Kitchener Waterloo Market Update for June – kitchener homes for sale

It  has been a fantastic first 6 months of 2010 here in the Kitchener/Waterloo Real Estate Market. The market has been extremely busy with both first time buyers competing in multiple offers and higher end homes selling well.

Here are some stats:

Total residential sales were up 16% in the first 6 months and we broke the 1 Billion mark for the first time ever by the end of June.

There was 2093 sales over the $250,000 price range which is up 45% over last year.

For homes over the $500,000 there was an 84% increase in units sold with a total of 205 units.

The average sale price for all residential sales for June was up 8.8% and up 10.7% year to date. Now even though the residential sales volume for June was down 12.1% over the previous year it was still on par with the May 2010.

Average sale prices for Kitchener/Waterloo

Single family home $331,841  up 10.2%

Semi detached  $240,747  up 12.0%

Free hold Town home $259,514  up 11.0%

Condo   $202,931  up 10.3%

Overall there were a total 634 residential homes sold on the Kitchener/Waterloo board for the month of June.

It has been an outstanding  year so far and the trend is looking good for the remainder of 2010. If you ever have any questions on the Kitchener/Waterloo Market or are looking to sell or buy please feel free to give me a call at 519-579-4110. or email to baker_kevin@rogers.com

Stats taken from the Kitchener Waterloo Real Estate Board dated July 6th, 2010.