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!
March 2022 Guelph Market Update
Andra Arnold • April 1, 2022
March 2022
Guelph Real Estate Market Report
Seller's Market
The City of Guelph is seeing balance creep into the real estate market, as days on market increase slightly. However, there is still plenty of demand as average and median sales prices have continued to rise.
MARCH NUMBERS
Median Sale Price $925,000
+29.37%
Sales Volume $265,346,736
-8.51%
Unit Sales 296
-19.78%
New Listings 434
-1.59%
Expired Listings 16
+433.33%
Unit Sales/Listings Ratio 68.2%
-15.47%
Year-over-year comparison
(March 2022 vs. March 2021)
March year-over-year sales volume of $265,346,736
Down 8.51% from 2021’s $290,043,949 with unit sales of 296 down 19.78% from last March’s 369. New listings of 434 are down 1.59% from a year ago, with the sales/listing ratio of 68.2% down 15.47%.
Year-to-date sales volume of $675,209,006
Up 16.15% from 2021’s $581,344,928 with unit sales of 721 down 6.36% from 2021’s 770. New listings of 996 are up 3.21% from a year ago, with the sales/listing ratio of 72.39% down 7.4%.
Year-to-date average sale price of $968,885
Up from $744,210 one year ago with median sale price of $925,000 up from $701,000 one year ago. Average days-on-market of 12.33 is up 1.66 days from last year.
Contact Us
More blog posts on buying and selling real estate
There's a pressure that comes with every offer — especially in a slower market, especially in winter, especially when the conditions outside aren't helping. The pressure says: this is good enough, take it. Sometimes it's right. Sometimes it isn't. Knowing the difference is one of the most valuable things an experienced agent brings to the table. This is a story about passing on two offers and waiting for the right buyer. The sellers got exactly what they had hoped for. It took patience — and it was worth it.
Having an offer accepted on a home is one of the most exciting moments in the buying process. After weeks or even months of searching, visiting homes, and waiting for the right one to come along, it suddenly starts to feel real. Once the excitement settles in, many buyers are surprised to learn how much happens between acceptance day and the moment they officially receive the keys.
Moving to Guelph? Learn about neighbourhoods, schools, commuting, parks, housing costs, and what to expect before relocating to Guelph.
