All this talk of a bubble inGuelph's housing market? Have you heard that? Houses over - priced, you heard that? How about...I am waiting till September to buy, prices will be better than the spring, heard that? No matter what you hear, Guelph's Real Estate Market will shift in 2012.
Shift from a frenzy of Buyers paying top dollars for property?
Shift from Sellers demanding strong prices for their homes?
Shift from multiple offers within days, even hours on properties?
Shift from a strong down-town location trend?
Shift from 'something with an apartment in it' must-have?
FACT: Number of houses sold in 2012 is up 6% from 2011 year to date
FACT: Average sales price is up 5% from 2011 year to date
FACT: Houses in Guelph are selling in 29 days - indicating an EXCEPTIONAL SELLERS MARKET
With those few ideas in mind, here's my prediction for Autumn 2012:
Number of listings will increase after July drought causing the Buyers ( many tired of losing in multiple offer situations ) to either QUIT..or raise the price level in order to WIN in competition. Buyers with houses to sell will decide to sell first and be more open to options for purchasing than they have been as a result of months of not finding what they want/need. More Sellers will 'try' the market, after all what's to loose..?
SO...A Fall? .in my humble opinion....not this Autumn.
Need to know more? Catch me at www.kristinandanita.ca
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