End of June 2024 & Q2 review of Wellington County Real Estate Welcome to the Wellington County mid-year real estate market update for the end of June 2024 and the conclusion of the second quarter. This month, we’ve observed several significant trends that reflect the dynamic nature of our local housing market. Here’s a detailed look at what’s happening: 1. Sales Volume Takes a Hit June 2024 saw a noticeable decrease in sales volume, dropping by 16.4% to $239,639,097 compared to June 2023. This decline highlights a cooling market where fewer transactions are taking place compared to last ye ..read more

Feature Friday Listing of the Week! Welcome home to 19-105 Bard Blvd, Guelph! Welcome to The Boulevard at Victoria Gardens, where modern living meets serene landscapes in South Guelph. This week, we are thrilled to showcase a stunning end-unit townhome that offers the perfect blend of contemporary design and comfortable living. 19-105 Bard Blvd, GuelphHome Details This 3-bedroom, 3-bathroom residence spans over 1,645 sq ft of thoughtfully designed living space. From the moment you step inside, you’ll be captivated by the bright and spacious open-concept living area, where natural light floods ..read more

End of May 2024 review of Wellington County Real Estate The Wellington County real estate market remains a balanced market in May despite the median sale price, average sale price, and unit sales being lower in comparison to this time last year.  With a significant increase in new listings, there was also a higher number of expired listings.  Year to date numbers show a slight decrease in sales volume with end May at $1.008B in sales, down 3.5% compared to the $1.044 billion in sales for the region at the same time last year.  Unit sales were also down 3% with 1227 units sold to ..read more

Understanding What NOT TO DO after an accepted offer Congratulations! You’ve received a firm offer on the home that you want. This is an exciting milestone in the home-buying process, but it’s also a critical time to be vigilant. The period between accepting an offer and closing the sale can be fraught with potential pitfalls that might jeopardize your financing. To help ensure a smooth path to closing, here are seven (7) key things to avoid once you’ve received that firm offer. 1. Don’t Make Large Purchases One of the biggest mistakes you can make after accepting an offer is making large purc ..read more

End of April 2024 review of Wellington County Real Estate The Wellington County real estate market remains a balanced market in April despite unit sales being lower in comparison to this time last year.  New listings surged and the unit sales/listings ratio dropped, indicating that buyers have more choices. Year to date numbers show a slight decrease in sales volume at end of April with $747M million in sales, down 2% compared to the $762 million in sales for the region at the same time last year.  Unit sales were also down with 916 units sold to date this year compared to the 947 un ..read more

Feature Friday Listing of the Week! Welcome home to 84 William Street, Guelph! Welcome to 84 William Street! Nestled in the heart of St. Georges Park community in Guelph, this enchanting bungalow offers a perfect blend of comfort, convenience, and character and where your carefree living future awaits you! 84 William St, Guelph As you approach, you’ll be impressed by this solid brick bungalow surrounded by mature trees and lush perennial gardens in the front and rear yards.   Upon entry, you’ll be captivated by the warm ambiance and cozy atmosphere that define this home. The main living ..read more

Understanding Market conditions In the world of real estate, the dynamics of supply and demand play a pivotal role in determining market conditions. Whether you’re a buyer, seller, or investor, understanding the distinctions between a buyer’s market, a seller’s market, and a balanced market is crucial for making informed decisions.  There are several statistics and factors that experts use in determining what state the current market is in, however, let’s explore the key differences between each. Buyer’s Market: In a buyer’s market, the scales tip in favour of buyers due to an abundance o ..read more

Navigating Wellington County’s Real Estate Landscape: Reviewing February 2024 Similar to the milder weather we experienced in February, Wellington County real estate market continued to warm up and remains a balanced market in February, as both unit sales and new listings see similar growth compared to last year.  Year to date numbers so far, show a slight increase in sales volume with end of February at $295 million in sales, up 8% compared to the $273 million in sales for the region at the same time last year.  Unit sales were relatively at par with 366 units sold to date this year ..read more

Navigating Wellington County’s Real Estate Landscape: A warm start for your 2024 Real estate journey Wellington County real estate starts 2024 just as it ended 2023 – in a balanced market. The year-to-date figures for average sales prices are up compared to the previous year, and activity picked up as the year got under way in January.   Looking at the month of January, we saw some impactful changes over the same month in 2023.  January Sales volume was $116 million in sales by the end of the month, up almost 7% compared to January 2023 sales of $109 million for the region.  ..read more

Mastering Home Buyer Viewings When it comes to purchasing a home, the process can be both exciting and overwhelming. Once you have navigated your financing for a new home, one crucial aspect that plays a significant role in making the right decision is the home viewing. This step allows potential buyers to get a firsthand look at the property and assess whether it meets their needs and preferences. To ensure a successful and informative home viewing experience, consider the following tips.  1. Prepare a Checklist: From your purchasing parameters that you previously outlined, you should ha ..read more