Living in Guelph is one of the best decisions of your life. It is a thriving city, with a diversity of cultures, plenty of recreational activities, and affordable housing. However, as a resident of the area, it is important to be aware of the current housing market in a bid to get the best price for your property. The 2021 real estate market in Guelph has been shaped by an array of factors, which is why engaging a seasoned real estate agent is beneficial.
What to Know Before Selling in Guelph?
Before putting your home on the market, there are a few essential pieces of information that you should be aware of. Firstly, what is the current state of the economy? Secondly, what are the trends of the real estate market? Knowing the answers to these questions will better equip you to make sound decisions throughout the selling process.
The Current State of the Economy
The worldwide pandemic undoubtedly changed the landscape of many markets across the globe, and the real estate market was no exception. It has so far been a tumultuous year as restrictions have impacted Guelph residents in various ways, yet the 2021 real estate market in Guelph remains steady.
Nonetheless, it is important to remain aware of the factors that have continued to influence the market. Interest rates have dropped significantly in the past year, resulting in a lower mortgage rate for potential buyers, driving demand for housing. On the other hand, limited inventory for sale continues to cause prices to rise in the city of Guelph.
Real Estate Market Trends
The 2021 real estate trends so far have been encouraging for both buyers and sellers. Most notably, the median sale price has sat around $705,000 since April 2020. Moreover, the average price of a detached home in the city has increased by over 31% since 2019.
These figures suggest that 2021 is the ideal time to enter the market as a seller. However, despite these general trends, particular micro-markets in Guelph have varying figures which is why it is important to compare similar properties when trying to assess value.
The Role of a Real Estate Agent
When it comes to pricing and selling your property, the job of a real estate agent is almost irreplaceable. It is essential to build your team early with a qualified and experienced real estate agent who can assist with the sales process. An experienced professional will be well aware of the local trends and micro-markets, allowing for a transparent and more informed sale.
At SousaSells.ca, we are aware of the importance of sticking to a transparent process. Our team understands how competitive the market is, which is why we focus on delivering the best results for our clients.
Tony Sousa, a top-producing real estate agent in the field, ensures his clients are fully informed of their options, taking the time to explain the positives and negatives of each decision to make transitioning homeowners better informed during the process of buying or selling their home. His goal is to help his clients make the best decisions possible based on the current market and their individual needs, ensuring the process goes as smoothly and successfully as possible.
The Benefits of Selling with a Realtor
Choosing to work with a realtor has several advantages. Firstly, as you are aware, Tony Sousa and his team have all the up-to-date information on the housing market in 2021, allowing for a more accurate assessment of what your property is worth.
Moreover, their knowledge and experience in the sales process mean that the process of buying and selling will be much faster. Agents are aware of the paperwork and steps required to get from the initial listing to a successful sale, therefore taking the strain off of homeowners and buyers.
Furthermore, agents also have great marketing tools and resources at their finger-tips to showcase your house in the best light to potential buyers. Whether it be through listing platforms and social media, or creative tactics such as virtual tours, a realtor will do their best to make sure your property is seen by as many people as possible.
The 2021 Real Estate Market in Guelph
All in all, 2021 has been a reasonably positive year for the real estate market in Guelph. Factors such as the interest rate and overall demand have been an incentive for potential buyers, while the steady rise in the median price has allowed homeowners to make a steady profit.
With that being said, it is important to recognize that, as an area, there are some micro-markets that may have varied results. This is why it is essential to engage a real estate expert with the knowledge and experience to guide you to the best conclusion.
The team at SousaSells.ca are here to provide you with the assistance needed to drive a successful sale. Our team focuses on maintaining transparency throughout the process, ensuring all steps are discussed to the detail, allowing you to make an informed decision.
FAQs
What are the current trends of the real estate market in Guelph?
The 2021 real estate trends so far have been encouraging for both buyers and sellers. Most notably, the median sale price has sat around $705,000 since April 2020. Moreover, the average price of a detached home in the city has increased by over 31% since 2019.
When is the best time to enter the market as a seller?
The 2021 real estate market in Guelph has been shaped by a variety of factors making it the ideal time to enter the market as a seller. Low mortgage rates, limited inventory, and increasing prices have caused demand to stay high in the area.
Why should I hire a real estate agent?
When it comes to pricing and selling your property, the job of a real estate agent is almost irreplaceable. A qualified and experienced real estate agent will be aware of local trends and micro-markets, allowing for a better understanding of your property’s value. Agents are also aware of the steps needed to complete the sales process, and have marketing tools to make sure your property is seen by potential buyers.
What makes SousaSells.ca stand out?
At SousaSells.ca, we ensure that our clients are fully informed of their options, and that the process remains transparent. Our team is composed of experienced professionals who understand the market and how to get the best results for our clients.
What advice does Tony Sousa provide for sellers?
Tony Sousa advises homeowners to compare similar properties when trying to assess the value of their own property in the current market. He also focuses on keeping the process transparent for his clients, taking their individual needs into consideration and ensuring that they are fully informed at all times.
Conclusion
The 2021 real estate market in Guelph has been a positive year, with the median sale price rising and the economy becoming more stable in recent months. As a result, 2021 is the perfect time to enter the market as a seller.
Nonetheless, it is important to be aware of the various factors that have influenced the area, while also engaging the help of an experienced realtor. At SousaSells.ca, our team have the knowledge, experience and resources necessary to drive successful sales. We focus on delivering the best results to our clients, while ensuring a level of transparency throughout the process.
Realtor Tony Sousa has extensive experience in the field, equipping his clients with the necessary information to make sound decisions when buying or selling their home. With his help and the help of his team at SousaSells.ca, buying, selling and transitioning to a new home in Guelph can be a breeze.
