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A cooler Market for February – Credits to the Government’s new rules

KITCHENER-WATERLOO, ON (Mar 5, 2018) –– In February, the 377 residential properties sold through the Multiple Listing System (MLS® System) of the Kitchener-Waterloo Association of REALTORS® (KWAR), were an increase of 40 per cent compared to last month and a decrease of 20.5 per cent compared to home sales a year ago. A typical February compared to the ten-year average.

The median price of all residential properties sold last month was practically on par with February of last year at $436,143, and the median price of a detached home during the same period increased 4.8 per cent to $524,000.

The average days it took to sell a home in February was 22 days, compared to 18 days in February 2017.

Not all is the same for properties to know what yours’s is worth, I can provide you with a comprehensive or short market valuation. Contact me, Denis Pellerin at Dpellerin@ColdwellBankerPBR.com or by phone at (519) 577-8181.