Kevin Jones Sales Representative at Re/Max Twin City Realty Inc.
83 Erb Street West N2L6C2 Waterloo, ON, Canada

Laurelwood Real Estate Market - Year in Review A shortage of homes available for sale continued to be a factor in the Laurelwood real estate market. While it would seem that this is a result of the pandemic, I do not believe that to be the case as all of the surrounding neighbourhoods experienced an increase in sales volume. A total of 57 homes sold in Laurelwood last year, a drop of more than of 18% from the 70 that sold in 2019. Strong demand and a lack of inventory resu...lted in an average sale price of $818,000 an increase of nearly 13% from the average of $726,000 the previous year. Intense competition for the homes that were available resulted in 75% of all homes selling at or above full list price and 65% selling after being on the market for 7 days or fewer. Home prices in Laurelwood have increased by 62% since 2015. Check out my blog for all the details: https://www.kevjones.com/Laurelwood-Winter-2021 See more

Not even a global pandemic could slow down the real estate market in Upper Beechwood and Beechwood West. Last year more homes changed hands in the area than any year since 2006 and strong demand resulted in sale prices continuing to climb. A total of 52 homes sold in 2020 an increase of 13%... from the 46 that sold in 2019. The average sale price last year was $923,000 an increase of 2% from the average of $905,000 the previous year. Home prices in the neighbourhood have increased by 64% since 2015. Strong demand resulted in almost two-thirds of all homes (65%) selling at or above full list price and more than half (56%) selling after being on the market for 7 days or fewer. Check my blog for all the details: https://www.kevjones.com/Upper-Beechwood-Beechwood-West-Win See more

So far this year 25 homes have sold in Conservation Meadows. The average sale price has been $870,000, an increase of more than 17% from the average during the same period last year. 64% of homes have sold at, or above, full list price and 52% of homes have sold in 7 days or less.

The market in Eastbridge continued to be strong and active in November. So far this year 69 homes have sold with an average sale price is $761,000, an increase of nearly 14% from this point last year. 78% of homes have sold at or above full list price and 67% of homes have sold in 7 days or less... .

Westvale Real Estate Market Update - November Results. The market in Westvale remained strong through the end of November. Seven homes sold in November bringing the total for the year to 77. The average sale price this year has been $686,000 an increase of almost 17% from the average last year. 83% of all homes sold at or above full list price and 70% sold in seven days or less.

It continues to be a very strong year for home sales in Beechwood and Maple Hills. The average sale price so far this year has been $781,000 an increase of 6% from the average during the same period last year. 65% of homes sold at or above full list price and nearly half (47%) sold after being on the market just 7 days or less.

It has been a strong year for home sales in Beechwood Forest and Highland West. Through the end of November 72 homes have sold with an average sale price of $679,000, an increase of more than 16% from the average last year at this point. 78% of homes have sold at or above full list price and 44% have sold in 7 days or less.

Forest Heights Real Estate Market Update - November Results It continues to be a banner year for home sales in Forest Heights. Through the end of November 156 homes have sold in the area with an average sale price of $617,000 an increase of more than 15% from the average during the same period last year. 79% of homes have sold at or above full list price and 56% of homes have sold in 7 days or fewer.

The only thing slowing down the real estate market in Laurelwood is lack of inventory. Strong demand for the homes that were available has resulted in the average price increasing by over 13% versus the same period last year. 77% of homes sold at or above their full list price and 65% sold after being on the market for 7 days or less.

The area is on pace for a record year. Through the end of November 153 homes have sold with an average sale price of $780,000 an increase of $95,000 from the record average last year at this point. 63% of homes have sold at or above full list price and 42% have sold in 7 days or less.

Upper Beechwood and Beechwood West Real Estate Market Update - November Results The strong market in the area continued through November. Six homes were sold in the neighbourhood in November, more than the previous two Novembers combined. A total of 51 homes have sold in the area so far this year and the average sale price has been $907,000. Demand continues to be strong, 67% of homes have sold at or above full list price and 57% have sold in 7 days or less.

The market continued to be strong in October, homes in the area were selling for nearly 10% more than their full list price and after an average of just 7 days on market. So far this year 67% of all homes sold in the neighbourhood have sold at or above full list price and 56% have sold after 7 days or fewer on the market.

Just Sold - 307 Amberwood - Upper Beechwood - Waterloo Listed at $799,000 strong demand for this 4 Bedroom, 2,300+ square foot home resulted in more than 20 showings, multiple offers and a terrific sale price after just 5 days on the market. Despite the current situation, demand in the neighbourhood is quite high, if you are considering selling call me today for a no-cost, no-obligation home evaluation.