Luxury Home Sales In Kitchener Waterloo Poised For Record Results

Million dollar homes in Kitchener Waterloo continue to sell at record-setting levels this year.  Following 2010's record total of 12, there have already been 8 residential MLS sales over $1 million in 2011.  Luxury home buyers continue to have it their way as sellers are receiving, on average, 92% of the asking price, down slightly from 2010's average of 93%.  There was some good news for Kitchener Waterloo sellers as these million dollar home sales took a brisk 73 days on average versus 124 days in 2010.  The average sale price for these homes was $1.255 million and square footage ranged from 2650 to 5000.  Of note, 2 of the million dollar sales were new construction and 6 were resale homes.  Deer Ridge is the place to be as 5 of the 8 sales were located there.  The remainder were in Kiwanis Park, Upper Beechwood and Chicopee. 

Are you looking for a million dollar luxury home in Kitchener Waterloo?  Opportunity knocks as there are currently 35 properties available.  Of these, 13 are new and 22 are resale homes.  There is ample supply in desirable areas such as Colonial Acres, Hidden Valley, Deer Ridge, Wyldwoods, Beechwood and Westmount.  Prices range from $1 million to $2.5 million.  If you are relocating to Kitchener Waterloo, send me a quick email and I'll be happy to assist with your search jeff.gingerich@century21.ca.

If selling a million dollar luxury home is on your agenda, I'll be happy to consult with you and review our proven Century 21 Fine Homes and Estates system.  We'll take care of all the details to successfully market your home and give you the edge in this competitive marketplace.  Feel free to call or email 519-505-4488 jeff.gingerich@century21.ca.

 

Jeff Gingerich

Sales Representative

Century 21 Home Realty Inc. Brokerage

Office:  519-570-4663

Direct:  519-505-4488

http://JeffGingerich.com

"Delivering results since 1989"

 

Jeff Gingerich

Jeff Gingerich

Sales Representative
CENTURY 21 Home Realty Inc., Brokerage*
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