This September 2020 edition of our Stratford 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

Luxury Market Review

* a luxury sale is classified as a single detached home that sold for over $750,000.

Image: 88 Daly Avenue, Stratford.
List price: $875,000. Sold for 100% of asking in the first week.

  • The third quarter (July-September) of 2020 was outstanding for the luxury market, seeing an increase from just 5 sales in 2019 to 17 in 2020.
  • The average selling price of of these 17 luxury homes was $872,088.
  • The median days on market was just 21 days, a signifiant decrease in time to sell compared to the median days on market of 108 in 2019.
  • Luxury homes in Stratford are selling for 100% of asking price.
  • Year-to-date there have been 27 luxury homes sales, a big increase from 2019’s year-to-date luxury sales of just 19.
  • As Stratford’s real estate market improves as a whole, we will continue to see more and more homes break into the luxury market with a list price of over $750,000.

The Market as a Whole

Similar to the report above, we have examined a number of key statistics for the 3rd Quarter in Stratford.

These stats are relative to all residential sales at no minimum price point. We have separately identified:

  • Single Detached Sales
  • Townhouse/Duplex/Row Sales
  • Condominium Sales
  • Single detached home prices have broke into the 500k range, with an average sale price of $504,779.
  • Single detached homes are typical selling over asking price, at 103.7% of asking.
  • The average home in stratford is on the market for just 8 days.
  • Since the beginning of 2020, there have been 290 single detached home sales.

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

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