Guelph Home Sales Almost Set New April Record
According to statistics provided by the MLS® System of the Guelph and District Association of REALTORS®, home sales numbered 333 units in April 2014. This was an increase of three per cent from the same month last year.
Sales of all types of properties in the Guelph region numbered 347 units in April, up four per cent from year-ago levels.
“Home sales improved for the third straight month in April,” said Kimberley McKenzie, President of the Guelph and District Association of REALTORS®. “It was actually the third best April sales figure on record, and stood just 14 sales off the all-time record set a decade ago. At the same time, the average sale price posted a larger than expected jump in April.”
The average price of homes sold in April 2014 was $374,031, up nine per cent from levels in April 2013.
The residential dollar volume of sales in April 2014 was $124.6 million, up 13 per cent from the same month last year. This was about on par with the all-time monthly record set in May last year.
The total value of all properties sold in April 2014 was $130.6 million, an increase of 11 per cent on a year-over-year basis.
New residential listings numbered 515 units in April, up two per cent on a year-over-year basis. There were 721 active residential listings on the Association’s MLS® System at the end of April 2014, edging up one per cent from a year earlier.
There were 2.2 months of inventory at the end of April 2014, unchanged from a year earlier and just below the long-run average for this time of the year in the Guelph region. The number of months of inventory is the number of months it would take to sell current inventories at the current rate of sales activity.
The Guelph and District Association of REALTORS® represents more than 450 REALTORS® in Guelph and surrounding communities like Fergus and Elora. Additional information can be found on the Association’s web site at www.GDAR.ca.