http://www.waterlooluxurycondos.com - Here is a useful video for anyone who would like to know how the luxury condo market is doing in the Kitchener-Waterloo area.
The time frame I am using in the video is Nov 2009-Nov 2010 vs Nov 2010-Nov 2011.
This information can be helpful for anyone thinking of selling their condo or buyer who are looking to understand how well the Kitchener Waterloo condo market is performing.
Luxury condos sold within the past year vs the same period in the previous year over $300,000
91 Total Units sold between Nov 2009 - Nov 2010
17 Sold in Waterloo East
51 Sold in Waterloo West - 11 were Bauer Lofts, 16 at 255 Keats Way
11 Sold in Kitchener East
12 Sold in Kitchener West
The sale price for condos ranged in between $295,000 up to $695,000 Median Sale price was 347,500 Average days on market were 54 days
114 Total Units sold between Nov 2010 - Nov 2011
31 Sold in Waterloo East
60 Sold in Waterloo West - 20 of which were Bauer Lofts!!! 10 were at 255 Keats Way. 50% sold from just two complexes
13 sold in Kitchener East
10 Sold in Kitchener West
Condos ranged in sale price between $295,000 up to $950,000 Median Sale price was 348,750 Average days on market were 53 days So in summary there was a 20% increase of unit sales for condos over $300,000 year over year for 2009-2010 and 2010-2011. There was also an increase in the maximum sale price year over year. The median sale price saw a slight increase.
The above information is believed to be correct errors and ommissions accepted
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