After a record-setting 2010, sales of million dollar homes in Kitchener Waterloo are poised to hit new heights. Million dollar residential sales on MLS already total 4 year-to-date in Kitchener Waterloo following 12 in 2010. The average sale price for these homes was $1.219 million and it took 125 days to find a buyer on average. Buyers are driving a hard bargain as the average sellers received was only 88% of their asking price. Three of the homes were in the exclusive Deer Ridge area of Kitchener and one was in Upper Beechwood in Waterloo. Of note, all were resale homes.
Are you searching for a million dollar luxury home in Kitchener Waterloo? There are currently 24 for sale. Of those, 11 are new(to be built) and 13 are resales. There are 20 in Kitchener and 4 in Waterloo. Of the 13 resales, the average asking price is $1.394 million with an average square footage of 4463. This works out to an average per square foot of $312. For comparison, new home builders are asking, on average, $329/sq. ft. If you're relocating to Kitchener Waterloo and would like specifics on luxury homes currently for sale, call or send me a quick email and I'll be happy to provide the information.
If selling your million dollar luxury home in Kitchener Waterloo is keeping you up at night, I can help. Using our proven Century 21 Fine Homes and Estates program, I'll take care of all the details to successfully market your home and give you peace of mind. Give me a call or send a quick email to arrange a free consultation 519-505-4488 firstname.lastname@example.org.
Century 21 Home Realty Inc. Brokerage
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