The October 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

For the eighth consecutive month, sale prices have declined in the Tri-Cities, following a similar trend as the rest of the province.

October Average Home Prices in:

  • Kitchener: $888,032
  • Waterloo: $890,827
  • Cambridge: $748,571

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


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12 Month Trends


Number of Sales

  • Kitchener: Year-Over-Year decrease of -34.0% in October 2022 vs 2021.
  • Waterloo: Year-Over-Year decrease of -29.3% in October 2022 vs 2021.
  • Cambridge: Year-Over-Year decrease of -46.1% in October 2022 vs 2021.

Average Sale Prices

  • Kitchener: Year-Over-Year decrease of -6.2% in October 2022 vs 2021.
  • Waterloo: Year-Over-Year decrease of -13.5% in October 2022 vs 2021.
  • Cambridge: Year-Over-Year decrease of -15.9% in October 2022 vs 2021.

Median Sale Prices

  • Kitchener: Year-Over-Year decrease of -8.6% in October 2022 vs 2021.
  • Waterloo: Year-Over-Year decrease of -8.3% in October 2022 vs 2021.
  • Cambridge: Year-Over-Year decrease of -13.4% in October 2022 vs 2021.

Price Per Square Foot ($/SQFT)

  • Kitchener: Year-Over-Year decrease of -9.6% in October 2022 vs 2021.
  • Waterloo: Year-Over-Year decrease of -15.1% in October 2022 vs 2021.
  • Cambridge: Year-Over-Year decrease of -20.5% in October 2022 vs 2021.

Percentage Sold Above Asking Price

  • Kitchener: Year-Over-Year decrease of -16.7% in October 2022 vs 2021.
  • Waterloo: Year-Over-Year decrease of -15.7% in October 2022 vs 2021.
  • Cambridge: Year-Over-Year decrease of -14.9% in October 2022 vs 2021.

Days to Sell (Median)

  • Tri-Cities: Homes are now selling on an average of 12 days in the Tri-Cities compared to an average of 7 days in October of 2021.

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Kitchener-Waterloo Neighbourhood Focus

chairs inside living room

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

Neighbourhood20222021Change
Hidden Valley/Pioneer Tower$1,754,935$1,635,2737%
Upper Beechwood/Beechwood W.$1,377,451$1,149,83520%
Beechwood/University$1,236,439$1,043,27119%
Pioneer Park/Doon/Wyldwoods$1,206,919$1,015,87819%
Columbia Forest/Clair Hills$1,203,140$1,042,83315%
Idlewood/Lackner Woods$1,190,246$1,071,90411%
Colonial Acres/East Bridge$1,187,662$1,199,508-1%
Huron Park$1,175,078$954,82123%
Erbsville/Laurelwood$1,151,269$1,082,0826%
Trussler$1,145,277$953,41920%
Lexington/Lincoln Village$1,120,491$1,095,9102%
Beechwood Forest/Highland W.$1,025,408$896,58614%
Uptown Waterloo/Westmount$1,003,185$963,0804%
Chicopee/Freeport$989,012$845,91817%
Westvale$984,619$889,41111%
Grand River North$981,114$870,05713%
Bridgeport$938,074$843,79611%
Lakeshore North$934,823$882,3606%
Laurentian Hills/Country Hills W$913,896$813,38612%
Forest Heights$913,209$805,33513%
Alpine Village/Country Hills$908,034$766,36418%
Lakeshore/Parkdale$895,919$765,25517%
Glenridge/Lincoln Heights$882,768$796,46711%
Stanley Park/Centreville$858,444$772,55811%
Heritage Park/Rosemount$837,746$774,4768%
Forest Hill$825,720$729,60413%
Fairview/Kingsdale$806,916$705,33914%
Uptown Waterloo/North Ward$802,912$705,31414%
Downtown Kitchener/East Ward$781,076$728,6427%
Downtown Kitchener/W. Ward$767,407$714,6677%
St Jacobs/Floradale/W.Montrose$496,000$356,66739%
Northfield$665,000[n/a][n/a]
Downtown/Rockway/S. Ward$695,916$667,1774%
Victoria Hills$744,729$712,4385%

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

Neighbourhood20222021Change
Laurentian Hills/Country Hills W225291-23%
Pioneer Park/Doon/Wyldwoods213293-27%
Idlewood/Lackner Woods1521436%
Forest Heights144151-5%
Forest Hill128159-19%
Downtown Kitchener/East Ward126146-14%
Uptown Waterloo/North Ward126155-19%
Lexington/Lincoln Village103106-3%
Heritage Park/Rosemount100116-14%
Colonial Acres/East Bridge87150-42%
Columbia Forest/Clair Hills85137-38%
Huron Park8094-15%
Uptown Waterloo/Westmount7982-4%
Westvale7593-19%
Erbsville/Laurelwood72703%
Stanley Park/Centreville6594-31%
Fairview/Kingsdale6367-6%
Lakeshore/Parkdale6087-31%
Beechwood Forest/Highland W.5970-16%
Downtown/Rockway/S. Ward5575-27%
Glenridge/Lincoln Heights5299-47%
Alpine Village/Country Hills5257-9%
Grand River North5166-23%
Downtown Kitchener/W. Ward4151-20%
Chicopee/Freeport393318%
Victoria Hills363213%
Beechwood/University3662-42%
Hidden Valley/Pioneer Tower3552-33%
Lakeshore North3045-33%
Upper Beechwood/Beechwood W.3032-6%
Northfield1[n/a][n/a]
St Jacobs/Floradale/W.Montrose23-33%
Trussler2536-31%
Bridgeport2740-33%

All statistics gathered independently from KitchenerWaterloo Association of REALTORS® (KWAR).

This publication is not to be copied or duplicated without the express written permission of Roxanne Finn.

This publication is not intended to solicit buyers or sellers currently under contract with a brokerage.


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