The May 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
For the 2nd consecutive month, prices are continuing to drop ever so slightly.
According to the sales reported by the Kitchener-Waterloo Association of REALTORS (KWAR), the average price of a single detached home in May 2021 was $865,350, which is a year-over-year increase of 34.9%. There was a total of 415 sales this May, an increase of +100.5% 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: May sales rose +100.5% from 207 in 2020 to 415 in 2021.
- Year-Over-Year New Listings: New listings in May increased +85.9% from 277 in 2020 to 515 in 2021.
- Month-Over-Month Sales: Sales declined +0.2% this month from 416 in April to 415 in May.
- Month-Over-Month New Listings: New Listings fell -10.4% this month from 575 in April to 515 in May.
Average & Median Sale Prices
- Year-Over-Year Average: May average sale prices rose +34.9% from $641,372 in 2020 to $865,350 in 2021.
- Year-Over-Year Median: May median sale prices rose +19.4% from $612,000 in 2020 to $730,950 in 2021.
- Month-Over-Month Average: The average price fell -3.0% this month from $891,811 in April to $865,350 in May.
- Month-Over-Month Median: The median dropped -10.0% this month from $812,300 in April to $730,950 in May.
Price Per Square Foot ($/SQFT)
- Year-Over-Year: In May, the average price per square foot rose +8.6% from $407/SQFT in 2020 to $442/SQFT in 2021.
- Month-Over-Month: The average price per square foot rose +1.6% this month from $435/SQFT in April to $442/SQFT in May.
List Price to Sell Price Ratio
- Year-Over-Year: In May 2021, homes were selling for 113.8% of asking price, a +13.8% increase from May 2020’s 100.0%.
- Month-Over-Month: The average list price to sell ratio fell +0.3% this month from 113.5% in April to 113.8% in May.
- Almost all homes in the city sold significantly over asking price.
Days to Sell (Median)
- Year-Over-Year: In May 2021, homes were selling in 7 days, a -41.7% decrease from May 2020’s 12 DOM.
- Month-Over-Month: May was the first month since December 2020 in which homes took longer than 6 days to sell.
Neighbourhood Focus (Year to Date)
Number of Sales
| Neighbourhood | Jan-May 2021 | Jan-May 2020 | % Change |
| Pioneer Park/Doon/Wyldwoods | 193 | 129 | 49.6% |
| Laurentian Hills/Country Hills | 152 | 80 | 90.0% |
| Uptown Waterloo/North Ward | 88 | 54 | 63.0% |
| Forest Hill | 87 | 56 | 55.4% |
| Idlewood/Lackner Woods | 87 | 43 | 102.3% |
| Colonial Acres/East Bridge | 81 | 34 | 138.2% |
| Columbia Forest/Clair Hills | 79 | 43 | 83.7% |
| Forest Heights | 76 | 41 | 85.4% |
| Downtown Kitchener/East Ward | 75 | 33 | 127.3% |
| Heritage Park/Rosemount | 66 | 35 | 88.6% |
| Lexington/Lincoln Village | 60 | 50 | 20.0% |
| Stanley Park/Centreville | 54 | 24 | 125.0% |
| Glenridge/Lincoln Heights | 54 | 21 | 157.1% |
| Huron Park | 50 | 26 | 92.3% |
| Lakeshore/Parkdale | 50 | 20 | 150.0% |
| Grand River North | 44 | 13 | 238.5% |
| Uptown Waterloo/Westmount | 40 | 44 | (-9.1%) |
| Downtown/Rockway/S. Ward | 40 | 30 | 33.3% |
| Westvale | 40 | 26 | 53.8% |
| Beechwood/University | 38 | 24 | 58.3% |
| Alpine Village/Country Hills | 37 | 15 | 146.7% |
| Fairview/Kingsdale | 36 | 20 | 80.0% |
| Lakeshore North | 34 | 10 | 240.0% |
| Beechwood Forest/Highland W. | 31 | 23 | 34.8% |
| Downtown Kitchener/W. Ward | 30 | 11 | 172.7% |
| Hidden Valley/Pioneer Tower | 28 | 9 | 211.1% |
| Erbsville/Laurelwood | 27 | 19 | 42.1% |
| Trussler | 25 | 13 | 92.3% |
| Bridgeport | 22 | 10 | 120.0% |
| Chicopee/Freeport | 22 | 9 | 144.4% |
| Upper Beechwood/Beechwood W. | 20 | 12 | 66.7% |
| Victoria Hills | 19 | 12 | 58.3% |
- Pioneer Park / Doon / Wyldwoods was the top producing neighbourhood YTD for the second year in a row, with 193 single detached homes sales.
