Kitchener Waterloo Real Estate Board Statistics for June 2010

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Kitchener Waterloo Real Estate Board Statistics for June 2010

By Warren McNeil

The Table below shows the most relevant Kitchener Waterloo real estate data for the month of June 2010 and compares it with the previous month and the previous year, (previous month) May 2010 and (previous year) June 2009, respectively. This information is for single detached only in all areas.

Kitchener Waterloo Real Estate Board Statistics June 2010

WATERLOO REGION (ALL Areas)	(June 10)	(June 09)	%CHANGE 09/10	(May 10)	%CHANGE May/June
UNITS SOLD	426 SOLD	469 SOLD	-9.2%	427 SOLD	-0.2%
AVERAGE PRICE SOLD	$325,870	$303,358	+7.4%	$342,146	-4.8%
ACTIVE LISTINGS (END of PERIOD)	1653 ACTIVE	1538 ACTIVE	+7.5%	1636 ACTIVE	+1.0%
AVERAGE DAYS ON MARKET	36 DAYS	57 DAYS	-36.8%	37 DAYS	-2.7%
SALE PRICE TO LIST PRICE RATIO	98%	98.3%	-0.3%	98.3%	-0.2%

As you can see from the above table, sales were really good in June. Last year there were more units sold but the average house price went up and the average days on market went down 36.8% this year over last year. Houses are selling faster. Sellers were trying to beat the HST so some were buying earlier in the year. Overall, residential sales in Kitchener Waterloo area are up 16% for the first 6 months of the year. This is good news and I expect the rest of the year to remain solid. The late-summer – fall market should be pretty strong.

The above Kitchener Waterloo Real Estate Board Statistics are believed to be correct errors and ommissions accepted.

Thanks for reading!

Warren & Melanie McNeil | Sales Representatives, Team McNeil
RE/MAX Twin City Realty, Brokerage ( 519.579.4110 | 519-498-8118