The March 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
In March 2021, we finally saw a few key indicators of the market beginning to flatten out.
According to the sales reported by the Kitchener-Waterloo Association of REALTORS (KWAR), the average price of a single detached home in March 2021 was $901,212, which is a year-over-year increase of 33.3%. There was a total of 522 sales this March, an increase of +73.4% 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: March sales rose +73.4% from 301 in 2020 to 522 in 2021.
- Year-Over-Year New Listings: New listings in March increased +52.5% from 478 in 2020 to 729 in 2021.
- Month-Over-Month Sales: Sales climbed +91.2% this month from 273 in February to 522 in March.
- Month-Over-Month New Listings: New Listings increased +105.9% this month from 354 in February to 729 in March.
Average & Median Sale Prices
- Year-Over-Year Average: March average sale prices rose +33.3% from $675,946 in 2020 to $901,212 in 2021.
- Year-Over-Year Median: March median sale prices rose +33.0% from $625,000 in 2020 to $831,000 in 2021.
- Month-Over-Month Average: The average price rose +0.5% this month from $896,440 in February to $901,212 in March.
- Month-Over-Month Median: The median price +2.0% this month from $815,000 in February to $831,000 in March.
Price Per Square Foot ($/SQFT)
- Year-Over-Year: In March, 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 February to $459/SQFT in March.
List Price to Sell Price Ratio
- Year-Over-Year: In March 2021, homes were selling for 117.4% of asking price, a +13.8% increase from March 2020’s 103.6%.
- Month-Over-Month: The average list price to sell ratio fell +1.4% this month from 118.8% in February to 117.4% in March.
- Almost all homes in the city sold significantly over asking price.
Days to Sell (Median)
- Year-Over-Year: In March 2021, homes were selling in 6 days, a -25.0% decrease from March 2020’s 8 DOM.
- Month-Over-Month: The average days on market remained the same this month compared to last.
Neighbourhood Focus (Year to Date)
Number of Sales
| Neighbourhood | Jan-Mar 2021 | Jan-Mar 2021 | % Change |
| Pioneer Park/Doon/Wyldwoods | 99 | 84 | 17.9% |
| Laurentian Hills/Country Hills W | 72 | 53 | 35.8% |
| Forest Heights | 51 | 27 | 88.9% |
| Forest Hill | 47 | 36 | 30.6% |
| Idlewood/Lackner Woods | 44 | 30 | 46.7% |
| Columbia Forest/Clair Hills | 44 | 33 | 33.3% |
| Colonial Acres/East Bridge | 42 | 16 | 162.5% |
| Uptown Waterloo/North Ward | 41 | 36 | 13.9% |
| Downtown Kitchener/East Ward | 38 | 24 | 58.3% |
| Heritage Park/Rosemount | 33 | 22 | 50.0% |
| Glenridge/Lincoln Heights | 30 | 14 | 114.3% |
| Lakeshore/Parkdale | 29 | 12 | 141.7% |
| Grand River North | 29 | 9 | 222.2% |
| Lexington/Lincoln Village | 28 | 28 | 0.0% |
| Huron Park | 27 | 19 | 42.1% |
| Beechwood/University | 26 | 17 | 52.9% |
| Alpine Village/Country Hills | 24 | 12 | 100.0% |
| Uptown Waterloo/Westmount | 23 | 34 | -32.4% |
| Stanley Park/Centreville | 23 | 17 | 35.3% |
| Downtown/Rockway/S. Ward | 22 | 13 | 69.2% |
| Lakeshore North | 22 | 5 | 340.0% |
| Westvale | 20 | 16 | 25.0% |
| Hidden Valley/Pioneer Tower | 18 | 7 | 157.1% |
| Erbsville/Laurelwood | 18 | 15 | 20.0% |
| Fairview/Kingsdale | 17 | 12 | 41.7% |
| Beechwood Forest/Highland W. | 16 | 17 | -5.9% |
| Bridgeport | 15 | 10 | 50.0% |
| Downtown Kitchener/W. Ward | 15 | 11 | 36.4% |
| Trussler | 14 | 11 | 27.3% |
| Upper Beechwood/Beechwood W. | 10 | 9 | 11.1% |
| Chicopee/Freeport | 10 | 5 | 100.0% |
| Victoria Hills | 8 | 7 | 14.3% |
- Pioneer Park / Doon / Wyldwoods was the top producing neighbourhood YTD for the second year in a row, with 99 single detached homes sales.
- Lakeshore North experienced the most growth year-over-year, increasing from 5 single detached homes sales in 2020 to 22 in 2021.
