Residential Real Estate Market Reports for the Waterloo Region
The number of new listings in Cambridge in August 2013 was up 10.28%, from August of 2012, sales are also up an impressive 20.74% year over year. Conclusions shouldn’t be draw prematurely from these dramatic monthly changes however, more telling as always are the year to date numbers. So far 2013’s market activity is relatively stable new listings are down just over 1% but sales are up 1.55%. Prices are also enjoying a surge this year, thus far we are up 3.09% bringing up to an average sale price of $310,262.
Though we have experienced a significant decrease in market activity levels in Kitchener, with the number of new listings down 11.5% and the number of sales down 4.25% so far this year, these changes are not having an effect on pricing, with the average sale price increasing 3.59% to $284,357 year to date.
Waterloo is enjoying a great year so far, new listings are up just shy of 1.99% and sales are up 9.31% this decrease in inventory levels has led to a increase of 4% in the average sale price, bringing the average price for a home in Waterloo to $340,265.
Click here to view our full report with links to the pdf reports prepared for each city