Sales rise in Ontario markets
By Jamie Henry | Canadian Real Estate Wealth | May 7, 2015
Realtors in Kitchener-Waterloo and Windsor-Essex are reporting increased sales.
MLS sales in Kitchener-Waterloo were 11.4 per cent higher in April this year compared to a year earlier with 539 properties sold. That’s 7.8 per cent above the five-year average for the month.
“The spring market is definitely in full swing here in Waterloo Region,” says Mark Wolle, president of the Kitchener-Waterloo Association of Realtors
“We’re seeing sales activity that is fairly steady and consistent comparing to five-year trends, which speaks to the stability of the market here in Kitchener-Waterloo.”
The average sale price of $346,702 is a 4.6 per cent increase from a year earlier.
Meanwhile, in Windsor-Essex sales in April were up 25.7 per cent on the previous year, according to agents.
There were 582 sales at an average sale price of $199,586 with buyer sentiment boosted by a strong jobs market, including investment in the Chrysler factory in Windsor.