Average Sale Price
| Neighbourhood | Jan-Mar 2021 | Jan-Mar 2021 | % Change |
| Hidden Valley/Pioneer Tower | $1,670,794 | $1,504,643 | 11.0% |
| Colonial Acres/East Bridge | $1,126,690 | $834,238 | 35.1% |
| Upper Beechwood/Beechwood W. | $1,098,760 | $780,333 | 40.8% |
| Idlewood/Lackner Woods | $1,069,033 | $760,403 | 40.6% |
| Beechwood/University | $1,067,803 | $770,430 | 38.6% |
| Columbia Forest/Clair Hills | $1,022,418 | $744,961 | 37.2% |
| Pioneer Park/Doon/Wyldwoods | $1,016,280 | $730,858 | 39.1% |
| Erbsville/Laurelwood | $1,005,763 | $851,493 | 18.1% |
| Lexington/Lincoln Village | $942,102 | $825,315 | 14.2% |
| Lakeshore North | $941,832 | $715,200 | 31.7% |
| Uptown Waterloo/Westmount | $940,876 | $767,983 | 22.5% |
| Huron Park | $918,752 | $716,718 | 28.2% |
| Chicopee/Freeport | $906,650 | $647,920 | 39.9% |
| Trussler | $902,829 | $714,500 | 26.4% |
| Bridgeport | $889,264 | $739,080 | 20.3% |
| Grand River North | $866,473 | $595,272 | 45.6% |
| Westvale | $864,775 | $655,118 | 32.0% |
| Beechwood Forest/Highland W. | $851,110 | $638,013 | 33.4% |
| Forest Heights | $785,828 | $566,300 | 38.8% |
| Laurentian Hills/Country Hills W | $784,490 | $596,784 | 31.5% |
| Glenridge/Lincoln Heights | $780,175 | $564,214 | 38.3% |
| Heritage Park/Rosemount | $779,576 | $575,559 | 35.4% |
| Lakeshore/Parkdale | $761,529 | $586,688 | 29.8% |
| Alpine Village/Country Hills | $758,599 | $548,708 | 38.3% |
| Forest Hill | $744,593 | $545,521 | 36.5% |
| Stanley Park/Centreville | $743,990 | $592,043 | 25.7% |
| Victoria Hills | $723,875 | $490,500 | 47.6% |
| Downtown Kitchener/East Ward | $714,924 | $585,242 | 22.2% |
| Uptown Waterloo/North Ward | $700,345 | $549,719 | 27.4% |
| Downtown Kitchener/W. Ward | $697,504 | $513,823 | 35.7% |
| Fairview/Kingsdale | $693,488 | $523,013 | 32.6% |
| Downtown/Rockway/S. Ward | $677,263 | $535,281 | 26.5% |
- Hidden Valley / Pioneer Tower continues to produce the highest average sale price in the city ($1,670,794 YTD 2021).
- Upper Beechwood / Beechwood W. experienced some of the most growth year-over-year, with the average single detached sale price increasing 40.8% from $780,333 YTD in 2020 to $1,098,760 YTD in 2021.
All statistics gathered independantly from Kitchener–Waterloo 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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Just Listed on Lake Simcoe: 968 Degrassi Cove Pl W, Innisfil
This custom home direct waterfront home was built in 2000 by the current owner and has served as a sanctuary for family and friends. Over their 22 years of ownership, they have enjoyed the property during every season.
Degrassi Cove is a small and exclusive waterfront community and share the private road. The forested lands on the opposite side of the street provide great privacy. There is no vehicle traffic other than the neighbours, so it is very safe for kids.
Built as a 4-season home and located on the west-side of Lake Simcoe. You will enjoy north-west facing views of the lake and sunsets. There are no stairs to the water’s edge. The water table is level to the lot, which offers a beautiful beach area along the shoreline. There is great swimming and boating. The portable dock is 65 ft long with a 12’ x 12’ patio area. Boating enthusiasts can store their boat in the dry boathouse. Entertaining on the lake is so easy!
The home offers 2,700 sf on the main and upper level. The principal rooms offer generous space including a large private family room, formal dining room, large great room combined with the eat-in kitchen. In addition, there is 1,535 sf of finished space on the walk-out level. There are four generous size bedrooms. The primary bedroom is situated on the main level and overlooks the lake, and includes a five-piece ensuite, a walk-in closet and a garden door to the lakeside patio area. The three other bedrooms are located on the second floor.
