February 2, 2017 | Guelph Real Estate Market

January Market Update For Guelph

Hope you are doing well. Below you will find a market update report which will provide you with information on the local real estate market and recent sales activity in your specific area. Let us know if you have any questions or if you are ready to move forward with the next step!

January Market Update For Guelph

The Guelph real estate market is crazier than ever. There are currently 97 active listings on the market in Guelph which is extremely low. This time last year we had over 260 active listings and that was still a strong seller’s market.

The new mortgage rules put into place in late 2016 have further reduced the affordability in the GTA which has led to an increased amount of buyers relocating to Guelph. This increased demand and low inventory have resulted in many multiple offer situations.  We are seeing houses sell for record prices extremely quick!

The average list to sale price ratio has risen to 104.6% and days on market has dropped to 18 days. The government policies and cold weather don’t seem to be putting a dent in the hot market.

CMHC has issued a warning that pricing increases are outpacing inflation, salary increases, and migration. This means they are speculators/investors hiking up demand and prices while keeping inventory low. This bubble will eventually burst but it doesn’t appear to be in the short term.

Neighborhood Statistics

Below you will find a market update report which will provide you with information on the Guelph Market Update For November and recent sales activity in your specific area. Don’t hesitate to contact us if you have any questions or if you are ready to move forward with the next step!

Central

Downtown, Exhibition Park, General Hospital, St. George, St. Patrick’s Ward, Dovercliff Park/Old University

Guelph Market Update For November

 

Click here for Active/Solds In This Area

West

Onward Willow, Willow West/Sugarbush

Click here for Active/Solds In This Area

North

Riverside Park, Victoria, Victoria North

Click here for Active/Solds In This Area

East

Grange Road, St.Gregory’s/Tait, St.Andrew/Southwood,York/Watson Industrial

virtual-tour-183831-01

Click here for Active/Solds In This Area

Kortright

Kortright East & West, Westview, Kortright Hills

virtual-tour-223125-01

Click here for Active/Solds In This Area

South

Clairfields/Hanlon Bussiness Park, Pineridge/Westminster

Click here for Active/Solds In This Area

Village By The Arboretum

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Click here for Active/Sold In This Area

Rural

Guelph Eramosa, Eden Mills, Rural Puslinch, Aberfoyle, Morriston, Rural Centre Wellington

virtual-tour-220078-36

Click here for Active/Sold In This Area

 

If you have any questions about the Guelph Market Update for January feel free to contact The GoWylde Team.

If you would like a free online home evaluation click here

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