Home sales in Waterloo Region finished strong to end 2020.
Another record was set in December as 351 properties were sold through the Multiple Listing System, which is a 42 per cent increase compared to December 2019.
When you break it down for the year, over 6,400 homes exchanged hands, an increase of nine per cent compared to figures from the previous year.
“This marks the sixth consecutive month of record home sales in Kitchener-Waterloo and helps propel 2020’s annual number of transactions over the 6,000-unit threshold for only the third time in our history.” Nicole Pohl, President of the Kitchener-Waterloo Association of Realtors, explained in a news release.
Here’s a breakdown of sales in December:
- 204 detached homes (up over 46 per cent)
- 64 freehold townhouses (up 68.4 per cent)
- 63 condominium units (an increase of 34 per cent)
- 20 semi-detached homes (down over nine per cent)