The July 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

Prices experienced a small spike this month for the first increase since March.

According to the sales reported by the Kitchener-Waterloo Association of REALTORS (KWAR), the average price of a single detached home in July 2021 was $894,010 which is a year-over-year increase of 20.0%. There was a total of 279 sales this July, a decrease of -18.2% 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: July sales fell -29.4% from 395 in 2020 to 279 in 2021.
  • Year-Over-Year New Listings: New listings in July decreased -29.6% from 473 in 2020 to 333 in 2021.
  • Month-Over-Month Sales: Sales declined -18.2% this month from 341 in June to 279 in July.
  • Month-Over-Month New Listings: New Listings fell -18.4% this month from 408 in June to 333 in July.

Average & Median Sale Prices

  • Year-Over-Year Average: July average sale prices rose +20.0% from $745,234 in 2020 to $894,010 in 2021.
  • Year-Over-Year Median: July median sale prices rose +22.6% from $670,000 in 2020 to $821,500 in 2021.
  • Month-Over-Month Average: The average price increased +0.7% this month from $888,210 in June to $894,010 in July.
  • Month-Over-Month Median: The median rose +2.7% this month from $800,000 in June to $821,500 in July.

Price Per Square Foot ($/SQFT)

  • Year-Over-Year: In July, the average price per square foot rose +4.7% from $428/SQFT in 2020 to $448/SQFT in 2021.
  • Month-Over-Month: The average price per square foot increased 1.8% this month from $440/SQFT in June to $448/SQFT in July.

List Price to Sell Price Ratio

  • Year-Over-Year: In July 2021, homes were selling for 111.9% of asking price, a +9.2% increase from July 2020’s 102.7%.
  • Month-Over-Month: The average list price to sell ratio fell -1.0% this month from 112.9% in June to 111.9% in July.
  • Almost all homes in the city sold significantly over asking price.

Days to Sell (Median)

  • Year-Over-Year: In July 2021, homes were selling in 7 days, one day faster than July 2020’s 8 DOM.
  • Month-Over-Month: This is the second consecutive month that days on market has rose.

Neighbourhood Focus (Year to Date)

Number of Sales

Neighbourhood2021 Jan-Jul2020 Jan-Jul% Change
Pioneer Park/Doon/Wyldwoods23419818.2%
Laurentian Hills/Country Hills W21412867.2%
Forest Hill1248251.2%
Uptown Waterloo/North Ward1167848.7%
Forest Heights1147650.0%
Colonial Acres/East Bridge1125989.8%
Downtown Kitchener/East Ward1106471.9%
Columbia Forest/Clair Hills1088921.3%
Idlewood/Lackner Woods1078821.6%
Heritage Park/Rosemount905952.5%
Lexington/Lincoln Village7884-7.1%
Glenridge/Lincoln Heights754374.4%
Stanley Park/Centreville724560.0%
Huron Park664353.5%
Downtown/Rockway/S. Ward594822.9%
Uptown Waterloo/Westmount5881-28.4%
Grand River North5523139.1%
Beechwood Forest/Highland W.544617.4%
Alpine Village/Country Hills442576.0%
Lakeshore North412195.2%
Hidden Valley/Pioneer Tower373023.3%
Downtown Kitchener/W. Ward3717117.6%
Victoria Hills252119.0%
Upper Beechwood/Beechwood W.2430-20.0%
  • Pioneer Park / Doon / Wyldwoods continues to be the top producing neighbourhood YTD for the second year in a row, with 234 single detached homes sales.
  • Grandriver North experienced the most growth year-over-year, increasing from 23 single detached homes sales in 2020 to 55 in 2021.
  • Uptown Waterloo/Westmount is the only neighbourhood in the city that has experienced less sales in 2021 than 2020.

Average Sale Price

Neighbourhood2021 Jan-Jul2020 Jan-Jul% Change
Hidden Valley/Pioneer Tower$1,669,762$1,411,37518.3%
Colonial Acres/East Bridge$1,204,821$851,91041.4%
Upper Beechwood/Beechwood W.$1,177,446$859,13537.1%
Idlewood/Lackner Woods$1,062,410$779,55036.3%
Lexington/Lincoln Village$1,058,847$781,61435.5%
Columbia Forest/Clair Hills$1,002,713$765,90930.9%
Pioneer Park/Doon/Wyldwoods$1,001,488$760,40131.7%
Uptown Waterloo/Westmount$983,433$756,99529.9%
Huron Park$918,865$700,23631.2%
Lakeshore North$873,871$668,88830.6%
Beechwood Forest/Highland W.$865,546$666,09929.9%
Grand River North$848,058$629,45434.7%
Laurentian Hills/Country Hills W$793,196$598,74232.5%
Forest Heights$793,126$597,87732.7%
Glenridge/Lincoln Heights$775,305$574,94134.8%
Heritage Park/Rosemount$774,292$584,57932.5%
Stanley Park/Centreville$771,193$578,44833.3%
Alpine Village/Country Hills$763,302$585,08030.5%
Forest Hill$725,465$576,15825.9%
Downtown Kitchener/East Ward$717,240$597,31820.1%
Downtown Kitchener/W. Ward$708,995$523,12135.5%
Victoria Hills$703,196$521,98134.7%
Uptown Waterloo/North Ward$701,762$556,82626.0%
Downtown/Rockway/S. Ward$668,107$514,10030.0%
  • Hidden Valley / Pioneer Tower continues to produce the highest average sale price in the city ($1,669,762 YTD 2021).
  • Colonial Acres/East Bridge experienced some of the most growth year-over-year, with the average single detached sale price increasing 41.4% from $851,910 YTD in 2020 to $1,204,821 YTD in 2021.

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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