Guelph Real Estate News from MICHELLE IVY August 2018   

 
Moving can be extremely stressful if you don't plan out the details ahead of time. This month's article offers a pre-move checklist that will help you prepare for the big day!

There's also some advice on how to create a fire escape plan for your home as well as a few tips on how to help get the kids back into the school sleep routine.

Thanks so much for checking out this month's newsletter. Please get in touch if you have any questions or comments regarding the articles, or real estate in general -- it'd be great to hear from you!

Cheers,
Michelle

In this issue...
Guelph Real Estate Market Update 
Guelph home sales back in line with 10-year average.

According to statistics provided by the MLS® System of the Guelph and District Association of REALTORS®, home sales numbered 290 units in July 2018.

This was an increase of 24.5% from a slow month of July 2017, and stood in line with the 10-year average for the month.

On a year-to-date basis, home sales totalled 1,805 units over the first seven months of the year. This was a decrease of 17% from the same period in 2017.

“Sales were back running at average levels in July, with the big year-over-year gain reflecting the recent improvement in demand but also a very quiet month of July last year,” said Kristi Mercier, President of the Guelph and District Association of REALTORS®. “It marks a second straight month of improving sales activity after a slow start to the year.”

The MLS® Home Price Index (HPI), tracks price trends far more accurately than is possible using average or median price measures. The overall MLS® HPI benchmark price for Guelph and District in July 2018 was $437,200, up 4.1% compared to the same month in 2017.

The benchmark price for a typical single-family home was $470,600 in July, up 3.2% on a year-over-year basis. By comparison, the benchmark townhouse price in July 2018 was $373,800, up 5.2% from July 2017, while the benchmark apartment unit price was $318,000, climbing 9.8% compared to a year earlier.

The average price of homes sold in July 2018 was $537,880, up 4.8% from July 2017. The more comprehensive year-to-date average price was $530,204, edging down 2.1% from the first seven months of 2017. The dollar value of all residential home sales in July 2018 was $156 million, an increase of 30.4% from the same month in 2017 and a new record for the month.

There were 379 new residential listings in July 2018. This was up 3.3% (12 listings) on a year-over-year basis. Active residential listings numbered 518 units at the end of July. This down 2.6% (14 listings) from the end of July 2017.

Months of inventory numbered just 1.8 at the end of July 2018, down from the 2.3 months recorded at the end of July 2017 and below the long-run average of 4.4 months for this time of year. 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.

Sales of all property types in the Guelph region numbered 296 units in July 2018, an increase of 20.3% from July 2017. The total value of all properties sold was $165.4 million, rising 27.6% from July 2017.

Cut the Stress with a Moving Checklist 
The key to keeping calm during a move is to plan in advance.

Moving to a new home is an exciting life change but it can also be very stressful if you're not properly prepared.

It's important to create a detailed checklist a few months ahead of time in order to ensure things go smoothly. Here are some points to help get you started:

Two Months Before

  • Itemize all of the major items you'll be moving.
  • Get estimates and book the movers or a rental truck.
  • Have a garage sale or donate items to charity to get rid of excess clutter.
  • Start sucking up to friends and family for help!

 One Month Before

  • Switch your insurance, medical and school records to your new location.
  • Arrange to disconnect and reconnect utilities and phone/internet services.
  • Notify any other important parties of your new address.
  • Start stockpiling various sizes of boxes.

 Two Weeks Before

  • Start packing up room by room.
  • Plan meals so food in your fridge and freezer gets used up.
  • Arrange for someone to look after your pets on moving day.
  • Return library materials and other rental items.

The Final Week

  • Water your plants a few days before you move.
  • Put together a small bag of clothes and toiletries for the first few days.
  • Gather valuable items such as legal documents and family photos so you can transport them yourself.
  • Pack a box with essentials such as cleaning supplies, chargers, light bulbs, soap, garbage bags, etc. for the first week in your new home.

Day of the Move

  • Make sure you have your new keys.
  • Double check the movers have your new address and cell phone number.
  • Have lots of refreshments on hand for your busy helpers!

 Moving can cause a wide range of emotions from sadness to extreme excitement. Although moving can be stressful at times, a little bit of planning will provide you with some very valuable peace of mind. With the help of this checklist, you can now breathe a sigh of relief and enjoy this exciting new phase of your life!

Planning a Family Fire Escape Plan 
It’s important to be prepared in the event of a fire.

Planning for a house fire isn't something most people want to think about but if such an event occurred, you’d need to act fast. Having a fire escape plan is critical so here are a few points to consider:

  1. Floor It - Draw up a floor plan of your home that shows at least two ways out of each room.

  2. Keep it Clear - Ensure there aren’t any obstacles in front of windows, doors and escape routes.



  3. Practice Makes Perfect - Crawl through escape routes with your family during annual practice drills.

  4. Window of Opportunity - Family members need to know how to open all windows and remove screens.

  5. Climb on Down - Make sure escape ladders are accessible and not buried in the back of closets.

  6. Rendezvous - Designate a special meeting place for all family members once you've evacuated.

  7. Get Out & Stay Out! - Remind children never to re-enter a burning home under any circumstances.

If you live in a condo or apartment building, ensure you know the evacuation plan and do a few practice drills. Knowing what to expect and how to act is key in any emergency situation so practice your escape plan at least twice a year.

Back to School Sleep Tips 
Ditching the lazy days of summer doesn’t have to be a drag.

As summer winds down, we need to start getting the kids back into the school time routine, starting with bedtime. Here are a few tips to help them adjust:

  1. Screens Out - Don’t let your kids play video games before bedtime as screens can affect their sleep.

  2. Get Moving - Exercise improves sleep considerably so try and sneak in extra activities throughout the day but avoid it two hours before bed.


  3. Gradually Adjust Bedtime - Don’t wait until the night before school. Instead, gradually take it back 10 - 15 minutes early until you reach the desired time and get up at the same time each morning.

Being sleep deprived will affect both your kids and your own ability to focus and learn. It’s therefore important to adopt good sleep habits to help increase your energy levels during the day which will in turn help you sleep better at night.



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