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Willow West | Sugarbush | West Acres | Parkwood Gardens

WEST GUELPH
MARKET 
UPDATE

MAY 2022

The weather is finally starting to heat up and so is the competition among buyers looking for the right home. Sales across the city are increasing at a higher rate than the number of houses coming to market, creating a more competitive market. In our West End neighbourhood, we are seeing something slightly different with a slight increase in inventory - however, the good news is that there are many motivated buyers in our City, just looking for a great place to land.  

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APRIL 2022

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MARKET SNAPSHOT

  • Sale prices have increased for the 3rd month in a row to the highest point in the past 12 months

  • While inventory has slipped over the past month across the City of Guelph, in our neighbourhood, the # of homes for sale has INCREASED slightly

  • Days on Markest has remained fairly consistent around 1.5 weeks

  • While we are seeing more homes come to market, it is still not at the level we would typically expect for this time of year

  • Across the city buyer competition has been heating up and with ~1 month until the next rate announcement, it may continue until we get more inventory

Based on sales data from Ontario Regional Technology and Information Services MLS® for all property types in West Willow/Sugarbush/Westacres area of Guelph. Data not independently verified. For information purposes only. Compiled May 11, 2023. Not intended to solicit those already under contract with a realtor.

If you'd like to chat further about what this means for your family

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