• About
  • Advertise
  • Privacy & Policy
  • Contact
Tech News, Magazine & Review WordPress Theme 2017
  • Home
  • Gaming

    To regain advertiser trust, Facebook is tracking ads by the millisecond

    National Academy of Sciences endorses embryonic engineering

    Google has been asked to take down over a million websites

    Watch Dogs 2 Update Coming This Week, Here’s What It Does

    The Analogue Nt Mini is the perfect NES console for video game lovers

    GoPro’s Karma drone is back on sale after design flaw made them fall out of the sky

  • Gear
    • All
    • Audio
    • Camera
    • Laptop
    • Smartphone

    Apple Watch Series 2 Is Swimproof and Comes With Built-In GPS

    National Academy of Sciences endorses embryonic engineering

    Jack Dorsey says he’ll continue running both Square and Twitter

    Fujifilm X-T2 review: The definition of a great camera

    The Warby Parker of hair color, Madison Reed, scores new funding and a CMO

    Shopify CEO attempts to defend continued hosting of Breitbart’s online store

    Trending Tags

    • Best iPhone 7 deals
    • Apple Watch 2
    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • iOS 10
    • iPhone 7
    • Sillicon Valley
  • Computers

    To regain advertiser trust, Facebook is tracking ads by the millisecond

    Google has been asked to take down over a million websites

    Watch Dogs 2 Update Coming This Week, Here’s What It Does

    Fujifilm X-T2 review: The definition of a great camera

    Shopify CEO attempts to defend continued hosting of Breitbart’s online store

    SpaceX targets February 18 for Dragon resupply mission to ISS

  • Applications

    Apple Watch Series 2 Is Swimproof and Comes With Built-In GPS

    To regain advertiser trust, Facebook is tracking ads by the millisecond

    National Academy of Sciences endorses embryonic engineering

    Google has been asked to take down over a million websites

    Watch Dogs 2 Update Coming This Week, Here’s What It Does

    Jack Dorsey says he’ll continue running both Square and Twitter

  • Security

    To regain advertiser trust, Facebook is tracking ads by the millisecond

    National Academy of Sciences endorses embryonic engineering

    Google has been asked to take down over a million websites

    Watch Dogs 2 Update Coming This Week, Here’s What It Does

    The Warby Parker of hair color, Madison Reed, scores new funding and a CMO

    Shopify CEO attempts to defend continued hosting of Breitbart’s online store

No Result
View All Result
  • Home
  • Gaming

    To regain advertiser trust, Facebook is tracking ads by the millisecond

    National Academy of Sciences endorses embryonic engineering

    Google has been asked to take down over a million websites

    Watch Dogs 2 Update Coming This Week, Here’s What It Does

    The Analogue Nt Mini is the perfect NES console for video game lovers

    GoPro’s Karma drone is back on sale after design flaw made them fall out of the sky

  • Gear
    • All
    • Audio
    • Camera
    • Laptop
    • Smartphone

    Apple Watch Series 2 Is Swimproof and Comes With Built-In GPS

    National Academy of Sciences endorses embryonic engineering

    Jack Dorsey says he’ll continue running both Square and Twitter

    Fujifilm X-T2 review: The definition of a great camera

    The Warby Parker of hair color, Madison Reed, scores new funding and a CMO

    Shopify CEO attempts to defend continued hosting of Breitbart’s online store

    Trending Tags

    • Best iPhone 7 deals
    • Apple Watch 2
    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • iOS 10
    • iPhone 7
    • Sillicon Valley
  • Computers

    To regain advertiser trust, Facebook is tracking ads by the millisecond

    Google has been asked to take down over a million websites

    Watch Dogs 2 Update Coming This Week, Here’s What It Does

    Fujifilm X-T2 review: The definition of a great camera

    Shopify CEO attempts to defend continued hosting of Breitbart’s online store

    SpaceX targets February 18 for Dragon resupply mission to ISS

  • Applications

    Apple Watch Series 2 Is Swimproof and Comes With Built-In GPS

    To regain advertiser trust, Facebook is tracking ads by the millisecond

    National Academy of Sciences endorses embryonic engineering

    Google has been asked to take down over a million websites

    Watch Dogs 2 Update Coming This Week, Here’s What It Does

    Jack Dorsey says he’ll continue running both Square and Twitter

  • Security

    To regain advertiser trust, Facebook is tracking ads by the millisecond

    National Academy of Sciences endorses embryonic engineering

    Google has been asked to take down over a million websites

    Watch Dogs 2 Update Coming This Week, Here’s What It Does

    The Warby Parker of hair color, Madison Reed, scores new funding and a CMO

    Shopify CEO attempts to defend continued hosting of Breitbart’s online store

No Result
View All Result
Desknery News
No Result
View All Result

Guelph housing market slows slightly, say Beth and Ryan Waller Guelph Realtors

by
March 28, 2021
Home Press Release EINPRESSWIRE
Share on FacebookShare on Twitter
0 0
Read Time:3 Minute, 33 Second

It may be the time that buyers have been waiting for, to get a discount on Guelph real estate.

