Andra Arnold & Associates are a Top Rated, Award-Winning Guelph real estate team that has a passion for helping people. We truly live by our motto “Here to Help”. Our team brings quality expertise to our clients’ buying and selling experiences. The team's dedication, eagerness to help, and experience allow clients navigate one of life’s biggest decisions!
August 2022 Guelph Market Update
Andra Arnold • Sep 01, 2022
August 2022
Guelph Real Estate Market Report
Balanced Market
The City of Guelph real estate market remains balanced. This is caused by a significant increase in new listings this month and a drop in unit sales compared to this time last year. However, there is still consistent growth in median and average sale prices despite this, which shows sign of a strong market for both buyers and sellers.
AUGUST NUMBERS
Median Sale Price $730,000 -1.35%
Sales Volume $86,328,826 -37.05%
Unit Sales 143 -18.29%
New Listings 257 +26.6
Expired Listings 45 +350%
Unit Sales/Listings Ratio 55.64% -30.56%
Year-over-year comparison (August 2022 vs. August 2021)
August year-over-year sales volume of $86,328,826
Down 37.05% from 2021’s $137,132,854 with unit sales of 143 down 18.29% from last August’s 175. New listings of 257 are up 26.6% from a year ago, with the sales/listing ratio of 55.64% down 30.56%.
Year-to-date sales volume of $1,394,164,521
Down 10.9% from 2021’s $1,564,719,651 with unit sales of 1,663 down 18.32% from 2021’s 2,036. New listings of 2,951 are up 17.34% from a year ago, with the sales/listing ratio of 56.35% down 24.6%.
Year-to-date average sale price of $841,935
Up from $764,516 one year ago with median sale price of $881,500 up from $705,950 one year ago. Average days-on-market of 16.38 is up 4.5 days from last year.
Contact Us
Meet the Andra Arnold Team
Check Out Our Featured Listings
More blog posts on buying and selling real estate
March 2024 Guelph Real Estate Market Report
Explore the pros and cons of living in Guelph vs. Kitchener-Waterloo through a local realtor's eyes. Discover community, affordability, and lifestyle insights.
Learn the essentials of real estate cap rates for smart investing decisions. Discover how to calculate, examples, & their significance in 2024. #RealEstateInvesting
Escape the city & embrace nature! Before buying rural property in Ontario, read this guide! Zoning, utilities, finances - all the considerations you need to know.
Andra Arnold & Associate's is proud to be the presenting sponsor at Hospice Wellington's Retro Royale! Join us to support and raise funds for Hospice Wellington's end-of-life supportive programs and services, including a special focus on our event Fund-A-Need, this year focusing on Caring for the Caregiver.
Find your perfect Guelph neighbourhood: a guide to family-friendly, affordable living in Guelph's best communities.
