Here is a quick snap shot of how the Guelph market is sitting as of the end of August 2019. Although it felt as August was a slow month for real estate this year we did see a 12% increase from last year in the homes sold for the month. A number I always like to see is the price of homes across the city is up 7% from this time last year- proving our strong market in Guelph.
Some interesting stats to pull out of the report this month: -28% more homes sold in the South End alone -39% more homes sold in the East End -Average sale price in the West End was up 24% -Average sale price in Puslinch up 45%! -24% decrease in the units sold in the Downtown Area - Could be contributed to the reno bug?
Typically in September/October we see a shift in the market with more units for sale and also more units purchased. This is simply is contributed to people done summer vacation and ready to get the home sold before Christmas.