GUELPH, ON, CANADA, March 27, 2021 /EINPresswire.com/ — Buyers may finally have at chance at lower prices for real estate in Guelph, say Beth and Ryan Waller

As we move into the spring market, we are starting to see signs that perhaps the craziness of the past few months is running its course.

Despite lower inventories, there were actually greater sales in January and February. How? As sellers put their homes on the market, buyers snapped them up and inventories were held at the same level for extended periods.

Buyers were left to scramble to compete on these quick selling homes. Competing with other buyers for the few options available, it wasn’t unusual to see 15-20 offers on homes. In many cases, homes were selling at 20% or more over the original asking price.

On average in January, homes sold at 12% over the asking price. In February, it was 11%. But so far in March, that average number has decreased to 7% over asking. And it’s possible it could fall to 5% by the end of April.

How is that possible?

In a blog article published by Beth and Ryan Waller in early February, they provided three major catalysts for a short term dip in prices which buyers could use to their advantage. The timeline they provided was roughly 8 weeks, or by early April 2021.

Sellers who are flexible on their timing jumped on the record high sale prices, listing at new neighbourhood highs. But selling price is only one element. Other comparable properties listed at the time, features and upgrades and marketing all play a role. In some cases, these higher priced homes aren’t selling on the offer date as buyers have more options.

The Stay at Home order kept sellers of real estate in Guelph off the market. Unless necessary, anyone with kids waiting to list their home was going to do so after their children went back to school. This would have contributed to lesser inventory in January and February, increasing the volumes in March.

The spring market (with the exception of last March and April, of course) is always the hottest time of the year for real estate listings. Sellers come out of their winter slumber and want to move before summer starts to take advantage of a house with a pool, or bigger yard.

Higher priced real estate in Guelph is competitive

In 2021, buyers of real estate in Guelph are equally aggressive on condos and freehold homes. But the data shows that the higher the sale price the more competitive it became.

If you’re a buyer in the market of $1 million or more, prices are likely to go further over asking as a percentage (11% over asking). If you’re shopping in the $500,000 or less bracket, that number is only 7%.

The 1970’s and 80’s backsplits and sidesplits are the most competitive style this year. Averaging 20% or more above asking price, they don’t come up often. It seems this layout has proven popular with young families, downsizers and first time buyers.

What’s ahead for real estate in Guelph

It’s not anticipated that there is going to be a large correction. However, buyers could get a break of about 3-5% on the average price of a home in Guelph. This is off from the highs of January/ February.

The Government has also started to indicate that they will step in to cool an overheated market. However, as housing plays a significant role in the Canadian economy, it’s unlikely anything dramatic will announced. If anything, it could be tighter qualification rules for mortgages.

Mortgage rates continue to be low, although fixed rates have begun to rise. Variable rates have held stable or in some cases, declined.

Beth and Ryan Waller are Sales Representatives with Home Group Realty. You can reach them at 226 780 0202 or visit them at https://bethandryan.ca

Source: GDAR data Jan 1- Mar 21, 2021, single family residential homes.

Ryan Waller
Home Group Realty
+ 15195463390
email us here
Visit us on social media:
Facebook
Twitter

Share

Facebook
Twitter
Pinterest
LinkedIn

About Post Author

Happy
Happy
0 0 %
Sad
Sad
0 0 %
Excited
Excited
0 0 %
Sleepy
Sleepy
0 0 %
Angry
Angry
0 0 %
Surprise
Surprise
0 0 %

Next Post

JoinWith.Me wins “Best Sci-Fi Feature Screenplay” at the Miami International Science Fiction Film Festival (MiSciFi)

Average Rating

5 Star
0%
4 Star
0%
3 Star
0%
2 Star
0%
1 Star
0%
(Add your review)

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended.

The 2021 IoT Global Awards are Open for Entries

April 6, 2021

Increased Spending On Entertainment Products Leads Growth In The Loudspeakers And Sound Bars Market

March 25, 2021

Trending.

ARTSICLE Announces Their Newest Collection – A Chip Off The ‘Ol Block

March 28, 2021

Kenny Alan Herald Discusses Ways Conservation Carpentry Can Help Jump-Start the Economy Post Pandemic

April 5, 2021

Marketbull.co.uk – reviews of the best London broker

March 29, 2021
Desknery News

© 2022 Desknery - All rights reserved.

Quick Links

  • About
  • Advertise
  • Privacy & Policy
  • Contact

Follow Us

No Result
View All Result
  • Home
  • Gaming
  • Gear
  • Computers
  • Applications
  • Security

© 2022 Desknery - All rights reserved.