Issue 160 | Guelph Weekly Sales Summary
June 28, 2019 Sales Summary
The roller coaster in the Guelph real estate market continues.
54 homes were reported sold this past week in Guelph and the surrounding townships. Not a bad week, but still only 81% of the sales the last week of June 2018.
Why the difference?
Good question. In my opinion it’s part of the natural rhythm of the real estate marketplace. Earlier in the month sales outpaced the same period last year by equal or greater amounts. So a week that falls behind is not outside normal and quite frankly can be expected.
Year over year the Guelph real estate market is leading the region in terms of the number of sales. 18% increase over 2018, while Cambridge is up just over 14%, Kitchener just over 5% and Waterloo is down by almost 2%. Very healthy growth in sales numbers and volume for most of the region.
The June numbers will be ready for next Friday’s report and I don’t expect to see the market continue to hold steam and grow. No surprises, which is good.
Over the coming weeks you’ll see us tweaking and adding to the website. Our goal is to refresh some of the pages, add more detail and value for you our subscribers and clients. We plan on launching several new campaigns providing more detailed market updates and insights to what makes up our Guelph market and the regional market. We think you’ll like what we are working on. You can sign up for our first of many exclusive campaigns below.
The Guelph real estate market weekly review looks like the following:
54 homes were reported sold, with 19 of the 54 or 35% selling at or above list price. The median home was 3 beds, 2 baths, 1319 square feet in size and sold for $549,950 or $379.64/sqft. This home took 17 days to sell and sellers were able to negotiate 98.8% of their original list price.
Compared to the same week in 2018, we reported 67 homes selling with 42% of those home selling at or above list price. The median home a year ago was 1423 sqft and sold for $500,000 or 356.89/sqft to 23 days to sell and sellers were getting 98.78% of their list price.
Enjoy the long weekend, raise your favourite beverage to the wonderful country we live in and savour the time with your family.
See you next week.
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