The August 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

For the seventh consecutive month, sale prices have declined in the Tri-Cities, following a similar trend as the rest of the province.

August Average Home Prices in:

  • Kitchener: $813,759
  • Waterloo: $894,704
  • Cambridge: $826,390

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


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12 Month Trends


Number of Sales

  • Kitchener: Year-Over-Year decrease of -4.3% in August 2022 vs 2021.
  • Waterloo: Year-Over-Year decrease of -25.0% in August 2022 vs 2021.
  • Cambridge: Year-Over-Year increase of +21.5% in August 2022 vs 2021.

Average Sale Prices

  • Kitchener: Year-Over-Year decrease of -4.2% in August 2022 vs 2021.
  • Waterloo: Year-Over-Year decrease of -7.8% in August 2022 vs 2021.
  • Cambridge: Year-Over-Year increase of +0.5% in August 2022 vs 2021.

Median Sale Prices

  • Kitchener: Year-Over-Year decrease of -2.9% in August 2022 vs 2021.
  • Waterloo: Year-Over-Year decrease of -10.4% in August 2022 vs 2021.
  • Cambridge: Year-Over-Year decrease of -3.9% in August 2022 vs 2021.

Price Per Square Foot ($/SQFT)

  • Kitchener: Year-Over-Year decrease of -5.9% in August 2022 vs 2021.
  • Waterloo: Year-Over-Year decrease of -7.7% in August 2022 vs 2021.
  • Cambridge: Year-Over-Year decrease of -8.5% in August 2022 vs 2021.

Percentage Sold Above Asking Price

  • Kitchener: Year-Over-Year decrease of -15.0% in August 2022 vs 2021.
  • Waterloo: Year-Over-Year decrease of -10.0% in August 2022 vs 2021.
  • Cambridge: Year-Over-Year decrease of -13.8% in August 2022 vs 2021.

Days to Sell (Median)

  • Tri-Cities: Homes are now selling on an average of 15 days in the Tri-Cities compared to an average of 7 days in August of 2021.

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Kitchener-Waterloo Neighbourhood Focus

Average Sale Prices | Year-to-Date (Jan-August 2022)

Neighbourhood20222021Change
Hidden Valley/Pioneer Tower$1,698,044$1,631,1304%
Upper Beechwood/Beechwood W.$1,458,729$1,132,99029%
Beechwood/University$1,340,386$1,046,13628%
Colonial Acres/East Bridge$1,240,454$1,199,2893%
Columbia Forest/Clair Hills$1,229,546$1,010,29422%
Pioneer Park/Doon/Wyldwoods$1,226,405$1,008,44122%
Idlewood/Lackner Woods$1,224,906$1,062,62915%
Huron Park$1,198,212$927,33629%
Trussler$1,187,452$936,12827%
Erbsville/Laurelwood$1,176,304$1,074,8229%
Lexington/Lincoln Village$1,136,055$1,056,6998%
Beechwood Forest/Highland W.$1,037,402$883,08017%
Uptown Waterloo/Westmount$1,035,009$967,3057%
Westvale$1,002,190$882,63314%
Chicopee/Freeport$1,001,184$839,20019%
Grand River North$995,638$849,87917%
Bridgeport$958,679$853,37412%
Lakeshore North$954,988$873,8719%
Forest Heights$944,927$789,79020%
Lakeshore/Parkdale$924,261$748,44823%
Laurentian Hills/Country Hills W$922,158$797,31416%
Alpine Village/Country Hills$921,691$757,17922%
Glenridge/Lincoln Heights$901,287$783,84215%
Stanley Park/Centreville$869,184$770,90613%
Forest Hill$855,046$724,69718%
Heritage Park/Rosemount$853,941$771,25911%
Fairview/Kingsdale$828,052$694,18719%
Uptown Waterloo/North Ward$811,424$701,22316%
Downtown Kitchener/East Ward$793,141$724,11510%
Downtown Kitchener/W. Ward$775,522$701,49611%
St Jacobs/Floradale/W.Montrose$710,000$356,66799%
Downtown/Rockway/S. Ward$710,552$666,6817%
Victoria Hills$754,279$696,2198%

Number of Sales | Year-to-Date (Jan-August 2022)

Neighbourhood20222021Change
Laurentian Hills/Country Hills W195238-18%
Pioneer Park/Doon/Wyldwoods182255-29%
Idlewood/Lackner Woods1271197%
Forest Heights123129-5%
Downtown Kitchener/East Ward114121-6%
Forest Hill108143-24%
Uptown Waterloo/North Ward107126-15%
Lexington/Lincoln Village92867%
Heritage Park/Rosemount83101-18%
Columbia Forest/Clair Hills74113-35%
Huron Park72720%
Westvale6874-8%
Colonial Acres/East Bridge68124-45%
Erbsville/Laurelwood665520%
Uptown Waterloo/Westmount66660%
Stanley Park/Centreville5976-22%
Fairview/Kingsdale5255-5%
Beechwood Forest/Highland W.5162-18%
Alpine Village/Country Hills49490%
Lakeshore/Parkdale4873-34%
Downtown/Rockway/S. Ward4665-29%
Grand River North4256-25%
Glenridge/Lincoln Heights3883-54%
Downtown Kitchener/W. Ward3642-14%
Chicopee/Freeport352921%
Victoria Hills312715%
Hidden Valley/Pioneer Tower2840-30%
Beechwood/University2850-44%
Bridgeport2537-32%
Lakeshore North2541-39%
St Jacobs/Floradale/W.Montrose13-67%
Trussler2032-38%
Upper Beechwood/Beechwood W.2230-27%

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

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

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


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