March 2019 Real Estate Market Update for Wellington County Q1 Review

The Wellington County real estate market remains heathy as we enter the 2019 Spring market.   Unemployment levels remain low in the area, and real estate unit sales and inventory of homes continue to increase.  The year-over-year sales volume is up by 10.09% and unit sales are up by 5.02%, over the same period in 2018.

The median sales price is up 2.04% from March 2018.  It rose from $467,500 in 2018 to  $500,000 at end of March 2019 in Wellington County.

During this period, homes continued to stay on the market approximately 6 days longer over 2018 sales, with average Days on market at 37 days at end of March 2019 versus 31 days at March 2018.  Regardless, the year-to-date average sales price still increased by  5.48% resulting in an average sales price of $557,953 at end of March 2019.

Overall, we continue to see real estate sales prices rising across Wellington County.  The average year to date sales prices in Wellington county are listed below for each type freehold vs. condominium:

Freehold Homes: $605,621 (Average sales price at March 2019)

Condominium homes: $397,108 (Average sales price at March 2019)

Vacant land sales: $429,200 (Average sales price at March 2019)

This continues to show that Wellington County’s real estate market is holding steady as we move into our 2019 Spring real estate market.

If you’re considering selling your home or would just like to know the value of your home in today’s market, contact me via email, or call me at 519-824-9050 ext. 235.

Alternatively, you can connect with me here for more information or to view detailed market reports for each of the areas in Wellington County:   http://www.francessnider.com/guelph-market-update/guelph-market-update-2019

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