exterior of modern house with glass doors and panoramic windows
exterior of modern house with glass doors and panoramic windows

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

July Average Home Prices in:

  • Kitchener: $804,308
  • Waterloo: $1,020,251
  • Cambridge: $764,320

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


View Current Homes for Sale


12 Month Trends


Number of Sales

  • Kitchener: Year-Over-Year decrease of -20.1% in July 2022 vs 2021.
  • Waterloo: Year-Over-Year decrease of -41.9% in July 2022 vs 2021.
  • Cambridge: Year-Over-Year decrease of -32.4% in July 2022 vs 2021.

Average Sale Prices

  • Kitchener: Year-Over-Year decrease of -6.3% in July 2022 vs 2021.
  • Waterloo: Year-Over-Year increase of +3.6% in July 2022 vs 2021.
  • Cambridge: Year-Over-Year decrease of -10.4% in July 2022 vs 2021.

Median Sale Prices

  • Kitchener: Year-Over-Year decrease of -3.7% in July 2022 vs 2021.
  • Waterloo: Year-Over-Year decrease of -2.8% in July 2022 vs 2021.
  • Cambridge: Year-Over-Year decrease of -13.2% in July 2022 vs 2021.

Price Per Square Foot ($/SQFT)

  • Kitchener: Year-Over-Year increase of +1.6% in July 2022 vs 2021.
  • Waterloo: Year-Over-Year decrease of -4.3% in July 2022 vs 2021.
  • Cambridge: Year-Over-Year decrease of -7.0% in July 2022 vs 2021.

Percentage Sold Above Asking Price

  • Kitchener: Year-Over-Year decrease of -12.0% in July 2022 vs 2021.
  • Waterloo: Year-Over-Year decrease of -10.4% in July 2022 vs 2021.
  • Cambridge: Year-Over-Year decrease of -8.9% in July 2022 vs 2021.

Days to Sell (Median)

  • Tri-Cities: Homes are now selling on an average of 11 days in the Tri-Cities compared to an average of 7 days in July of 2021.

View Current Homes for Sale


Kitchener-Waterloo Neighbourhood Focus

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

Neighbourhood20222021Change
Hidden Valley/Pioneer Tower$1,754,749$1,669,7625%
Upper Beechwood/Beechwood W.$1,479,701$1,141,80430%
Erbsville/Laurelwood$1,379,255$1,137,56721%
Beechwood/University$1,322,916$1,035,92328%
Colonial Acres/East Bridge$1,304,912$1,204,8218%
Columbia Forest/Clair Hills$1,255,203$1,013,41724%
Idlewood/Lackner Woods$1,251,198$1,062,41018%
Pioneer Park/Doon/Wyldwoods$1,244,511$1,000,83324%
Trussler$1,216,557$928,42331%
Huron Park$1,215,381$918,86532%
Lexington/Lincoln Village$1,141,675$1,058,8478%
Uptown Waterloo/Westmount$1,090,829$983,43311%
Beechwood Forest/Highland W.$1,045,489$864,68821%
Grand River North$1,040,350$848,05823%
Westvale$1,024,732$883,64516%
Chicopee/Freeport$1,016,548$829,07723%
Bridgeport$981,499$845,49516%
Lakeshore North$978,736$873,87112%
Forest Heights$962,106$793,54221%
Alpine Village/Country Hills$948,389$763,30224%
Laurentian Hills/Country Hills W$941,309$793,48119%
Lakeshore/Parkdale$933,120$749,17925%
Glenridge/Lincoln Heights$918,586$775,30518%
Stanley Park/Centreville$897,330$771,74216%
Heritage Park/Rosemount$880,075$774,29214%
Forest Hill$872,606$724,52620%
Fairview/Kingsdale$841,402$698,25321%
Uptown Waterloo/North Ward$824,824$703,08217%
Downtown Kitchener/W. Ward$810,807$708,99514%
Downtown Kitchener/East Ward$808,617$717,24013%
St Jacobs/Floradale/W.Montrose$710,000$442,50060%
Downtown/Rockway/S. Ward$713,381$668,1077%
Victoria Hills$767,951$699,37110%

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

Neighbourhood20222021Change
Laurentian Hills/Country Hills W168214-21%
Pioneer Park/Doon/Wyldwoods168235-29%
Idlewood/Lackner Woods1161078%
Forest Heights111115-3%
Forest Hill100123-19%
Downtown Kitchener/East Ward99110-10%
Uptown Waterloo/North Ward95115-17%
Lexington/Lincoln Village867810%
Heritage Park/Rosemount6990-23%
Huron Park69665%
Columbia Forest/Clair Hills66106-38%
Westvale6061-2%
Colonial Acres/East Bridge58112-48%
Uptown Waterloo/Westmount5558-5%
Erbsville/Laurelwood534420%
Stanley Park/Centreville5171-28%
Fairview/Kingsdale49490%
Lakeshore/Parkdale4666-30%
Beechwood Forest/Highland W.4453-17%
Downtown/Rockway/S. Ward4359-27%
Alpine Village/Country Hills4244-5%
Grand River North3455-38%
Glenridge/Lincoln Heights3475-55%
Downtown Kitchener/W. Ward3137-16%
Chicopee/Freeport302615%
Victoria Hills282417%
Beechwood/University2643-40%
Hidden Valley/Pioneer Tower2337-38%
Bridgeport2231-29%
Lakeshore North2241-46%
St Jacobs/Floradale/W.Montrose12-50%
Trussler1831-42%
Upper Beechwood/Beechwood W.2027-26%

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.


View Current Homes for Sale


Share This Article:


Follow Us on Instagram

A warm interior on chilly Ontario morning

via @anthology_creative_studio


#livingroomideas #pictureframemoulding #millwork #millworkdesign #mouldings #ceilingmedallion #crownmolding #scandinaviandesign #scandinavianhome #modernboho #warmtones #whiteinterior
...

7 0

There are rooms with a view, and then there are bathrooms with a view. What better way to end your day than in this freestanding tub.

Design @candaceplotzdesign
Photo @patrickbiller
Builder @jeffery_homes




#bathroomdesign #bathroomdecor #bathroomremodel #bathroominspiration #bathroomrenovation #bathroomsofinstagram #freestandingbath #freestandingtub #kitchenerwaterloo #stratfordontario
...

10 1

It’s no secret that green has been trending in a major way lately. Not only does the leafy shade conjure the sensation of being outdoors after two years cooped up at home, it also is a versatile (and welcome) alternative to traditional colors like white and gray.

via @pcdsackitchens

#greenkitchen #greeninterior #traditionalkitchen #tranditionalinteriors #transitionaldesign #skylights #customkitchen #kitchenremodel #kitchenerwaterloo
...

27 2

The kitchen is the heart of the home 🤍

via @banda.property




#kitchendesign #kitchendecor #kitchenremodel #kitchenremodel #marblekitchen #kitchenerwaterloo #stratfordon #transitionaldesign
...

13 0

Tags: , , ,