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

June Average Home Prices in:

  • Kitchener: $881,813
  • Waterloo: $982,968
  • Cambridge: $846,642

(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 -12.7% in June 2022 vs 2021.
  • Waterloo: Year-Over-Year decrease of -22.1% in June 2022 vs 2021.
  • Cambridge: Year-Over-Year decrease of -43.7% in June 2022 vs 2021.

Average Sale Prices

  • Kitchener: Year-Over-Year increase of +5.3% in June 2022 vs 2021.
  • Waterloo: Year-Over-Year decrease of -4.1% in June 2022 vs 2021.
  • Cambridge: Year-Over-Year increase of +4.2% in June 2022 vs 2021.

Median Sale Prices

  • Kitchener: Year-Over-Year increase of +4.8% in June 2022 vs 2021.
  • Waterloo: Year-Over-Year increase of +6.4% in June 2022 vs 2021.
  • Cambridge: Year-Over-Year decrease of -0.8% in June 2022 vs 2021.

Price Per Square Foot ($/SQFT)

  • Kitchener: Year-Over-Year increase of +6.3% in June 2022 vs 2021.
  • Waterloo: Year-Over-Year decrease of -2.8% in June 2022 vs 2021.
  • Cambridge: Year-Over-Year increase of +2.0% in June 2022 vs 2021.

Percentage Sold Above Asking Price

  • Kitchener: Year-Over-Year decrease of -6.5% in June 2022 vs 2021.
  • Waterloo: Year-Over-Year decrease of -9.0% in June 2022 vs 2021.
  • Cambridge: Year-Over-Year decrease of -6.5% in June 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.

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Kitchener-Waterloo Neighbourhood Focus

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

Neighbourhood20222021Change
Hidden Valley/Pioneer Tower$1,781,391$1,688,0346%
Upper Beechwood/Beechwood W.$1,491,133$1,136,46531%
Colonial Acres/East Bridge$1,323,743$1,216,6049%
Beechwood/University$1,322,916$1,032,49228%
Columbia Forest/Clair Hills$1,291,600$1,018,37527%
Idlewood/Lackner Woods$1,274,944$1,071,27319%
Pioneer Park/Doon/Wyldwoods$1,266,079$1,002,64626%
Huron Park$1,233,074$913,82835%
Trussler$1,229,884$910,57535%
Erbsville/Laurelwood$1,189,439$1,052,60913%
Lexington/Lincoln Village$1,156,326$1,021,33913%
Westvale$1,065,806$886,72320%
Beechwood Forest/Highland W.$1,065,638$872,33122%
Bridgeport$1,056,523$871,47621%
Chicopee/Freeport$1,051,594$819,70428%
Grand River North$1,035,997$841,45523%
Uptown Waterloo/Westmount$1,016,124$952,4847%
Forest Heights$977,794$785,40424%
Lakeshore North$974,567$880,48011%
Laurentian Hills/Country Hills W$961,473$786,31022%
Alpine Village/Country Hills$954,326$758,85726%
Lakeshore/Parkdale$950,941$750,38527%
Stanley Park/Centreville$929,008$770,07221%
Glenridge/Lincoln Heights$925,767$772,09820%
Heritage Park/Rosemount$902,820$784,58515%
Forest Hill$891,859$724,27023%
Fairview/Kingsdale$868,202$693,85525%
Downtown Kitchener/East Ward$841,221$708,60719%
Uptown Waterloo/North Ward$839,702$701,84320%
Downtown Kitchener/W. Ward$804,138$718,22312%
St Jacobs/Floradale/W.Montrose$710,000$322,500120%
Downtown/Rockway/S. Ward$743,806$668,04811%
Victoria Hills$786,386$700,14112%

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

Neighbourhood20222021Change
Pioneer Park/Doon/Wyldwoods153213-28%
Laurentian Hills/Country Hills W142193-26%
Idlewood/Lackner Woods104986%
Forest Heights1031021%
Forest Hill89110-19%
Uptown Waterloo/North Ward8698-12%
Downtown Kitchener/East Ward8296-15%
Lexington/Lincoln Village806818%
Huron Park655518%
Heritage Park/Rosemount6179-23%
Columbia Forest/Clair Hills5990-34%
Erbsville/Laurelwood573658%
Colonial Acres/East Bridge55100-45%
Uptown Waterloo/Westmount53498%
Westvale5253-2%
Fairview/Kingsdale43422%
Lakeshore/Parkdale4260-30%
Stanley Park/Centreville4265-35%
Alpine Village/Country Hills41403%
Beechwood Forest/Highland W.4041-2%
Downtown/Rockway/S. Ward3548-27%
Grand River North3251-37%
Glenridge/Lincoln Heights3069-57%
Downtown Kitchener/W. Ward2935-17%
Beechwood/University2640-35%
Chicopee/Freeport262313%
Victoria Hills252214%
Hidden Valley/Pioneer Tower2135-40%
Bridgeport2127-22%
Upper Beechwood/Beechwood W.1923-17%
St Jacobs/Floradale/W.Montrose12-50%
Trussler1728-39%
Lakeshore North1839-54%

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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