Kitchener-Waterloo Real Estate Board
MLS® Statistics
In Town Residential Properties
©George Patton, Broker
| Nov 07 | Nov 08 | Change | % | |
| Listings | 974 | 1,383 | 409 | 41.99 |
| Sales | 413 | 235 | (178) | (43.10) |
| % Volume | 103,664,000 | 60,621,000 | (43,043,000) | (41.52) |
| Average Sale Price | 251,000 | 257,960 | 6,960 | 2.77 |
| Median Sale Price | 232,500 | 234,000 | 1,500 | .65 |
Year to End of Month of November
| 2007 | 2008 | Change | % | |
| Total Residential Sales | 5,249 | 4,749 | (500) | (9.53) |
| Total | 1,284,033,000 | 1,242,200,000 | (41,833,000) | (3.26) |
Previous 12 Month Period Versus Last 12 Month
| Dec 06-Nov 07 | Dec 07-Nov 08 | Change | % | |
| Total Residential Sales | 5,483 | 4,977 | (506) | (9.23) |
| Total | 1,337,771,000 | 1,297,884,000 | (39,887,000) | (2.98) |
All information based on MLS® data owned by Kitchener-Waterloo Real Estate Board covering, 01/01/91 to 11/30/08, is considered accurate but cannot be guaranteed. Listing numbers based on number as of last business day of month but does not include properties listed for rent or those which do not provide year-round occupancy.
NOTES:
A dramatic shift in the market with sales well off from November 2007. These sales levels are typical of what we would expect in December. Traditionally, the number of available listings declines starting in October. In 2008 we are seeing the reverse with listing levels climbing. Both the average price and median price have been in general decline since May to the Point where they have returned to the levels of the same period in 2007. The upper end of the market, which had been strong through the fall, slowed considerably this month.
George Patton