- Grandriver North experienced the most growth year-over-year, increasing from 13 single detached homes sales in 2020 to 44 in 2021.
- Uptown Waterloo/Westmount is the only neighbourhood in the city that has experienced less sales in 2021 than 2020.
Average Sale Price
| Neighbourhood | Jan-May 2021 | Jan-May 2020 | % Change |
| Hidden Valley/Pioneer Tower | $1,715,161 | $1,470,972 | 16.6% |
| Upper Beechwood/Beechwood W. | $1,164,135 | $807,667 | 44.1% |
| Colonial Acres/East Bridge | $1,159,365 | $808,521 | 43.4% |
| Erbsville/Laurelwood | $1,086,027 | $834,021 | 30.2% |
| Idlewood/Lackner Woods | $1,061,194 | $761,155 | 39.4% |
| Beechwood/University | $1,047,439 | $733,138 | 42.9% |
| Columbia Forest/Clair Hills | $1,021,586 | $753,028 | 35.7% |
| Pioneer Park/Doon/Wyldwoods | $1,005,742 | $744,577 | 35.1% |
| Lexington/Lincoln Village | $988,734 | $776,984 | 27.3% |
| Trussler | $942,824 | $692,077 | 36.2% |
| Uptown Waterloo/Westmount | $937,016 | $740,139 | 26.6% |
| Huron Park | $899,090 | $703,320 | 27.8% |
| Lakeshore North | $894,032 | $663,040 | 34.8% |
| Westvale | $876,709 | $658,150 | 33.2% |
| Beechwood Forest/Highland W. | $871,638 | $646,966 | 34.7% |
| Bridgeport | $858,766 | $739,080 | 16.2% |
| Grand River North | $838,209 | $604,073 | 38.8% |
| Chicopee/Freeport | $826,282 | $724,956 | 14.0% |
| Laurentian Hills/Country Hills | $791,477 | $586,331 | 35.0% |
| Forest Heights | $787,490 | $571,076 | 37.9% |
| Heritage Park/Rosemount | $780,282 | $563,723 | 38.4% |
| Glenridge/Lincoln Heights | $776,736 | $563,333 | 37.9% |
| Alpine Village/Country Hills | $759,007 | $557,633 | 36.1% |
| Stanley Park/Centreville | $755,959 | $575,734 | 31.3% |
| Lakeshore/Parkdale | $748,952 | $569,113 | 31.6% |
| Forest Hill | $729,513 | $546,406 | 33.5% |
| Forest Hill | $729,513 | $546,406 | 33.5% |
| Downtown Kitchener/W. Ward | $718,760 | $513,823 | 39.9% |
| Downtown Kitchener/East Ward | $713,592 | $579,994 | 23.0% |
| Victoria Hills | $707,268 | $510,218 | 38.6% |
| Fairview/Kingsdale | $694,969 | $506,408 | 37.2% |
| Uptown Waterloo/North Ward | $693,075 | $546,049 | 26.9% |
| Downtown/Rockway/S. Ward | $671,995 | $504,056 | 33.3% |
- Hidden Valley / Pioneer Tower continues to produce the highest average sale price in the city ($1,715,161 YTD 2021).
- Upper Beechwood / Beechwood W. experienced some of the most growth year-over-year, with the average single detached sale price increasing 44.1% from $807,667 YTD in 2020 to $1,164,135 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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