Guelph Market update as of December 2019

December 5, 2019

December 4th, 2019

Snow is on the ground, the sun is shining and it looks like a wonderful winter day in December from my window! Here is a short Guelph Real estate Market Up-date…

There were 164 sales in November, in a range from $206,000 for a 615 square foot basement level condo at 105 Bagot Street to $1,250,000 for a new 2,242 square foot townhouse Condo at the Metalworks, overlooking the Speed River. 

The 3 month moving average moved up to $546,363 – a new record high, up 7.63% from November last year. In addition, the average sale price in November was 99.23% of the average asking price and 30.48% of the sales were at or over asking, both of these are a little lower than October but still show how strong the market is.

There are currently 202 active listings in Guelph. Based on November sales, that’s a little over a months supply of homes. Typically  December & January are the 2 slowest months of the year but with the lack of inventory – it’s actually a great time to be selling.

Don’t hesitate to call me if you have any real estate questions, I always appreciate your calls and look forward to hearing from you!