Kitchener Real Estate Statistics

Kitchener Real Estate Price Trend
Kitchener real estate average sold price in the last 30 days (June 30 - July 29) was $730,772, which is $16,335 (2.2 %) higher than the average price of $714,437 in the previous 30 day period (May 31 - June 29), and $114,351 (15.6 %) up from the same period 1 year ago ($616,421). Kitchener real estate prices over the last 30 days are also $61,262 (8.4 %) higher than the average selling price of $669,510 over the past year.
Kitchener average sold price for homes was $836,534 in the last 30 days (June 30 - July 29), which is $29,072 (3.5 %) up from the average home price of $807,462 in the previous 30 day period (May 31 - June 29), and $127,311 (15.2 %) higher than the same period 1 year ago ($709,223). In the last 30 days Kitchener the average home price was $69,221 (8.3 %) higher than the average selling price of $767,313 over the last 12 months.
Average Kitchener condo sold price over the last 30 days (June 30 - July 29) was $419,947. During this period it was $626 (0.1 %) up from the average price of condo of $419,321 during the previous 30 days (May 31 - June 29), and $62,581 (14.9 %) higher compared to the same period 1 year ago ($357,366). In the last 30 days Kitchener the average condo price was $15,318 (3.6 %) higher than the average selling price of $404,629 over the last year.
Average sold price of Kitchener townhouse was $589,242 in the last 30 days (June 30 - July 29), down $12,858 (2.2 %) from the average townhome price of $602,100 over the previous 30 days (May 31 - June 29), and $114,142 (19.4 %) higher than during to the same period 1 year ago ($475,100). Over the last 30 days the average townhouse price in Kitchener was $37,510 (6.4 %) higher compared to the average selling price of $551,732 over the last 12 months.
Sold Price Above/Below Asking ($)
Average selling price for Kitchener real estate was $730,772 in the last 30 days (June 30 - July 29), which is collectively $69,323 (9.6 %) higher than the average asking price of $718,383. This represents a decline of $7,277 (9.5 %) compared to $76,600 (10.7 %) Sold-Over-Asking price from the previous 30 day period (May 31 - June 29).
The maximum Sold Over/Under Asking ratio in Kitchener during the last 12 months was recorded in February, 2021 with an average of $103,784 over the asking price, while the minimum occurring in July, 2020 with $5,522 above the asking price.
Sales to New Listings Ratio
Sales to New Listings Ratio (SNLR) represents the number of sales in relation to new inventory listed over a period of time. SNLR for all property types in Kitchener was 276.4 % with 152 properties sold and 77 new properties listed in the past 30 days (June 30 - July 29). This represents an increase from 257.1 % recorded during the previous 30 day period (May 31 - June 29), and an increase from 121.7 % compared to the same period one year ago.
Over the the last year the highest SNLR in Kitchener was 252.6 % recorded in June and the lowest was in January at 105.7 %. SNLR of under 40% generally represents the Buyers' Market, while 60% and above - the Sellers' Market, with 40% to 60% range signaling a balanced market.
Average Days on Market when Sold vs Delisted
The Average Days on the Market (DOM) for 152 properties that were successfully sold in Kitchener in the last 30 days (June 30 - July 29) was 8 days, which is 1 days less than 9 days average in the previous 30 day period (May 31 - June 29) and 15 days shorter than during the same period a year ago (23 days).
There were 52 delisted properties in Kitchener, those that got either Expired, Suspended or Terminated over the last 30 days (June 30 - July 29) with an average of 24 days on the market. This is 3 days shorter than the average of 27 days during the previous 30 day period (May 31 - June 29) and 18 days less compared to the same period last year average of 42 days on the market.
52 Kitchener properties that didn't sell stayed on the market 200.0 % longer than 152 that sucessfully sold over the last 30 days - 8 days when sold vs 24 days when delisted respectively.
Average Days on the Market in Kitchener over the past 12 months for properties that have sold was 13.2 days, with 37.0 days for those properties that did not sell.
New Real Estate Listings vs Sold/Delisted
55 new properties were listed on the market in Kitchener in the last 30 days (June 30 - July 29). During the same time 152 properties were sold and 52 listings were removed from the market (Expired, Suspended or Terminated), which represents a decrease in total inventory by 149 properties (or 270.9 %).
During the previous 30 day period (May 31 - June 29) there were 77 new properties listed, 198 sold and 63 properties that did not sell and were removed from the market.
Over the past year the busiest month for new listings was March with 176 new properties listed, the slowest - December with 39 new listings and a yearly average of 90 new listings per month.
New Real Estate Listings by Property Type
There were a total of 36 homes listed during the last 30 days (June 30 - July 29), which is 65.5 % of all properties listed in Kitchener. This is a 21.7 % decline compared with a previous 30 day period (May 31 - June 29) and 30.8 % down from the same period a year ago. Over the past year an average of 53 homes are were listed per month.
9 condo units were listed in the last 30 days (June 30 - July 29) in Kitchener, which represents 16.4 % of all new listings. This is down 30.8 % from the prior 30 day period (May 31 - June 29) and 25.0 % less compared to the same period last year. There were 13 condos listed per month on average during the last 12 months.
10 townhomes were listed over the last 30 days (June 30 - July 29) in Kitchener, which is 18.2 % of all new real estate inventory. This is a 44.4 % less than during the previous 30 day period (May 31 - June 29) and 47.4 % decrease compared to the same period a year ago. During the last year the average number of townhomes listed stood at 24 a month.
Real Estate Sales by Property Type
There were a total of 100 homes sold during the last 30 days (June 30 - July 29), which is 65.8 % of all properties sold in Kitchener. This is a 21.3 % decline compared with a previous 30 day period (May 31 - June 29) and 49.3 % up from the same period a year ago. Over the past year an average of 82 homes are were sold per month.
19 condo units were sold in the last 30 days (June 30 - July 29) in Kitchener, which represents 12.5 % of all sold properties. This is down 9.5 % from the prior 30 day period (May 31 - June 29) and 58.3 % more compared to the same period last year. There were 15 condos sold per month on average during the last 12 months.
33 townhomes were sold over the last 30 days (June 30 - July 29) in Kitchener, which is 21.7 % of all sold real estate. This is a 34.0 % less than during the previous 30 day period (May 31 - June 29) and 50.0 % increase compared to the same period a year ago. During the last year the average number of townhomes sold stood at 34 a month.
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