Kitchener and Waterloo

Do you own a house or home or a residential property in the Kitchener-Waterloo area? If you have ever thought of selling it, you are in the right place. Kitchener-Waterloo Association of REALTORS® (KWAR) is here to help you sell your Kitchener-Waterloo house area. The experience is fast and efficient ensuring you get the best deal for your property. Let’s consider the association’s home sales.

November Home Sales

November 2020 proved to be the fifth record-breaking month in the number of residential homes sold in the Kitchen-Waterloo region. The KWRA sold a total of 575 residential homes through the Multiple Listing System. This November figure set a new record for the number of homes sold in the Kitchen-Waterloo area. Furthermore, it's a 35% increase compared to the one recorded in November 2019 and a 17% decrease compared to October 2020. Moreover, a total of 433 ten-year average number of sales was experienced in November. Also, the home sales included; 341 detached homes, representing a 28.6% increase from November the previous year, 82 condominiums representing a 60.7% increase, 112 townhouses, a 53.4% increase, and 40 semi-detached homes representing a 5.2% increase.

According to Nicole Pohl, the President of KWAR, they’re beyond any pent-up demand for the community from the first lockdown and their concern is dealing with it. Moreover, she says the COVID-19 pandemic is increasing the market and elevating the Waterloo region as a desirable residential place.

The Average Sale Price

In November 2020, the residential property sold in the region was an average sale price of $637,336, a 13% increase from that of November 2019. On the other hand, the average price of detached homes sold was $753,641, a 14.4 increase from the one recorded in November the previous year. Moreover, in November, apartment-style condominiums had an average sale price of $400,882, an increase of 12% from that of November 2019, while the townhouses went for an average sale price of $482,901, an increase of 8.6% from the previous year at the same period.  Additionally, semis sold for an average price of $562,988 representing a 30.4% increase from November 2019.

The Median Price

Residential properties recorded a median price of $600,000, a 16.5% increase from the one recorded in November 2019. Furthermore, the median price of detached homes in November 2020 was $685,000, an increase of 15% from November the previous year.


November 2020 reported 584 listings, a 34.8% from that of November 2019, and a 13% increase from the month’s previous ten-year average. Nicole Pohl says that the prices are rising in November since there’s a competition for listing among buyers in the market. However, the supply is lower than the demand.


There is fierce competition in real estate; hence, it is important to work with a local REALTOR® such as Kitchener-Waterloo Association of REALTORS®. The report in November 2020 has shown an increase in the listing, sales-price-list price ratio and so much more. So, if you want to sell your house in the city or your residential property in that region, you can consider getting the services of KWAR.