Welcome to our Q4 edition of WHITNEY Insite. As we close out 2021, who would have thought the average price of a detached home in K-W would be $1,021,353! If that is startling, what about what’s happening to the cost of industrial land? Three years ago, an acre was worth $350,000. Today, that has increased to $1M per acre in the Region.
Suffice it to say, the real estate market continues at its crazy pace. We love to share our insights into the market, so you have a glimpse of what is really going on in your community.
We wish you all the best in the New Year, and hope 2022 may be a return to normal!
John Whitney, SIOR
Broker of record, ceo