Real Estate Market Update for Wellington County July 2019

The Wellington County real estate market continues to remain healthy as we move through the third quarter of the year with real estate unit sales continuing to increase in the area.  The year-over-year sales volume is up by 16.6% and unit sales are up by 11.15%, over the same YTD period in 2018.  Click here for video Market review

The year-over-year median sales price is up 5.32%.  It rose from $470,000 in 2018 to  $495,000 at end of July 2019 in Wellington County.  And the trend of year-to-date average sales price continued to increase by 5.2% resulting in an average sales price of $563,710 at end of July 2019.

During this period, homes continued to stay on the market slightly longer than 2018 sales, with YTD average days on market at 32 days at end of July 2019 versus 31.2 days at July 2018.  This is still a seller’s market by the numbers, however, one thing to keep in mind is that expired listings is up 20% for the month of July 2019 (up to 72 listings in July 2019 vs. 60 in July 2018) and to keep in mind that this may skew the numbers slightly as these listings get re-listed back into the market in a different period.

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

Freehold Homes: $606,817 (Average sales price at July 2019)

Condominium homes: $395,392 (Average sales price at July 2019)

Vacant land sales: $481,996 (Average sales price at July 2019)

This continues to show that Wellington County’s real estate market is holding steady as we move through the 2019 summer real estate market.

If you’re considering a move, or purchasing a home in the Guelph area, call me at 519-824-9050 ext. 235 or contact me here:

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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