Cambridge has experienced a very strong spring market this year! The Cambridge Association of Realtors has reported that 350 homes were sold in April 2015. This is a 10.4% increase over April 2014. The average sale price increased by 8.7% over last year to $341,513. The breakdown of homes sold in various price ranges are as follows: 82 homes sold for under $249,999; 129 sold for $250,000 to $349,999; 106 sold for $350,000 to $499,999; and 33 sold for more than $500,000. In total, there were 681 new listings last month, up from 563 in March and 551 in April of last year.
The Kitchener-Waterloo Association of Realtors are also experiencing a strong market with 539 recorded sales in Kitchener and Waterloo last month, up 11.4 from a year earlier. This means the entire region is having a very strong year!