Here are the latest topics in Guelph real estate from Beth and Ryan Waller, with special guest Jesse Giovinazzo.
Lower than expected listings in February caused buyer competition and multiple offers scenarios in Guelph last month. This led to almost one-third of houses selling over the original asking price.
However, it wasn't across all price points.
Almost all of this activity happened in the $600-$800K price range. To be competitive, buyers chose to remove conditions once again.
"The market has certainly settled down vs spring 2022, but until the number of available homes meet the buyer demand, it's still competitive out here" says Guelph Realtor, Jesse Giovinazzo.
First time buyers appear to be getting back into the market after the Central Bank paused rates in early March for the first time in over a year. There is still heavy demand for student housing in Guelph, with parents competing with other parents to buy a place for their children.
For more information on the Guelph real estate market, reach out to Beth and Ryan Waller's team, Guelph real estate agents with Keller Williams Home Group Realty.