Another very busy month for real estate in Kitchener Waterloo – 724 homes were sold in April 2010, up 12.6% from April 2009′s volume. The previous record for sales in April was set in 2007 with 711.
The average price of a single detahced home sold in Kitchener Waterloo in April rose to $327,196, an incrase of 12.3% over the average price reported in APril 2009.
The average value of a semi-detached home incrased 17.4% from $196,429 (average, April 2009) to $230,582 (average, April 2010), and the average sale price of condos increased 7.2% to $176,117.
Market Summary:
Volume is up; Prices are up.
Mortgage interest rates continue to rise, so if you’re looking to make a real estate investment in the next few months, it is profitable to lock in your loan interest rate now (ask me for details on how to do that) so you don’t end up paying more each month for the same property.
For questions about the current real estate market in Kitchener Waterloo, call me now at 519 772 4376, or email me at Benjamin@BenjaminBach.com
