It’s no secret that the real estate market in Guelph is competitive. As the population of the city continues to soar, home buyers are competing for limited space, and homeowners are in an enviable position when it comes to selling their homes. Depending on the home, expectations for what a buyer is willing to pay can vary significantly. If you’re looking to sell your home in Guelph in 2023, here are some things to keep in mind when it comes to setting reasonable expectations.
Real Estate Market Price Trends in Guelph
Guelph’s real estate market has been on a steady uptick since 2019, with 2021 numbers promising a continuation of that trend. Despite a brief dip in home sales due to the COVID-19 pandemic, the market is continuing to remain strong in 2021. Prices have increased slightly since the beginning of the year, with the average sale price in April 2021 reaching a new high of $699,000, with the average price for detached homes reaching a new high of $875,000.
Factors That Affect Home Sale Prices
When setting expectations on the sale of your home, it’s important to understand the various factors that can affect the final sale price. The most important factor is location. Homes situated in popular or desirable neighbourhoods will generally fetch a higher sale price than homes in less desirable neighbourhoods.
Other factors that can affect the sale price of a home are the condition of the home, the lot size and features, the number of bedrooms and bathrooms, and general curb appeal. Buyers will be willing to pay more for a home that is well-maintained, larger and has more features.
The Benefits of Living in Guelph
Guelph has earned its reputation as one of Canada’s most desirable cities, thanks to its thriving economy, excellent quality of life and robust job market. The city is a hub for innovation and entrepreneurship, with more than 5,000 businesses calling it home. Residents are able to take advantage of a variety of services and amenities, including excellent healthcare, education and leisure facilities.
Guelph also offers a range of outdoor activities to enjoy, from hiking in lush forests to biking along the city’s renowned Natural Ring Trail. With access to Lake Erie, the Grand River and various conservation areas, there is an abundance of activities for all types of outdoor enthusiasts.
Finding the Right Buyer for Your Home
The key to getting the best possible sale price for your home is to attract the right kind of buyer for your home. It’s important to note that in the current market, it may take longer to find the right buyer compared to previous years. To ensure that your listing gets the attention it deserves, it’s important to enlist the services of an experienced real estate agent who understands the market and knows how to attract the right kind of buyer.
Tony Sousa and The SousaSells.ca Team are experienced real estate agents who serve the Guelph area. With an extensive knowledge of the local market and a long track record of successful home sales, you can rest assured that you’re getting the best possible representation when you enlist their help in selling your home.
Conclusion
The real estate market in Guelph is constantly changing, and the best way to ensure that you get the best possible price for your home is to set realistic expectations. By understanding the factors that affect home sale prices and knowing the benefits of living in Guelph, you can be well-equipped to target the right kind of buyer for your home. It’s also important to work with an experienced real estate agent who can help you navigate the complexities of the market and find the right buyer for your home.
FAQs
What price of home is the average in Guelph?
The average sale price in Guelph for April of 2021 was $699,000, with the average price for detached homes at $875,000.
What services does the SousaSells.ca Team offer?
The SousaSells.ca Team offers a variety of services to ensure that your home gets the attention it deserves. Services offered include marketing to potential buyers, negotiating on your behalf, giving advice on how to present your home to get the best possible price, and managing the entire transaction from start to finish.
What factors affect the sale price of a home?
The most important factor that affects the sale price of a home is location, followed by the condition of the home, the lot size and features, the number of bedrooms and bathrooms, and the home’s overall curb appeal.
What are the benefits of living in Guelph?
Guelph is an excellent place to live with a thriving economy, excellent quality of life and robust job market. The city offers a range of services and amenities, including excellent healthcare, education and leisure facilities. There are also many outdoor activities to enjoy, such as hiking, biking and various water-related activities.
Should I try to find a buyer for my home on my own or enlist the help of a real estate agent?
It’s strongly recommended that you enlist the help of an experienced real estate agent when trying to find a buyer for your home. A real estate agent will understand the local market, have access to potential buyers, and be able to negotiate the best possible price for your home.
