KW HOME SALES MAINTAIN STEADY PACE
KITCHENER-WATERLOO, ON (February 5, 2013) –– Residential sales through the Multiple Listing Service
(MLS® System) of the Kitchener-Waterloo Association of REALTORS® (KWAR) were down slightly in January
compared to the same month last year.
There were a total of 337 residential properties sold last month, a 2.3 percent decrease compared to the same
month last year, and a 23.9 percent increase from December 2012.
“January’s sales were in line with the 10-year average for our area,” Dietmar Sommerfeld, President of the
KWAR points out.
January’s residential sales included 237 detached homes (up 6.8 percent compared to January 2012) 49
condos (down 34.7 percent), 24 semis (up 14.3 percent), and 26 freehold townhouses (up 4 percent).
Residential sales between $250 and $349,999 were strong showing a 32 percent (157 vs. 119 units) increase
compared to January last year.
The average sale price of all homes sold in January increased half a percent to $319,283 from the same time
last year. Single detached homes sold for an average price of $354,540, a decrease of 2.6 percent compared
to January 2012. In the condominium market the average sale price in January was $212,408, a 4.7 percent
decrease compared to the same month a year ago.
Media Contact: Tania Benninger, Communications & Government Relations Manager, 519-576-1400 ext. 227