The December edition of our Tri-Cities Single Detached Home Report will examine:

  • Number of New Listings
  • Number of Sales
  • Average & Median Sale Price
  • Days on Market
  • List Price to Sale Price Ratio
  • Neighbourhood Specific Stats

SUMMARY

December Average Home Prices in:

  • Kitchener: $976,904
  • Waterloo: $1,206,072
  • Cambridge: $917,295

How Much Over Asking Are Homes Selling For in Kitchener, Waterloo, and Cambridge? In December, on average…

  • Kitchener: Approximately $145,000 over asking price
  • Waterloo: Approximately $290,000 over asking price
  • Cambridge: Approximately $170,000 over asking price

(This report focuses exclusively on single detached homes that sold in Kitchener-Waterloo).


12 Month Trends


Number of Sales

  • Kitchener: Year-Over-Year increase of +1.8% in December 2021 vs 2020.
  • Waterloo: Year-Over-Year decrease of -33.9% in December 2021 vs 2020.
  • Cambridge: Year-Over-Year decrease of -17.9% in December 2021 vs 2020.

Average Sale Prices

  • Kitchener: Year-Over-Year increase of +30.1% in December 2021 vs 2020.
  • Waterloo: Year-Over-Year increase of +61.7% in December 2021 vs 2020.
  • Cambridge: Year-Over-Year increase of +35.0% in December 2021 vs 2020.

Median Sale Prices

  • Kitchener: Year-Over-Year increase of +31.3% in December 2021 vs 2020.
  • Waterloo: Year-Over-Year increase of +54.6% in December 2021 vs 2020.
  • Cambridge: Year-Over-Year increase of +39.1% in December 2021 vs 2020.

Price Per Square Foot ($/SQFT)

  • Kitchener: Year-Over-Year increase of +22.5% in December 2021 vs 2020.
  • Waterloo: Year-Over-Year increase of +19.8% in December 2021 vs 2020.
  • Cambridge: Year-Over-Year increase of +24.4% in December 2021 vs 2020.

Percentage Sold Above Asking Price

  • Kitchener: Year-Over-Year increase of +14.3% in December 2021 vs 2020.
  • Waterloo: Year-Over-Year increase of +10.6% in December 2021 vs 2020.
  • Cambridge: Year-Over-Year increase of +15.5% in December 2021 vs 2020.

Days to Sell (Median)

  • Tri-Cities: The amount of days a home is selling in has remained fairly consistent, at about one week. This is largely due to listing agents scheduling a specific offer date, set for one week after the home goes on the market.

Kitchener-Waterloo Neighbourhood Focus

Average Sale Prices | Fourth Quarter (Oct-Dec)

Neighbourhood2021 Q42020 Q4% Change
Upper Beechwood/Beechwood W.$1,636,000$927,20876.4%
Hidden Valley/Pioneer Tower$1,626,333$1,541,4585.5%
Erbsville/Laurelwood$1,285,452$839,86253.1%
Colonial Acres/East Bridge$1,236,161$927,61333.3%
Trussler$1,221,250$804,02951.9%
Columbia Forest/Clair Hills$1,217,983$817,10549.1%
Idlewood/Lackner Woods$1,207,050$819,95747.2%
Lexington/Lincoln Village$1,192,477$796,14449.8%
Pioneer Park/Doon/Wyldwoods$1,144,275$873,19331.0%
Grand River North$1,080,464$791,13736.6%
Huron Park$1,041,506$806,00029.2%
Beechwood/University$1,012,838$804,25525.9%
Uptown Waterloo/Westmount$1,004,300$848,51918.4%
Northfield$1,000,000$810,00023.5%
Beechwood Forest/Highland W.$978,695$719,03136.1%
Lakeshore/Parkdale$965,550$635,21952.0%
Chicopee/Freeport$962,300$698,37637.8%
Laurentian Hills/Country Hills$938,454$665,72441.0%
Forest Heights$908,868$654,14838.9%
Glenridge/Lincoln Heights$898,867$655,85237.1%
Westvale$887,897$745,49019.1%
Lakeshore North$870,167$766,60013.5%
Heritage Park/Rosemount$858,232$661,03529.8%
Stanley Park/Centreville$856,625$646,75832.4%
Alpine Village/Country Hills$822,827$623,35632.0%
Bridgeport$819,826$735,56811.5%
Fairview/Kingsdale$792,307$599,47332.2%
Downtown Kitchener/W. Ward$788,657$650,94321.2%
Downtown Kitchener/East Ward$788,202$625,58626.0%
Forest Hill$784,651$618,09026.9%
Victoria Hills$779,264$539,23344.5%
Uptown Waterloo/North Ward$755,321$622,82521.3%
Downtown/Rockway/S. Ward$708,755$569,97024.3%

Number of Sales | Year-End Total (Jan-Dec)

Neighbourhood2021 Q42020 Q4% Change
Laurentian Hills/Country Hills333250-24.9%
Pioneer Park/Doon/Wyldwoods3253507.7%
Forest Hill182154-15.4%
Uptown Waterloo/North Ward179143-20.1%
Downtown Kitchener/East Ward175123-29.7%
Forest Heights173169-2.3%
Colonial Acres/East Bridge163138-15.3%
Idlewood/Lackner Woods162143-11.7%
Columbia Forest/Clair Hills1571633.8%
Heritage Park/Rosemount135107-20.7%
Lexington/Lincoln Village11715330.8%
Stanley Park/Centreville10886-20.4%
Glenridge/Lincoln Heights10582-21.9%
Westvale10293-8.8%
Lakeshore/Parkdale10079-21.0%
Huron Park9770-27.8%
Uptown Waterloo/Westmount9012943.3%
Downtown/Rockway/S. Ward9090
Beechwood Forest/Highland W.8275-8.5%
Erbsville/Laurelwood7872-7.7%
Fairview/Kingsdale7564-14.7%
Grand River North7152-26.8%
Beechwood/University71755.6%
Alpine Village/Country Hills6449-23.4%
Hidden Valley/Pioneer Tower6059-1.7%
Downtown Kitchener/W. Ward6035-41.7%
Bridgeport4947-4.1%
Lakeshore North4840-16.7%
Trussler4139-4.9%
Chicopee/Freeport4034-15.0%
Victoria Hills364216.7%
Upper Beechwood/Beechwood W.325159.4%
Northfield12100.0%

All statistics gathered independantly from KitchenerWaterloo Association of REALTORS® (KWAR).

This publication is not to be copied or duplicated without the express written permission of Roxanne Finn or Claxton Finn.

This publication is not intended to solicit buyers or sellers currently under contract with a brokerage.


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