This September 2020 edition of our Kitchener-Waterloo Luxury Real Estate Market Report will examine:

  • Number of New Listings
  • Number of Sales
  • Average & Median Sale Price
  • Days on Market
  • List Price to Sale Price Ratio
  • Total Sales Volume

This report only includes single detached homes that sold for over $1,000,000 in Kitchener-Waterloo.

We will also take a look at neighbourhood specific stats year-to-date (January-September) for the following communities:

  • Colonial Acres/East Bridge
  • Pioneer Park/Doon/Wyldwoods
  • Hidden Valley/Pioneer Tower
  • Lexington/Lincoln Village
  • Columbia Forest/Clair Hills
  • Erbsville/Laurelwood
  • Idlewood/Lackner Woods
  • Laurentian Hills/Country Hills W
  • Chicopee/Freeport
  • Downtown Kitchener/East Ward
  • Trussler
  • Forest Heights
  • Upper Beechwood/Beechwood W.
  • Beechwood/University
  • Uptown Waterloo/Westmount
  • Huron Park

City Overview

  • The month of September was outstanding for the luxury market, seeing an increase from just 7 sales in 2019 to 37 in 2020.
  • The average selling price of of these 37 luxury homes was $1,440,733.
  • The median days on market was just 13 days.
  • Year-to-date there have been 166 luxury homes sales, a huge increase from 2019’s year-to-date luxury sales of just 90.

Neighbourhood Focus

  • Hidden Vally & Pioneer tower continue to lead the city in luxury home sales with 33 since January 1 2020.
  • Pioneer Park, Doon, & Wyldwoods has exploded as a luxury community this year, increasing from 6 sales YTD in 2019 to 21 sales YTD this year.
  • Colonial Acres & East Bridge are experiencing significant growth compared to last year, with 24 luxury sales since January 1st.

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

This Kitchener-Waterloo luxury market report is based on statistics of single-detached homes sold for over $1,000,000.


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