As construction of the light rail transit system (LRT) continues, Kitchener-Waterloo is expected to continue to thrive economically. In combination with the continued increase of Go-Train frequency between Kitchener and the GTA, along with the healthy tech sector growth, the region will continue to attract buyers looking to find more value for their money arriving from Toronto and area, as well as commuters, and those employed or looking to become involved in K-W’s technology parks and increased business growth.
The RE/MAX 2017 average residential sale price expectation for Kitchener-Waterloo is an eight per cent increase in home prices, increasing to $413,313 for the average residential sales price, up from $382, 687 in 2016. Spring 2017 should also bring increased inventory levels, along with some new developments coming to market. However, 2017 is expected to stay a seller’s market with an expected 8 per cent increase in home prices.
For sellers, these numbers provide even more incentive to ensure you present your home in the best light, to make the most out of the sale of one of your biggest assets. This includes making repairs, maintaining home systems including HVAC, and water lines, as well as keeping your curb appeal in tip-top shape.
If you’re thinking about selling your home and want to maximize your profits, ask us how! We’ll provide you with a free home evaluation and get you started on understanding the value of your home in our current market.