Cambridge’s average sale price is creeping ever closer to the 300,000 dollar mark. Up just over 6% from the first seven months of last year the current average sale price in Cambridge is $299,516. Though we are seeing a typical summer slow down in the market place Cambridge’s residential real estate market remains fairly balanced with a slight decrease in inventory but the average days on market remaining unchanged at 41 days.
Kitchener’s market remains steady experiencing only a slight increase in supply and a modest 1.22% increase in the average sale price, bringing it to 274,663.
The outlook for Waterloo continues into the summer months, with the impact of the implementation of the rental property licencing by-law continuing to provide an elevated supply of inventory with new listings up 14.97% year to date over last year and number of sales down by 2.56%. So far prices have remained stable, the average sale price in Waterloo currently sits at 329,671.
Click here to view the July reports.