house lights turned on
house lights turned on

The March edition of our Tri-Cities 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

SUMMARY

March Average Home Prices in:

  • Kitchener: $1,077,345
  • Waterloo: $1,218,862
  • Cambridge: $1,050,555

How Much Over Asking Are Homes Selling For in Kitchener, Waterloo, and Cambridge? In March, on average…

  • Kitchener: $147,278
  • Waterloo: $185,736
  • Cambridge: $184,634

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


View Current Condo Listings for Sale


12 Month Trends


Number of Sales

  • Kitchener: Year-Over-Year decrease of -25.6% in March 2022 vs 2021.
  • Waterloo: Year-Over-Year decrease of -47.5% in March 2022 vs 2021.
  • Cambridge: Year-Over-Year decrease of -36.5% in March 2022 vs 2021.

Average Sale Prices

  • Kitchener: Year-Over-Year increase of +23.9% in March 2022 vs 2021.
  • Waterloo: Year-Over-Year increase of +25.0% in March 2022 vs 2021.
  • Cambridge: Year-Over-Year increase of +25.1% in March 2022 vs 2021.

Median Sale Prices

  • Kitchener: Year-Over-Year increase of +20.4% in March 2022 vs 2021.
  • Waterloo: Year-Over-Year increase of +34.2% in March 2022 vs 2021.
  • Cambridge: Year-Over-Year increase of +18.6% in March 2022 vs 2021.

Price Per Square Foot ($/SQFT)

  • Kitchener: Year-Over-Year increase of +17.8% in March 2022 vs 2021.
  • Waterloo: Year-Over-Year increase of +10.8% in March 2022 vs 2021.
  • Cambridge: Year-Over-Year increase of +18.5% in March 2022 vs 2021.

Percentage Sold Above Asking Price

  • Kitchener: Year-Over-Year increase of +56.0% in March 2022 vs 2021.
  • Waterloo: Year-Over-Year increase of +40.7% in March 2022 vs 2021.
  • Cambridge: Year-Over-Year increase of +23.5% in March 2022 vs 2021.

Days to Sell (Median)

  • Tri-Cities: The amount of days a home is selling in has remained fairly consistent, at about one week. This is largely due to listing agents scheduling a specific offer date, set for one week after the home goes on the market.

View Current Condo Listings for Sale


Kitchener-Waterloo Neighbourhood Focus

Average Sale Prices | Year-to-Date (Jan-Mar 2022)

Neighbourhood20222021Change
Hidden Valley/Pioneer Tower$1,940,750$1,670,79416.20%
Upper Beechwood/Beechwood W.$1,764,500$1,098,76060.60%
Colonial Acres/East Bridge$1,564,594$1,135,62237.80%
Idlewood/Lackner Woods$1,381,046$1,064,61029.70%
Columbia Forest/Clair Hills$1,373,360$1,028,77033.50%
Pioneer Park/Doon/Wyldwoods$1,348,376$1,016,28032.70%
Beechwood/University$1,341,235$1,067,80325.60%
Erbsville/Laurelwood$1,338,740$958,98639.60%
Trussler$1,332,094$880,54651.30%
Huron Park$1,310,132$918,75242.60%
Lexington/Lincoln Village$1,240,935$942,10231.70%
Grand River North$1,205,465$866,34739.10%
Bridgeport$1,185,536$878,99834.90%
Beechwood Forest/Highland W.$1,177,947$851,11038.40%
Westvale$1,176,412$864,77536.00%
Chicopee/Freeport$1,123,304$906,65023.90%
Alpine Village/Country Hills$1,077,614$758,59942.10%
Uptown Waterloo/Westmount$1,063,339$940,87613.00%
Lakeshore/Parkdale$1,052,539$761,52938.20%
Laurentian Hills/Country Hills$1,049,562$784,44333.80%
Forest Heights$1,041,686$785,82832.60%
Stanley Park/Centreville$1,031,737$743,99038.70%
Glenridge/Lincoln Heights$1,024,208$780,17531.30%
Heritage Park/Rosemount$1,005,731$779,57629.00%
Lakeshore North$997,025$941,8325.90%
Fairview/Kingsdale$939,930$693,48835.50%
Forest Hill$933,743$744,53025.40%
Uptown Waterloo/North Ward$903,470$708,05527.60%
Downtown Kitchener/East Ward$902,791$714,92426.30%
Downtown/Rockway/S. Ward$848,950$677,26325.40%
Victoria Hills$835,389$723,87515.40%
Downtown Kitchener/W. Ward$825,833$697,50418.40%

Number of Sales | Year-to-Date (Jan-Mar 2022)

Neighbourhood20222021Change
Laurentian Hills/Country Hills W6873-7%
Pioneer Park/Doon/Wyldwoods6899-31%
Forest Heights645125%
Idlewood/Lackner Woods46452%
Forest Hill4547-4%
Uptown Waterloo/North Ward39390%
Huron Park372737%
Downtown Kitchener/East Ward3438-11%
Uptown Waterloo/Westmount292326%
Erbsville/Laurelwood281947%
Lexington/Lincoln Village28280%
Columbia Forest/Clair Hills2743-37%
Fairview/Kingsdale271759%
Westvale262030%
Lakeshore/Parkdale2329-21%
Heritage Park/Rosemount2233-33%
Alpine Village/Country Hills2124-13%
Colonial Acres/East Bridge2041-51%
Grand River North1728-39%
Beechwood Forest/Highland W.17166%
Downtown/Rockway/S. Ward1622-27%
Stanley Park/Centreville1623-30%
Glenridge/Lincoln Heights1530-50%
Chicopee/Freeport131030%
Downtown Kitchener/W. Ward1215-20%
Hidden Valley/Pioneer Tower1218-33%
Beechwood/University1226-54%
Trussler1113-15%
Victoria Hills9813%
Bridgeport816-50%
St Jacobs/Floradale/W.Montrose1[no sales][n/a]
Upper Beechwood/Beechwood W.610-40%
Lakeshore North822-64%

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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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