By Warren McNeil
 

The Table below shows the most relevant real estate data for the month of March 2010 and compares it with the previous month and the previous year, February 2010 and March 2010, respectively. This information is for single detached only in all areas.

The above information is believed to be correct errors and ommissions accepted.

 Another amazing month! For the first time in March, residential sales surpassed the 700 transactions threshold. This is for total residential sales. Detached home sales were up 31.8% over 2009. The average house price for total residential increased to $276,695 over the previous year.

The possible reasons for these increases is because of the nicer weather,  the coming mortgage changes happening later this year, the HST and increased consumer confidence. I think the early spring has really helped the real estate market in Kitchener-Waterloo compared to last year.

Thanks for reading!

We are a full-time real estate team in Waterloo Region, Woolwich & Wellesley Townships. We enjoy assisting buyers and sellers with the purchase or sale of real estate in the Kitchener-Waterloo, Cambridge, Elmira, Wellesley, Wilmot, Drayton and everywhere in between. If you would like us to help you with your home search, please check out our brand-new free search website or if you are thinking of selling, get a free market evaluation.

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