REAL ESTATE MARKET VIDEOS

Beth and Ryan Waller

Beth and Ryan Waller are Guelph Realtors and Guelph Real Estate agents. This channel is to showcase some listing videos, along with market insight videos. For more info, visit https://bethandryan.ca

This month for GuelphToday, Beth and Ryan Waller talk about the February 2023 Guelph real estate market with Jesse Giovinazzo.

February performance: overall sales were significantly lower in 2023 than 2022 (as expected), but also light vs the prior 5 year average. This is likely due to low amounts of inventory hitting the market.

This low inventory, combined with buyers coming out to buy had 32% of all sales in February selling over the original asking price. Sellers were holding offers again and buyers were forced to minimize or completely remove conditions in order to be competitive.

More on holding offers here:
https://bethandryan.ca/what-is-the-difference-between-holding-offers-and-an-irrevocable-period/

More on conditional offers here:
https://bethandryan.ca/conditional-offer/

First time buyers appear to be getting back into the market after the Central Bank paused rates in early March for the first time in over a year. 18% of houses in February sold for under $600K vs 9% in 2022.

Our team works with many first time buyers and if you are considering your first home we'd love to talk!

More on first time buyers here:
https://bethandryan.ca/buying-a-house-first-time-buyers/

Lastly, there is still heavy demand from parents buying homes for their children to attend the University of Guelph. In late 2022, there were 6 units available at Solstice 1/2 on Gordon St and prices were negotiable. Just 12 weeks later, these prices have rebounded 15-20% as parents get desperate to find rental housing and buy up anything available.

Our team has helped many parents buy homes for their child and we can help you too!

More on student housing in Guelph:
https://bethandryan.ca/student-rental-properties-where-to-start/

#guelph #realestate #guelphrealestate #guelphontario #uofg #guelph #students #rentalproperty #firsttimehomebuyer #realtors

This month for GuelphToday, Beth and Ryan discuss three key findings in the Guelph real estate market:

1. Watch out for reports that show dramatic declines in volumes as attention grabbers. Yes, volumes are down vs 2022, but statistically are back in line with pre-COVID volumes. If you can read through the headlines into the data, you'll see that it may be a great time for first time buyers to get back into the market. More on first time buyers here:
https://bethandryan.ca/buying-a-house-first-time-buyers/

2. In some cases, we're starting to see multiple offers and irrevocable times on listings. This is typically found when inventory is low- and that is the challenge in Feb. Low inventory with an increase in buyers is a recipe for a brisk market. In fact, for the week of February 6-12, almost 50% of listings sold over asking price.
https://bethandryan.ca/what-is-the-difference-between-holding-offers-and-an-irrevocable-period/

3. Student rental market continues to be a hot topic in Guelph real estate estate. High University enrolment and no guarantee of housing from the University has students and parents scrambling. Many parents are using existing home equity to purchase a property for their child- which guarantees them a place to live at equal/ lesser cost than rent.

If you're considering a student rental property- we've helped many parents and can help you, too! more on this topic here: https://bethandryan.ca/student-rental-properties-where-to-start/

As always, more at our website! We're Guelph real estate agents @ https://bethandryan.ca

This month for Guelph Today, Guelph real estate agents Beth and Ryan Waller's real estate team discuss some key data points in the Guelph real estate market. <br /><br />Today we include our resident buyer expert, Guelph Realtor Jesse Giovinazzo get his thoughts.<br /><br />-What Guelph neighbourhoods have been impacted the most in 2022? <br /><br />- Where is the best value in Guelph neighbourhoods today?<br /><br />- Has the $1 million home left Guelph?<br /><br />If you have any questions on the Guelph real estate market, get in touch with Beth and Ryan's real estate team at https://bethandryan.ca<br /><br />#guelph #realestate #guelphrealestate #guelphontario #mls #homesweethome #data

The average Guelph home value has gone back to levels realized in the summer of 2021. Is that a bad thing? Not really. <br /><br />This month in our video for GuelphToday, we talk about what is going on with the November 2022 Guelph real estate market. There are more listings than this time in 2021- 300% more- but not many new listings. Most have been on the market awhile, with the average days on market now over a month.<br /><br />The full blog can be read here:

Having a proper understanding of what is happening in the Real Estate Market is key to ensuring you make the correct decisions regarding buying and seller your home.<br /><br />These videos will allow buyers and sellers to see how the market is changing week over week. <br />https://bethandryan.ca/2023-guelph-real-estate-predictions/<br /><br />It’s that time of year again, where we review our current year predictions (2022) while providing our Guelph real estate predictions for 2023!<br /><br />Are you a first time home buyer? You’ve likely read the headlines and you’re starting to get a little fearful: inflation is at multi year highs, interest rates are rising. But if you’re buying a house for the first time, this may be your opportunity. <br />https://bethandryan.ca/buying-a-house-first-time-buyers/<br /><br />More and more conditional offers are being accepted in this market. Read all about what a conditional offer is and some common conditions. https://bethandryan.ca/conditional-offer/<br /><br />Less buyers means a change in selling strategy. Holding offers is being replaced with an irrevocable: https://bethandryan.ca/what-is-the-difference-between-holding-offers-and-an-irrevocable-period/<br /><br />Not as many homes selling over asking: In early 2022, over 90% of homes were selling over asking. This has been declining to a current 28%. We're currently moving to a more balanced market with over 206 listings in Guelph: https://bethandryan.ca/guelph-real-estate-market/<br /><br />Questions? Get in touch!<br />https://bethandryan.ca/contact<br /><br />#guelph #realestate #guelphrealestate #realtors #toronto #mississauga #brampton #milton #MLS #irrevocablevsholdingoffers #guelphrealestateagent

The University of Guelph has been in Guelph for a long time. And each year, January has marked the start of a new rental for students. It's getting harder for students to find accommodation and many parents are choosing to buy a home for their students to move into (and as an investment).

Ryan talks about this briefly in this 2 minute video, but the link to the full article on buying Guelph real estate is here:
https://bethandryan.ca/student-rental-properties-where-to-start/

If you're looking for a rental in Guelph and are not a student, here's a link for you as well!
https://bethandryan.ca/rentals-in-guelph/

Have questions about purchasing property for students? Visit us at https://bethandryan.ca/contact

#guelph #guelphrealestate #milton #toronto #brampton #mississauga #investment #investing

Load More... Subscribe

Podcasts

Real estate podcast interviews

Ryan has appeared on a number of real estate podcast in 2022, which are found below. Prior to real estate, Ryan had a corporate career in marketing, sales and advertising.

Although Beth and Ryan focus on the Guelph real estate market, real estate podcasts are interested in stories of progression. The hosts want to know how you developed a real estate business and what business strategies are useful. The goal is to inform their real estate audience.

There are a wide variety of topics discussed in these interviews. Everything from marketing strategies as a new realtor to sustainable business practices long term.

If you have any questions about the content of the podcasts or would like Ryan to be on your podcast, contact us!

Beth and Ryan Waller are Guelph Real Estate Agents, servicing the Guelph area real estate market.

REAL ESTATE MARKET VIDEOS

Beth and Ryan Waller

Real Estate Podcast

This is custom heading element