If you live in Cataraqui Westbrook and you're wondering whether your home is worth more or less than last year, the honest answer is: it depends on what you own. Houses and condos are telling two very different stories right now, and your city assessment is almost certainly not keeping up with either one.
Let's break it down for us locals.
Houses are holding steady. The average sale price sits at $765,000, and homes are moving fast - we're talking an average of just 8 days on the market. That speed ranks us 1st out of 8 comparable Kingston neighbourhoods for days-on-market. That's not a slow market. That's buyers making decisions quickly. The catch? Sellers are getting about 98.71% of their asking price, which means buyers have just enough leverage to negotiate a small discount. Call it a stable market with a slight lean toward buyers.
Condos are a different story. The HonestDoor Price for condos has jumped 22.55% from the previous period - that's a big number. But the predicted market value of $402,849 is actually trending down from the 3-month moving average of $446,495, and recent values have shifted by -13.14%. So while the HonestDoor Price popped, the short-term momentum is cooling. On the neighbourhood growth leaderboard, condos here rank 35th out of 44 Kingston neighbourhoods. That's below average, and worth knowing before you price anything.
Here's the thing about your city assessment - it's a snapshot from the past. It doesn't know that a house down the street sold in 8 days last month, or that condo values have been shifting fast. The HonestDoor Price is updated in real time using actual sales data, so it reflects what buyers are doing right now, not what they were doing two or three years ago.
For house owners in Cataraqui Westbrook, your HonestDoor Price is sitting at $638,667. Your neighbour's place might have sold for closer to $765,000. That gap is worth understanding before you make any decisions. For condo owners, the 22.55% jump in the HonestDoor Price is eye-catching, but the downward trend in predicted value tells you the market is taking a breather. You want the full picture, not just the headline number.
Checking your HonestDoor Price right now gives you a real-world check - not a government estimate that was set before inflation, rate hikes, and shifting buyer demand all did their thing to this market.
If you own a house in Cataraqui Westbrook, the timing is not bad. Homes are selling fast, the price is holding near $765,000, and a 5.36% rental yield means investors are paying attention too. You're not in a hot seller's market, but you're not sitting on a slow one either. Price it right and it moves.
If you own a condo, slow down before you list. The recent -13.14% shift in predicted value and a growth rank of 35 out of 44 neighbourhoods means you need to be sharp on pricing. Overpricing right now could leave you sitting while buyers look at Cataraqui North next door, where condo HonestDoor Prices average $550,228 and the rental potential is slightly stronger.
Either way, the smartest first move is checking your HonestDoor Price today. It takes two minutes and it gives you a current, data-backed number - not a guess, and not a stale assessment. That's the number you want in your back pocket before you call an agent or set a list price.
This information is all based on our opinions based on the information available to us. Everyone's situation may be different and you should reach out to us for more personalized information.