Stats for March 2010
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%.
In terms of the Waterloo Condo market, there were 117 condos sold in Kitchener Waterloo in march, (MLS areas 1,2,3 & 4), a 51.9% increase from march 2009
If you have any questions about the Kitchener Waterloo Real Estate market, contact me at Benjamin@BenjaminBach.com or 519 772 4376
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