The January 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

January Average Home Prices in:

  • Kitchener: $1,117,988
  • Waterloo: $1,211,422
  • Cambridge: $1,106,424

(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 +19.1% in January 2022 vs 2021.
  • Waterloo: Year-Over-Year remained the same in January 2022 vs 2021.
  • Cambridge: Year-Over-Year increased of +8.5% in January 2022 vs 2021.

Average Sale Prices

  • Kitchener: Year-Over-Year increase of +33.1% in January 2022 vs 2021.
  • Waterloo: Year-Over-Year increase of +48.2% in January 2022 vs 2021.
  • Cambridge: Year-Over-Year increase of +43.2% in January 2022 vs 2021.

Median Sale Prices

  • Kitchener: Year-Over-Year increase of +29.8% in January 2022 vs 2021.
  • Waterloo: Year-Over-Year increase of +50.1% in January 2022 vs 2021.
  • Cambridge: Year-Over-Year increase of +33.9% in January 2022 vs 2021.

Price Per Square Foot ($/SQFT)

  • Kitchener: Year-Over-Year increase of +26.8% in January 2022 vs 2021.
  • Waterloo: Year-Over-Year increase of +17.8% in January 2022 vs 2021.
  • Cambridge: Year-Over-Year increase of +27.0% in January 2022 vs 2021.

Percentage Sold Above Asking Price

  • Kitchener: Year-Over-Year increase of +14.7% in January 2022 vs 2021.
  • Waterloo: Year-Over-Year increase of +12.0 in January 2022 vs 2021.
  • Cambridge: Year-Over-Year increase of +8.4% in January 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 2022)

Neighbourhood20222021Change
Hidden Valley/Pioneer Tower$2,699,000$1,331,500102.70%
Upper Beechwood/Beechwood W.$1,675,000$660,000153.79%
Idlewood/Lackner Woods$1,483,014$890,00066.63%
Pioneer Park/Doon/Wyldwoods$1,467,199$1,065,10537.75%
Colonial Acres/East Bridge$1,434,376$944,44451.88%
Columbia Forest/Clair Hills$1,380,083$910,88251.51%
Erbsville/Laurelwood$1,338,667[no sales][n/a]
Beechwood Forest/Highland W.$1,335,900$865,25054.39%
Beechwood/University$1,317,544$818,60060.95%
Huron Park$1,261,571$945,58033.42%
Trussler$1,255,508$861,00045.82%
Lexington/Lincoln Village$1,239,167$814,71852.10%
Westvale$1,199,200[no sales][n/a]
Uptown Waterloo/Westmount$1,194,200$748,25059.60%
Stanley Park/Centreville$1,130,798$749,83850.81%
Alpine Village/Country Hills$1,115,788$730,33352.78%
Chicopee/Freeport$1,101,050$651,00069.13%
Forest Heights$1,077,550$825,49330.53%
Laurentian Hills/Country Hills$1,053,794$781,48034.85%
Grand River North$1,052,333$913,77515.16%
Lakeshore North$1,000,600$860,35816.30%
Forest Hill$971,310$700,00038.76%
Glenridge/Lincoln Heights$954,333$711,16934.19%
Fairview/Kingsdale$948,220$628,00050.99%
Heritage Park/Rosemount$945,000$705,50033.95%
Lakeshore/Parkdale$916,000$792,42915.59%
Uptown Waterloo/North Ward$886,726$617,20043.67%
Downtown Kitchener/East Ward$881,433$657,11034.14%
Victoria Hills$841,000[no sales][n/a]
Downtown Kitchener/W. Ward$823,600$650,00026.71%
Bridgeport$818,000$782,3754.55%
Downtown/Rockway/S. Ward$738,750$650,60013.55%

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

Neighbourhood20222021Change
Laurentian Hills/Country Hills191258.33%
Forest Heights12120.00%
Pioneer Park/Doon/Wyldwoods1124-54.17%
Uptown Waterloo/North Ward9580.00%
Colonial Acres/East Bridge94125.00%
Downtown Kitchener/East Ward910-10.00%
Alpine Village/Country Hills83166.67%
Forest Hill83166.67%
Idlewood/Lackner Woods82300.00%
Huron Park7540.00%
Columbia Forest/Clair Hills611-45.45%
Lexington/Lincoln Village660.00%
Stanley Park/Centreville6450.00%
Erbsville/Laurelwood6[no sales][n/a]
Downtown Kitchener/W. Ward52150.00%
Uptown Waterloo/Westmount5425.00%
Westvale5[no sales][n/a]
Heritage Park/Rosemount5425.00%
Lakeshore/Parkdale57-28.57%
Fairview/Kingsdale52150.00%
Trussler42100.00%
Glenridge/Lincoln Heights38-62.50%
Grand River North330.00%
Beechwood Forest/Highland W.34-25.00%
Chicopee/Freeport21100.00%
Bridgeport24-50.00%
Victoria Hills2[no sales][n/a]
Downtown/Rockway/S. Ward25-60.00%
Lakeshore North25-60.00%
Beechwood/University25-60.00%
Upper Beechwood/Beechwood W.110.00%
Hidden Valley/Pioneer Tower12-50.00%

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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