Staying current and providing up-to-date real estate related information is always a goal of The Melissa Francis Team! Ensuring that those interested in Real Estate are knowledgeable about current market trends is a duty that the Team takes very seriously! After all, knowledge is power, and helping their clients make smart home buying or selling decisions is always a top priority.
Waterloo Region Market Stats (Info Provided by Waterloo Region Association of Realtors)
In May, the average sale price for all residential properties in Waterloo Region was $821,828 This represents a 5.6 per cent decrease compared to May 2022 and a 3.1 per cent increase compared to last month.
- The average price of a detached home was $964,130. This represents a 2.8% decrease from May 2022 and an increase of 4.2% compared to last month.
- The average sale price for a townhouse was $697,551. This represents a 2.4% decrease from May 2022 and an increase of 5.0% compared to last month.
- The average sale price for an apartment-style condo was $482,926. This represents a decrease of 11.8% from May 2022 and a decrease of 1.4% compared to last month.
- The average sale price for a semi was $726,702. This represents an increase of 1.1% compared to May 2022 and an increase of 5.8% compared to last month.