The November 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 Stats
  • 3rd Quarter Stats

According to the sales reported by the Kitchener-Waterloo Association of REALTORS (KWAR), the average price of a single detached home in November 2021 was $979,925 which is a year-over-year increase of 40%. There was a total of 272 sales this November, a decrease of -4.2% 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: November sales fell -4.2% from 284 in 2020 to 272 in 2021.
  • Year-Over-Year New Listings: New listings in November increased 1.1% from 285 in 2020 to 288 in 2021.
  • Month-Over-Month Sales: Sales dropped 6.9% this month from 292 in October to 272 in November.
  • Month-Over-Month New Listings: New Listings dropped -1.4% this month from 292 in October to 288 in November.

Average & Median Sale Prices

  • Year-Over-Year Average: November average sale prices rose +40.0% from $748,135 in 2020 to $979,925 in 2021.
  • Year-Over-Year Median: November median sale prices rose +32.4% from $680,500 in 2020 to $901,000 in 2021.
  • Month-Over-Month Average: The average price increased +0.7% this month from $972,983 in October to $979,925 in November.
  • Month-Over-Month Median: The median fell +1.0% this month from $910,000 in October to $901,000 in November.

Price Per Square Foot ($/SQFT)

  • Year-Over-Year: In November, the average price per square foot rose +25.8% from $395/SQFT in 2020 to $497/SQFT in 2021.
  • Month-Over-Month: The average price per square foot increased +3.8% this month from $479/SQFT in October to $497/SQFT in November.

List Price to Sell Price Ratio

  • Year-Over-Year: In November 2021, homes were selling for 119.1% of asking price, a +9.8% increase from November 2020’s 109.3%.
  • Month-Over-Month: The average list price to sell ratio rose +3.5% this month from 115.9% in October to 119.1% in November.
  • Almost all homes in the city sold significantly over asking price.

Days to Sell (Median)

  • Year-Over-Year: In November 2021, homes were selling in 6 days, one day quicker than November 2020’s 7 DOM.

Neighbourhood Focus (YTD: January-November)

Average Sale Price | Year-to-Date (Jan-Nov)

Neighbourhood20212020% Change
Hidden Valley/Pioneer Tower$1,623,376$1,374,09218.1%
Colonial Acres/East Bridge$1,204,000$904,81933.1%
Upper Beechwood/Beechwood W.$1,198,324$903,90932.6%
Lexington/Lincoln Village$1,095,215$793,25438.1%
Idlewood/Lackner Woods$1,083,500$806,77534.3%
Columbia Forest/Clair Hills$1,049,665$786,68033.4%
Pioneer Park/Doon/Wyldwoods$1,021,027$787,81429.6%
Uptown Waterloo/Westmount$964,113$769,89025.2%
Huron Park$955,607$730,71830.8%
Beechwood Forest/Highland W.$898,352$680,92531.9%
Grand River North$887,764$649,44336.7%
Lakeshore North$878,005$689,06127.4%
Laurentian Hills/Country Hills$828,523$620,27533.6%
Forest Heights$817,046$620,74931.6%
Glenridge/Lincoln Heights$803,250$598,19434.3%
Heritage Park/Rosemount$782,172$609,84928.3%
Stanley Park/Centreville$782,085$603,26229.6%
Alpine Village/Country Hills$767,030$591,12329.8%
Downtown Kitchener/East Ward$739,780$614,64720.4%
Forest Hill$733,610$586,51725.1%
Downtown Kitchener/W. Ward$725,506$560,60029.4%
Victoria Hills$712,438$531,37134.1%
Uptown Waterloo/North Ward$709,338$574,64423.4%
Downtown/Rockway/S. Ward$673,713$533,22026.3%
  • Hidden Valley / Pioneer Tower continues to produce the average median sale price in the city ($1,623,376 YTD 2021).
  • Northfield experienced the most growth year-over-year, with the median single detached sale price increasing 58.0% from $633,000 in 2020 to $1,000,000 in Q3 2021.

Number of Sales | Year-to-Date (Jan-Nov)

Neighbourhood20212020% Change
Laurentian Hills/Country Hills32323935.1%
Pioneer Park/Doon/Wyldwoods309334-7.5%
Forest Hill17314816.9%
Uptown Waterloo/North Ward17213527.4%
Forest Heights1651603.1%
Downtown Kitchener/East Ward16211837.3%
Colonial Acres/East Bridge16013419.4%
Idlewood/Lackner Woods15513713.1%
Columbia Forest/Clair Hills153158-3.2%
Heritage Park/Rosemount12910127.7%
Lexington/Lincoln Village113147-23.1%
Stanley Park/Centreville1058129.6%
Glenridge/Lincoln Heights1037341.1%
Huron Park966939.1%
Downtown/Rockway/S. Ward86816.2%
Uptown Waterloo/Westmount85123-30.9%
Beechwood Forest/Highland W.77718.5%
Grand River North694360.5%
Alpine Village/Country Hills624634.8%
Hidden Valley/Pioneer Tower59573.5%
Downtown Kitchener/W. Ward563369.7%
Lakeshore North473727.0%
Victoria Hills3241-22.0%
Upper Beechwood/Beechwood W.3048-37.5%
  • Laurentian Hills / Country Hills is the top producing neighbourhood so far this year, with 323 single detached home sales.
  • Grand River North experienced the most growth year-over-year, increasing from 43 single detached homes sales in 2020 to 69 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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