Issue 166 | Guelph Weekly Sales Summary
August 9th, 2019 Sales Summary
The week that was.
This past week was better than last year and almost caught up to 2017. We are at the height of vacation time so to report 40 homes sold last week is actually news worth celebrating. We are running just over 17% ahead of the 34 homes that sold in the same time last year. The median sales price this week, $542,500 is up 10.8% over the same week last year and was selling in 53% less time, 17 days versus 32 in 2018. Sellers this past week were able to negotiate 98.15% of their original list price, again better than last year when sellers were getting 97.42% of their list price. That means sellers were able to negotiate $4,000 more for their homes than the same week last year. You can’t complain about those kind of numbers!
The median home that sold last week:
3 beds, 2 baths, 1397 sqft detached home.
Sold for $542,500 or $400.54/sqft
Days on Market: 17
Sales Price/List Price Ratio: 98.15%
It’s festival season in our neck of the woods. This weekend it’s everything Scottish! The Fergus Scottish Festival is on this weekend and you’ll find the Home Group Realty Team camped out and showing our flag. I’m looking forward to the Tattoo this evening. If you want to immerse yourself in the music and traditions of Scotland this is an event not to be missed. Fergus is on the world map when it comes to events like the Scottish Festival… yes it’s that good!
In a couple of weeks it will be time for the 22nd annual Guelph Ribfest.
This weekend long event starting noon Friday August 23rd is held at Guelph’s Riverside Park. The Rotary Club of Guelph-Trillium has been organizing this event over the past 22 years and is one of the most popular Ribfest events in southern Ontario. Over 30,000 people will visit the park to enjoy fabulous local live bands, a midway, classic car show and of course some damn fine ribs!
Whatever you get up to this weekend, enjoy the summer weather and fun.
See you next week.
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