October Market Report is in!
As we all know prices are rising! And it is now official Single Family Homes have now cracked the million mark in Guelph, the average price of a single-detached home in Guelph is now $1,012,302 which is up 35.6% Y.O.Y.
We saw prices still holding strong in October with a sale to list price ratio achieving 109.4%. That being said we are feeling things slowing down with fewer competing offer situations as we head into the Holiday season- which is typical for this time of year. As always January things will start to pick up as we will see more investment properties hit the market as well.
Recently published on Guelph Today Article we did an article on the best time to sell your student rental property, to help prep investors and get them thinking about maximizing their current investments. If you are considering selling your investment property in the next 6-8 months, feel free to reach out and I would be happy to help put together a game plan to maximize your return.