Tag: Year end real estate review

Wellington County real estate update end of March & Q1 2023

April 13, 2023

As we move into mid April, mother nature is treating us well with some beautiful sunny days amidst the spring season. Wellington County real estate is also seeing sunny days, and remains a balanced market this month as both unit sales and new listings are lower than they were this time last year. Average and median sale prices are still…..Check in with Frances Snider Royal LePage Royal City Realty for all the details. … More Wellington County real estate update end of March & Q1 2023

Wellington County real estate update at end of February 2023

March 13, 2023

As we move into March and our spring season, Wellington County real estate continues the year as a balanced market despite the drop in unit sales we have continued to see for the past few months. We are also seeing less inventory than this time last year, which also contributes to the market staying in a balanced state……Check in with Frances Snider Royal LePage Royal City Realty for all the details. … More Wellington County real estate update at end of February 2023

Wellington County real estate update at end of January 2023

February 13, 2023

Wellington County real estate starts 2023 as a balanced market despite the drop in unit sales we have continued to see for the past several months. The YTD average and median sale prices have declined over where they were this time last year, however, first quarter of 2022 showed very high price increases overall prior the initial interest rate increases. We are continuing to see a slight price correction in the market when……Check in with Frances Snider Royal LePage Royal City Realty for all the details. … More Wellington County real estate update at end of January 2023

Wellington County real estate update at end of 2022

January 13, 2023

Wellington County real estate remains in a balanced market despite the rising number of new listings and lower number of unit sales compared to this time last year. The YTD average and median sale prices are still higher than they were this time last year, which means a strong foundation for this market going into the holiday season and into 2023. …..Check in with Frances Snider Royal LePage Royal City Realty for all the details. … More Wellington County real estate update at end of 2022

Wellington County real estate update at December 2022

December 16, 2022

Wellington County real estate remains in a balanced market despite the rising number of new listings and lower number of unit sales compared to this time last year. The YTD average and median sale prices are still higher than they were this time last year, which means a strong foundation for this market going into the holiday season and into 2023. …..Check in with Frances Snider Royal LePage Royal City Realty for all the details. … More Wellington County real estate update at December 2022

Wellington County real estate market Update

November 14, 2022

Wellington County real estate remains in a balanced market due to the consistent rise in inventory over the last few months, and a steady decline in unit sales. The year-to-date average and median sales prices still remain higher than they were this time last year, which shows that this market still has a solid foundation. …..Check in with Frances Snider Royal LePage Royal City Realty for all the details. … More Wellington County real estate market Update

Summer coming to an end with Balanced real estate market

September 12, 2022

It is official, the real estate market has cooled off across the country. Sales activity fell once again over the past month with buyer demand running well below typical levels for this time of year, likely as rising mortgage rates and market uncertainty continue its impact on home buyer confidence……Check in with Frances Snider Royal LePage Royal City Realty for all the details. … More Summer coming to an end with Balanced real estate market

What a difference a few months make in Real Estate!

August 17, 2022

After two years of record-setting activity, it is quite apparent that the real estate market has cooled off in many markets across the country. Sales activity fell to its lowest historic July stats since 2000, as rising mortgage rates and market uncertainty continue its impact on home buyers. Wellington County real estate remains in a balance market due to the consistent rise in inventory over the last few months, and a lower number of overall unit sales. Average and median sale prices still remain higher than last years at this time…..Check in with Frances Snider Royal LePage Royal City Realty for all the details. … More What a difference a few months make in Real Estate!

Second quarter housing results for 2022

July 18, 2022

Nationally, home sales were down for the third month in a row, falling 5.6% month-over-month, and actual monthly activity came in 23.9% below the June record set in 2021. Sales activity continues its downward momentum in the face of rising interest rates and uncertainty in the real estate market. Due to the rising interest rates, the cost of borrowing has overtaken supply as the dominant factor affecting housing markets at the moment, but the supply issue has not gone away….Check in with Frances Snider Royal LePage Royal City Realty for all the details.
… More Second quarter housing results for 2022

Is the real estate market cooling off in the Guelph area?

June 13, 2022

After two years of record-setting activity, there are signs the Canada real estate market might be cooling. Nationally, home sales were down for the second month in a row, falling 12.6% month-over-month, the largest monthly decline since summer 2020….Check in with Frances Snider Royal LePage Royal City Realty for all the details.
… More Is the real estate market cooling off in the Guelph area?