Cambridge’s average sale price has surpassed the 300,000 dollar mark. Up over 6% from the first eight months of last year the current average sale price in Cambridge is $300,549. While prices are up, market activity has remained fairly consistent from last years’ numbers with no significant changes in inventory level or the number of units sold.
Kitchener’s market is continuing to experience a slight increase in supply and year to date has shown a modest 1.44% increase in the average sale price, bringing it to 274,580.
Our projections for Waterloo’s market have held true, we are continuing to experience an elevated supply of inventory with new listings up 14.91% year to date over last year and number of sales down by 1.06%. We are attributing this largely to the implementation of the rental property licensing by-law. Fortunately, thus far prices have remained stable; the average sale price in Waterloo currently sits at 327,422, up 2.06% over the same period of last year which is in line with the rest of the region.
Below you will find a link to a pdf copy of our market reports for the tri-cities. If you have any questions please call or email us anytime.
August 2012
For a more detailed report on a particular neighbourhood, please email us anytime.