The April 2021 edition of our Kitchener-Waterloo 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 Results

According to the sales reported by the Kitchener-Waterloo Association of REALTORS (KWAR), the average price of a single detached home in April 2021 was $891,811, which is a year-over-year increase of 37.5%. There was a total of 416 sales this April, an increase of +235.5% year-over-year.

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

12 Month Trends

Number of Sales vs Inventory

  • Year-Over-Year Sales: April sales rose +235.5% from 124 in 2020 to 416 in 2021.
  • Year-Over-Year New Listings: New listings in April increased +172.5% from 211 in 2020 to 575 in 2021.
  • Month-Over-Month Sales: Sales dropped -20.2% this month from 521 in March to 415 in April.
  • Month-Over-Month New Listings: New Listings decreased -21.1% this month from 729 in March to 575 in April.

Average & Median Sale Prices

  • Year-Over-Year Average: April average sale prices rose +37.5% from $648,661 in 2020 to $891,811 in 2021.
  • Year-Over-Year Median: April median sale prices rose +37.1% from $592,500 in 2020 to $812,300 in 2021.
  • Month-Over-Month Average: The average price fell +1.1% this month from $902,036 in March to $891,811 in April.
  • Month-Over-Month Median: The median price dropped -2.3% this month from $831,000 in March to $812,300 in April.

Price Per Square Foot ($/SQFT)

  • Year-Over-Year: In April, the average price per square foot rose +12.2% from $409/SQFT in 2020 to $459/SQFT in 2021.
  • Month-Over-Month: The average price per square foot rose +1.8% this month from $451/SQFT in March to $459/SQFT in April.

List Price to Sell Price Ratio

  • Year-Over-Year: In April 2021, homes were selling for 113.5% of asking price, a +13.5% increase from April 2020’s 100.0%.
  • Month-Over-Month: The average list price to sell ratio fell -3.9% this month from 117.4% in March to 113.5% in April.
  • Almost all homes in the city sold significantly over asking price.

Days to Sell (Median)

  • Year-Over-Year: In April 2021, homes were selling in 6 days, a -60.0% decrease from March 2020’s 15 DOM.
  • Month-Over-Month: The average days on market remained the same this month compared to last.

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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