House Sales Surge in April!

House Sales Surge in April!

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!

Thinking of take advantage of this real estate boom? Click here to find out what your home is worth and click here for information about buying a home!