Ep 18: Guelph real estate weekly sales update July 1-15, 2025

Send us Fan MailGuelph real estate sales July 1-15, 2025July statistically tends to start the slow decline in sales for the remainder of the calendar year. As families tend to go on vacation in July and August, transaction volume declines to less than average sales per day.Here are previous July sales numbers:July 2020: 9.0 houses per day averageJuly 2021: 6.7July 2022: 4.2July 2023: 5.2July 2024: 4.7July 1-15, 2025: 4.9From this, you can see that July 2025 seems to be trending ahead of 2024, for now. If this can hold, it looks like we could be in for a change in short term trendWhat sold in the Guelph real estate market during the period?20 were condo/ townhouse/ stacked townhouse (properties with fees)54 were detached and semi detached (properties without fees or "freehold")Condos/ townhouses/ stacked townhouses:Of the 20 units that sold:$401,000 was the low price$1,200,000 was the high priceOverall average was just over $620,000 (trend is neutral, without the $1.2M sale the average would be $589K)Total homes sold at an average of 97.6% of the original asking2 of the 20 units sold over asking (10%)2 sold at the asking (10%)18 sold under the asking (80%)Not much has changed in this segment over the past months, with the average price hovering slightly below or above $600,000. Most homes here end up selling at 98% of the last list price.To give some perspective: there are over 250 units in this segment at the moment, and on average there are 1.8 that sell per day. Which means, on any given day you have a 1 in 125 selling your home in this segment. Good data for buyers!If you're a buyer in this segment, you have more power than you've had in years to negotiate. However, sellers still have expectations on sale prices vs recent comparables.Detached/ semi detached freeholdOf the 54 units that sold:$402,000 was the low price$1,399,900 was the high priceOverall average was $868,000 (decrease from June $924K)Total homes sold at an average of 98.3% of the last listed asking price7 of the 54 sold over asking (13%)4 sold at the asking (7%)43 sold under the asking (80%)Higher end segment seems to be stronger than recent pastContinuing on a new trend that we noticed in June, homes over $1M seem be gaining steam. 31% of the sales made in June were over $1M and July is currently at 24% for detached homes. This number historically moves in the range of 15-20% of total sales, meaning there is increased buyer demand here as of recent.One trend we've noticed are "move up buyers", those selling their first home to upsize to their next home. It's a great time for this, because the house that they're selling (likely between $750-$900K) is in a faster moving market than what they're buying ($1M+). This mean means they can take advantage of selling at a reasonable price, as well as negotiating harder on the purchase.Downtown area detached and semi-detached still remain strong, as there are some smaller homes that make for great first time buyers, downsizers or investor options.Have questions on the Guelph real estate market?As always, you can get in touch with Beth and Ryan Waller to book an appointment, have a chat or get a valuation of your home.You can also get more info on the local market from these sources:Guelph real estate podcastGuelph real estate videosYou can always get touch with Beth and Ryan Waller on their website