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 jeff.gingerich@century21.ca.  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

http://JeffGingerich.com

"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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