Average detached home in Kitchener-Waterloo sold for over $8

Average detached home in Kitchener-Waterloo sold for over $850K last month


 
KITCHENER --
The average detached home in Kitchener-Waterloo sold for nearly $854,000 last month, marking the first time the average has been over $800,000.
That's 24.9 per cent more than the number sold through January 2020, while the 10-year average number of residential sales through January is 286.
KWAR President Nicole Pohl said in a news release that "nothing has been typical about our housing market."
The total residential sales are broken down as such:
Detached: 201 sold for an average price of $853,945
Condominium: 71 sold for an average price of $383,196
Semi-detached: 21 sold for an average of $626,512
Freehold townhouses: 56 sold for an average of $566,345
"With demand for homes unabated and consumer preferences leaning predominantly toward single detached homes, in January we saw buyers paying a premium for this property type," Pohl said in a news release.

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