JUNE STATS

Taking a look at the past 18 months, you can see how interconnected home values and buyer demand are.  With an already low-inventory market, the Spring and Summer of 2020 brought an unexpected influx of buyer demand to our local area – and with it, double-digit price increases.  In the fourth quarter of 2020, the number of homes sold had surpassed the number of new listings, clearing out an already depleted home inventory.  The following month, we saw a significant jump in median sale price, from $620,000 in Q4 2020 to $703,000 in Q1 2021 – that’s a 13.4% price increase in the span of 3 months.  Following this massive price increase, we’ve seen a steady stream of new listings to the market.  While we don’t expect prices to be dropping anytime soon, that rate at which they are increasing appears to be levelling out. 

(All residential properties in the City of Guelph from January 1st, 2020 to June 30th, 2021)

In the graphics below, you will notice that the median sale prices in Guelph, Kitchener, Waterloo & Cambridge have all decreased from May to June.  This is not atypical, as the Spring Market winds down, but also notice that all four cities have median sale prices for June below the year-to-date median. Not exactly the price break that buyers may be hoping for, but this hint of stability in our market is certainly good news for all.

(All residential properties in the Cities of Guelph, Kitchener, Waterloo & Cambridge from January 1st, 2021 to June 30th, 2021)

The seller strategy of holding offers has become increasingly common in our highly competitive market, and with it, we’re seeing many of the winning bids land above the asking price.  In the first quarter of 2020, the sale price to list price ratio was 100%, and actually dipped to 99% in April and May of 2020.  As buyer demand continued to outpace available listings, we began 2021 with a sale price to list price ratio of 110%!  While both list prices and sale prices continue to climb as we move through 2021, we are seeing the gap between those figures begin to narrow.  In June of 2021, the sale price to list price ratio was 103%, the lowest we have seen so far this year.

(All residential properties in the City of Guelph from January 1st, 2021 to June 30th, 2021)

Find our full JUNE 2021 MARKET REPORT below:

This monthly report includes:

• Year-to-date and quarterly stats for Guelph, Kitchener, Waterloo & Cambridge

• Sales stats for all Guelph home types

• Price breakdowns for all 18 Guelph neighbourhoods

• Township comparisons: Puslinch, Guelph/Eramosa, and Centre Wellington

• Freehold & condo breakdowns for Guelph, Kitchener, Waterloo & Cambridge

View the new sales reports at soldinguelph.ca

We’ve upgraded our sales reports! View the same weekly sales data you’re used to, with the addition of photos, maps & property details – imagine realtor.ca, but for sold properties! To access these new reports, you’ll just need to set up a login – it takes less than 2 minutes, and you can access the reports any day of the week!

HOW TO CREATE YOUR ACCOUNT

1. Sign up using the email address you have subscribed to our blog with

2. You will receive an email – click the longer link in that email

3. On the page that opens, click “Log In” and create a password, confirm your password, and click “Submit”

HOW TO ACCESS THE REPORTS

Once you are logged in, click the “Menu” button in the top right corner. All of the reports you’re used to are available here, but instead of PDF reports, you’ll notice they look much like Realtor.ca property listings. Feel free to explore the new features of the site, and let us know your feedback.

VIDEO WALKTHROUGH

Watch the video below for a detailed walkthrough of creating your account and accessing the reports.

This video will provide an introduction to the website, walk you through creating your account, and show you how to access the sales reports.

THE PAST WEEK IN THE GUELPH REAL ESTATE MARKET

A quiet week in our local market, which is expected as the Spring Market winds down and summer vacation begins. This past week, 34 homes sold in the city of Guelph – and interestingly, for the first time this year, the sale to list price ratio sits just above 100%! As you’ll read in our June 2021 Market Report, the gap between list prices and sale prices is beginning to narrow again. This week, just 17 of the 34 homes sold at or above list price – that’s 50%! We haven’t seen numbers like that since this time last year. Take a look at the full key week comparison below:

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