WATERLOO REGION – The resale housing market in Cambridge is finishing the year with a bang.
Agents with the Cambridge Association of Realtors sold 243 homes last month, up 24 per cent from the 196 in the same month a year earlier.
It was the seventh month in a row that sales were up on a year-over-year basis.
“The sustained strength of the marketplace reflects the consumer confidence in the region,” Karen Monteiro, president of the association, said in a news release.
Sales through the first 11 months of the year totaled 2,817, up eight per cent from the same period a year ago.
Sales were down in Kitchener and Waterloo last month. The Kitchener-Waterloo Association of Realtors recorded 450 sales, down from 488 in November 2010.
The association noted that last month’s total equals the five-year average for sales in November.
“November’s home sales were on par with expectations and previous year’s activities, and we are pleased to report that the residential real estate market continues to demonstrate its stability in Waterloo Region,” Sara Hill, the association’s president, said in a news release.
Through the first 11 months of the year, the association recorded 5,921 home sales, down 2.3 per cent from the same period a year ago.
The average sale price in Kitchener and Waterloo last month jumped 6.6 per cent to $299,755, compared to a year earlier.
In Cambridge, the average price increased six per cent to $308,938.
via The Record
No comments:
Post a Comment