The lower level includes a large recreation room with wood-burning fireplace and a walk-out to the lake. A large office with a built-in desk and bookcases can serve as a large 5th bedroom. The 3-piece bathroom is also equipped with a partially finished cedar-lined sauna. There is plenty of storage space on this level too.
$2,500,000
Photography by @ishutterphoto
Staging by @chateau_designandstaging
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Just Listed: 30 George Street, Bayfield.
This professionally designed custom-built home embodies a comfortable, vintage cottage feel built with energy efficient maintenance-free materials. This home offers a private park-like setting, with in- town conveniences. It’s a nature lover’s lot…a sanctuary for birds and wildlife. This one in in a million home was showcased in a 16-page spread in Cottages & Bungalows Magazine.
Shiplap walls and wood slat ceilings throughout impart a cabin-like coziness. The primary bedroom is secluded on the main floor overlooking a wooded area that surrounds the property. The front office duals as an additional main floor bedroom adjacent to a 3-piece bathroom. The upper level includes two additional bedrooms that provide enhanced privacy for guests. One of the bedrooms functions as a seating area with a Murphy bed and small kitchenette. It has been designed as a secure space for future rental opportunity.
Located in the charming lakeside village of Bayfield, this property is a stone-throw away from Lake Huron, a short walk to town, the fishing pier and marina, Pioneer Park and the Community playground. This spectacular property backs on to a designated environmental area and surrounded by trees makes it an ideal retreat for entertaining family and friends.
$1,495,000
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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
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For Sale: 334 Metro Road N, Georgina
Sweet 3 bedroom home that has a light and airy feel to the interior. Vaulted ceiling with open concept design creates a welcoming feel with plenty of natural sunlight all afternoon. Hardwood floors in bedrooms. Updated interior ready to be moved in to. It is a special place to call home or cottage.
Large wrap-around deck features West-facing views of 2-acre park of which you would be a 1/10th owner. Private dock for all park owners. Deeded Lake Simcoe access is rare to find. Very private setting with mature trees.
$964,000
Message us today for more information or to book private showing.
staging by @chateau_designandstaging
photography by @ishutterphoto
#lakesimcoe #lakesimcoerealestate #georginaontario #keswick #lakehouse #lakehousedecor #cottageinterior #cottagestyle
20 Quiet Heights Lane, Georgina provides views of the lake from all spaces on the west side of them home, including the great room, kitchen, dining area, and primary bedroom.
You will enjoy the morning sunrise from the front covered porch and of course, sunset views from the lakeside. The natural sunlight fills the home with warmth and light all day long. It’s tranquil, serene, and welcoming.
In the design stages, the current owner had some important “must-have’s” including a Muskoka like feel, spaciousness, sun-filled rooms, and an “understated elegance“ carried throughout the home.
Some of the interior features include:
– 3 bedrooms on main level and 2 additional bedrooms on the lower level
– 3 full bathrooms plus powder room
– 10.9 ft ceiling height on the main level and 9 ft ceiling height on the lower level
– Great room includes custom millwork and 13 ft vaulted coffered ceiling
– Gourmet kitchen with upgraded appliances
– Spectacular light fixtures including ceiling fans in each bedroom
– Custom drapery and blinds
– Radiant heated floors in kitchen, primary ensuite and the entire lower level
– Surround sound system both indoors and outdoors
A full list of room features, additional images, virtual tour, and more can be found on our website (link in bio).
This listing is also available on realtor.ca (MLS# N5657656)
Listing Price: $1,935,000
DM us to book a private viewing.
Photography @ishutterphoto
Staging @chateau_designandstaging
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Just Listed: 20 Quiet Heights Lane, Georgina.
When you combine the attention to detail of a quality builder with the owner’s vision to create a sanctuary home, the result is spectacular.
This home offers a “Zen” feel immediately upon your arrival.
The landscaping is wonderfully appointed with a collection of perennial gardens, shrubs, mature trees and privacy hedges on both sides, which is home to many birds. There are several seating areas promote great conversation with family and friends or a place to enjoy some quiet time when you want to be alone and enjoy nature all around you.
This is a wonderful home to entertain in both indoors and outdoors. The raised balcony includes a covered area where you can enjoy a summer rain shower. The open area provides lots of space for your chaise loungers to get some sun and watch an array of boats on the lake.
The lower deck is covered and a perfect location for the 7-seater plus lounger hot tub along with another separate seating area to enjoy the lake views.
Listing Price: $1,935,000
DM us to book a private viewing.
The full listing can be found on our site & on realtor.ca (MLS# N5657656)
Photography @ishutterphoto
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