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!
October 2023 Guelph Housing Market Update
Andra Arnold • Nov 06, 2023
October 2023
Guelph Real Estate Market Report
Balanced Market
The City of Guelph real estate market swings backwards into a balanced market due to a drop in unit sales and sales volume, paired with an increase of inventory. Average and median sales prices remain higher than they were in October of 2022, showing the continued fortitude of this market.
October NUMBERS
Median Sale Price $765,000
+4.61%
Average Sale Price $782,683
+4.92%
Sales Volume $83,619,348
-26.26%
Unit Sales 108
-28.95%
New Listings 263
+35.57%
Expired Listings 24
+14.29
Unit Sales/Listings Ratio 41.06%
-37.29%
Year-over-year comparison
(October 2023 vs. October 2022)
October year-over-year sales volume of $83,619,348
Down 26.26% from 2022’s $113,393,310 with unit sales of 108 down 28.95% from last October’s 152. New listings of 263 are up 35.57% from a year ago, with the sales/listing ratio of 41.06% down 37.29%.
Year-to-date sales volume of $1,186,882,917
Down 23.86% from 2022’s $1,558,759,441 with unit sales of 1,465 down 16.57% from 2022’s 1,756. New listings of 2,449 are down 18.85% from a year ago, with the sales/listing ratio of 59.82% up 1.64%.
Year-to-date average sale price of $802,212
Down from $868,397 one year ago with median sale price of $768,750 down from $822,450 one year ago. Average days-on-market of 19.4 is up 2.9 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.
