Lifestyles of the Rich and Famous

With the real estate market having improved considerably since May, I thought it time to revisit the topic of million dollar home sales reported through MLS in Kitchener-Waterloo.  Year-to-date, there have been 2 sales including the one pictured above.  It has over 8000 sq ft of living space and sits on 1.5 acres in scenic Hidden Valley.  There are currently 18 active listings in this price range compared with 21 at the end of May.  There were 8 sales in this price range in 2008.  The decline in sales has spurred a buyers market in this price range with this most recent sale fetching 87% of the asking price. 

Jeff Gingerich

Jeff Gingerich

Sales Representative
CENTURY 21 Home Realty Inc., Brokerage*
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