April / May 2016 Market update – All time record sales and prices

May 4, 2016

May 3, 2016

Guelph Real Estate Market Report

Based on statistics pulled from the Guelph Real Estate Board, there were 853 sales in Guelph between January 1st to the end of April, an increase of 17% from the same 4 months last year. The 3 month moving average price has reached an all time high of $401, 274 an increase of 10.8% from a year earlier.

It is very much a Sellers market with 226 current listings, 36 of which are conditional – leaving 190 active listings. In April there were 286 sales, so that is roughly a 3 week supply. 44.75% of the sales in April were at or over the asking price with thew average sale price coming in at 100.005% of the asking price (there is a very large range from 81.3% at the bottom to 131.43% at the top).

As always, if you have any questions about real estate, please don’t hesitate to call me. I look forward to hearing from you!