Guelph Real Estate News from MICHELLE IVY February 2018   

 
It's important to be aware of the latest home trends, especially if you're looking for ways to make your home more appealing to buyers. This month’s article outlines some of the popular home trends for 2018.

There's also some great advice on how to maintain your smoke alarms as well as a website that will challenge your brain and donate to charity at the same time!

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 slow sharply in January.

According to statistics provided by the MLS® System of the Guelph and District Association of REALTORS®, home sales numbered 153 units in January 2018. This was down 27.8% from the record breaking month of January in 2017.

“The slowdown in sales in January following an extremely strong end to 2017 lends further support the idea that some buyers pulled forward purchases into late 2017 to beat the introduction of tougher mortgage rules on January 1,” said Kristi Mercier, President of the Guelph and District Association of REALTORS®.

“If that is indeed the case, then we would expect activity to start to balance out somewhere in between those highs and lows in the months ahead.”

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 for Guelph and District rose 10.9% in January 2018 compared to the same month in 2017. While this is still in the double digits, it does mark a deceleration from the gains posted throughout 2017.

Single-family home prices were up 9.4% year-over-year in January. By comparison, townhouse prices rose 10.3% from January 2017 and apartment unit prices climbed 21.8% compared to a year earlier.

The average price of homes sold in January 2018 was up 2% from levels in January 2017. The dollar volume of residential sales in January 2018 was $74.3 million, down 26.4% from the record for the month which was set in January 2017.

New residential listings numbered 286 units in January, down 7.1% on a year-over-year basis. There were 315 active residential listings on the Association’s MLS® System at the end of January 2018, up 42.5% from the extreme lows of one year earlier but still below the same time in all other years on record.

There were just 2.1 months of inventory at the end of January 2018, up from one month recorded in January 2017 but still well below the long-term average for this time of year of about six months. 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 types of properties in the Guelph region numbered 161 units in January, down 28.4% from a year earlier. The total value of all properties sold in January 2018 was $81.3 million, down 25.5% on a year-over-year basis.

Hot Home Trends for 2018 
Curious about what’s trending in homes and gardens this year?

It’s that time of year when homeowners are thinking about revamping and refreshing their space.  Here are a few of the latest trends and styles that are gaining steam:

  1. Ziggity Zag - Geometric patterns are making a comeback! It could be as simple as adding a few accent pillows or for a bolder statement, consider some patterned wallpaper.

  2. Concrete Ideas - This versatile material is becoming increasingly popular for sinks but can also be used in more unique ways such as furnishings, wallcoverings and tile.

  3. Sleep Easy - Embrace minimalist bedrooms this year with soothing neutrals and plain furniture pieces. Keeping the space simple will help you enjoy a restful night’s sleep.

  4. Full House - Multigenerational living is a major home design trend for 2018. Additional kitchens, basement renovations, and seperate entrances are just some of the ways homes are reflecting this trend.

  5. The Heart of the Home - Homeowners are injecting warmer, brighter tones on their kitchen walls and cabinets. Sinks made with materials like stone, copper, concrete or granite will also steal the spotlight in 2018.

If you're thinking about breathing some new life into your home with a new year’s makeover, be sure to take the latest trends into account during the planning stage. Hopefully these ideas have given you inspiration to inject some new style into your home!

Smoke Alarm Smarts 
Smoke detectors are important but they’re often overlooked.

Countless tragedies are prevented each year by smoke detectors. Here are a few tips to ensure your smoke detectors are in full working order:

  1. Test each alarm regularly by pressing the test button until the alarm sounds.

  2. Blow the dust out of the alarm whenever you check or change the batteries.


  3. Don't "borrow" the batteries for the TV remote as you'll likely forget to replace them.

  4. Smoke alarms should be replaced at least every ten years to ensure proper working order.

  5. Don't install alarms near windows or doors as drafts could stop smoke from reaching the alarm system.

  6. There should be at least one alarm installed on each floor including the basement and preferably every bedroom.

Alarms can be hard wired, battery powered or preferably a combination of both. Interconnected smoke alarms are best because when one alarm goes off, they all do. If you have any questions, your local fire department will be more than happy to help.

Educate and Donate 
Smarten up and end hunger, a few grains of rice at a time!

Next time your kids are on their devices, send them over to www.FreeRice.com where they can learn and donate at the same time!

Users answer multiple choice questions on a range of subjects including math, language, geography and science.  When a question is answered correctly, 10 grains of rice are donated via the World Food Program.

These questions aren’t just for kids; in fact, anyone can benefit from this game as you can adjust the difficulty level. The vocabulary section will definitely give you some mental stimulation so it’s a win-win!



PS Are you sick of scouring the paper and MLS sites looking for homes? Tired of playing telephone tag with agents only to hear the home's already sold? Sit back, relax and let me do the work for you! Just visit my website and check off the features you're looking for. Whenever a home matching your criteria hits the market, it'll be automatically flagged and emailed to you so you'll never have to worry about missing your dream home. This service is free and there's no obligation! Click here to get started.

Not meant to solicit clients already under contract.