The February 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

February Average Home Prices in:

  • Kitchener: $1,170,325
  • Waterloo: $1,269,536
  • Cambridge: $1,149,298

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

Kitchener: $209,728
Waterloo: $240,762
Cambridge: $230,053

(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 +5.6% in February 2022 vs 2021.
  • Waterloo: Year-Over-Year increase of +9.3% in February 2022 vs 2021.
  • Cambridge: Year-Over-Year increase of +1.6% in February 2022 vs 2021.

Average Sale Prices

  • Kitchener: Year-Over-Year increase of +36.1% in February 2022 vs 2021.
  • Waterloo: Year-Over-Year increase of +27.8% in February 2022 vs 2021.
  • Cambridge: Year-Over-Year increase of +41.0% in February 2022 vs 2021.

Median Sale Prices

  • Kitchener: Year-Over-Year increase of +35.5% in February 2022 vs 2021.
  • Waterloo: Year-Over-Year increase of +33.3% in February 2022 vs 2021.
  • Cambridge: Year-Over-Year increase of +30.9% in February 2022 vs 2021.

Price Per Square Foot ($/SQFT)

  • Kitchener: Year-Over-Year increase of +28.2% in February 2022 vs 2021.
  • Waterloo: Year-Over-Year increase of +33.4% in February 2022 vs 2021.
  • Cambridge: Year-Over-Year increase of +28.9% in February 2022 vs 2021.

Percentage Sold Above Asking Price

  • Kitchener: Year-Over-Year increase of +13.4% in February 2022 vs 2021.
  • Waterloo: Year-Over-Year increase of +8.9 in February 2022 vs 2021.
  • Cambridge: Year-Over-Year increase of +13.2% in February 2022 vs 2021.

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 | Year-to-Date (Jan-Feb 2022)

Neighbourhood20222021Change
Hidden Valley/Pioneer Tower$2,090,571$1,648,18626.84%
Upper Beechwood/Beechwood W.$1,758,667$1,160,33351.57%
Beechwood/University$1,741,698$933,88286.50%
Colonial Acres/East Bridge$1,496,126$1,250,39219.65%
Pioneer Park/Doon/Wyldwoods$1,427,836$1,017,40240.34%
Erbsville/Laurelwood$1,409,983$942,23049.64%
Idlewood/Lackner Woods$1,399,629$961,83945.52%
Columbia Forest/Clair Hills$1,377,915$1,000,34037.74%
Trussler$1,340,433$894,00049.94%
Huron Park$1,318,337$923,77142.71%
Grand River North$1,226,790$943,40130.04%
Lexington/Lincoln Village$1,222,205$846,39644.40%
Beechwood Forest/Highland W.$1,221,120$839,50145.46%
Westvale$1,174,867$846,75038.75%
Chicopee/Freeport$1,173,290$647,66781.16%
Alpine Village/Country Hills$1,126,860$726,41455.13%
Laurentian Hills/Country Hills W.$1,101,335$786,39540.05%
Stanley Park/Centreville$1,091,979$744,47346.68%
Uptown Waterloo/Westmount$1,074,524$862,20024.63%
Forest Heights$1,062,011$804,56632.00%
Lakeshore/Parkdale$1,040,493$790,98931.54%
Glenridge/Lincoln Heights$1,036,911$742,18739.71%
Lakeshore North$983,867$945,8194.02%
Fairview/Kingsdale$970,347$660,72946.86%
Heritage Park/Rosemount$951,364$757,00025.68%
Forest Hill$946,787$728,44729.97%
Downtown Kitchener/East Ward$916,520$679,20534.94%
Uptown Waterloo/North Ward$914,303$717,93827.35%
Victoria Hills$876,833$764,50014.69%
Downtown Kitchener/W. Ward$844,667$734,42915.01%
St Jacobs/Floradale/W.Montrose$710,000[no sales][n/a]
Downtown/Rockway/S. Ward$816,033$735,17211.00%
Bridgeport$818,000$913,280-10.43%

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

Neighbourhood20222021Change
Laurentian Hills/Country Hills43407.50%
Forest Heights362356.52%
Pioneer Park/Doon/Wyldwoods3649-26.53%
Idlewood/Lackner Woods2814100.00%
Forest Hill20195.26%
Downtown Kitchener/East Ward20200.00%
Fairview/Kingsdale197171.43%
Huron Park191435.71%
Columbia Forest/Clair Hills1920-5.00%
Uptown Waterloo/North Ward181612.50%
Lexington/Lincoln Village181250.00%
Alpine Village/Country Hills157114.29%
Colonial Acres/East Bridge15150.00%
Westvale154275.00%
Erbsville/Laurelwood157114.29%
Lakeshore/Parkdale14140.00%
Uptown Waterloo/Westmount141040.00%
Heritage Park/Rosemount14137.69%
Glenridge/Lincoln Heights1019-47.37%
Stanley Park/Centreville10100.00%
Grand River North1016-37.50%
Beechwood Forest/Highland W.10100.00%
Trussler7475.00%
Hidden Valley/Pioneer Tower770.00%
Downtown Kitchener/W. Ward67-14.29%
Downtown/Rockway/S. Ward611-45.45%
Lakeshore North68-25.00%
Victoria Hills62200.00%
Chicopee/Freeport5366.67%
Beechwood/University517-70.59%
St Jacobs/Floradale/W.Montrose1[No Sales][n/a]
Bridgeport212-83.33%
Upper Beechwood/Beechwood W.330.00%
Chicopee/Freeport5366.67%

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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