Home sales surprised on the high side as the Kitchener Waterloo Association of Realtors reported 6,366 residential MLS transactions for 2013. This marks the 3rd highest annual total on record trailing only 2007 and 2010.
Of note, the dollar volume of residential sales eclipsed the 2 billion dollar mark for the first time. The average price of all residential properties sold was $323,335. This represents an increase of 4% over 2012 totals. Forty seven per cent of all sales were above $300,000.
Tomorrow, I'll offer my annual forecast for 2014.
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