Record Sales Continue in Million Dollar Luxury Homes in Kitchener Waterloo

Million dollar residential sales continue to set new records in Kitchener Waterloo in 2010.  Luxury home sales over 1 million dollars on the Kitchener-Waterloo Multiple Listing Service total 11 year-to-date.  The average sale price of these homes is a lofty $1,502,545.  The average days on the market for these sales has soared to 130 days or over 4 months versus 39 days for the broader market.  Sellers of these homes have received, on average, 94% of their asking price.  Of note, 10 were resale homes and 1 was new with 7 in Kitchener and 4 in Waterloo.

Pictured above is the most recent sale of a million dollar home.  It's located in the exclusive Hidden Valley area of Kitchener and is described as a 5 year old, 5100 square foot California-style bungalow with 5 bedrooms and 8 bathrooms.  The asking price was $1.59 million and the property taxes for 2010 were $17,727.

Curious where the million dollar homes are located?  Five of these sales were in Kitchener's Hidden Valley and 2 were in Kiwanis Park.  There was one sale in each of Waterloo's Westmount, Colonial Acres, Beechwood and Upper Beechwood areas. 

Are you searching for a million dollar luxury home in Kitchener Waterloo? There are currently 24 active MLS listings over $1 million consisting of 13 resale homes, 1 built on spec and 10 to be built.  Of note, supply is somewhat limited in Waterloo with 4 homes for sale while there are 20 in Kitchener.  The average asking price is $1,596,599 and average square foootage is 4361 square feet.  That equals an asking price of $366/sq. ft.  Call or email for specifics on these properties.

If you are looking to take advantage of current market conditions to sell your million dollar luxury home, contact me at 519-505-4488 or  I'll be happy to show you the many benefits of our proven Century 21 Fine Homes and Estates marketing system. 


Jeff Gingerich

Sales Representative

Century 21 Home Realty Inc. Brokerage

Office:  519-570-4663

Direct:  519-505-4488

"Delivering results in Kitchener-Waterloo since 1989."



Jeff Gingerich

Jeff Gingerich

Sales Representative
CENTURY 21 Home Realty Inc., Brokerage*
Contact Me

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