It’s a busy time of year for home buyers in Guelph. Statistically, April and May are the largest sales volume months on the real estate calendar. But, despite the bump in sales activity, this doesn’t necessarily mean that prices increase as well.
Every year, the first few months seem to fly by. Before you know it, you’re into Spring weather and the housing market is in full swing. But before we look forward, let’s take a look back on three interesting facts for the first quarter housing market in Guelph.
When you’re looking for a home to buy there are many considerations to take into account: budget, timing, size of the house, neighbourhood, and perhaps other factors unique to your situation.
It’s the time of year where buyers and sellers begin to make plans for a spring market move. If you’re thinking about buying, you’re likely starting to determine your desired neighbourhood, finalizing your budget, and maybe even browsing some open houses. And if you’re planning to sell, it’s time to make sure your home is
The Guelph real estate market took us on a wild ride in 2018. Single family residential home sale dollars declined over 10% during the year and houses sold followed suit at about the same rate. The average purchase price of homes was just over $500,000 in Guelph (condos, townhouses and detached homes), which is nearly
November 2018 was the best November on record in the Guelph real estate market, with overall sales increasing over 3% vs 2017 and overall unit sales relatively flat. The average sale price in November 2018 was just over $500,000. That brings the overall year-to-date Guelph home price average to flat vs 2017, +21% vs 2016
Timing the housing market is more complicated than it sounds. From opinions about the best time of year for buyers or seller and arguments about the traditional spring rush to speculation about rising interest rates and tougher mortgage regulations, there are cases to be made about the best ways to navigate the real estate landscape.
One of the most common questions a Realtor® gets asked is, “how’s the market?” And it’s with good reason too. The current pulse of the real estate market drives the decisions of buyers and sellers alike whether it’s in the name of profits, investing, finding a deal, or discovering your dream home. So, how is
It might be the moment that Guelph home buyers have been waiting for. In August, less than 15% of the homes sold in Guelph were purchased over the original asking price, the lowest month percentage in 2018 following a previously slow month for sellers in July. Are buyers starting to get some of the power
Supply and demand is a fundamental concept of economics and the backbone of a market economy. When it comes to real estate, the more demand there is for homes, the higher prices go. And on the other hand, more supply to choose from means buyers can shop around for the best price. A market that